TOTO Ltd : Notice of Changes of Chairman, President, and Representative Directors

To Whom It May Concern:
January 31, 2014

Listed Company Name	TOTO LTD.
Representative	Kunio Harimoto, President Representative Director
Code No.	5332 (First Section of Tokyo/Nagoya Stock Exchanges, Fukuoka Stock Exchange)
Contact Person	Masanori Akasaka, General Manager of Public & Investors Relations Dept.
(TEL: [phone])

Notice of Changes of Chairman, President, and Representative Directors

This is to inform you that at the meeting held on January 31, 2014, the Board of Directors of TOTO LTD. (the "Company") decided to change our Chairman, President, and Representative Directors as follows.
1. Reason for Change
The change is due to our transition to a new corporate structure for Fiscal 2014.
2. Changes in Chairman, President, and Representative Directors
(Expected to be appointed as of April 1, 2014)

Name	New Title	Current Title
Kunio Harimoto	Representative Director, Chairman of the Board	President, Representative Director
Madoka Kitamura	President, Representative Director	Director, Senior Managing Executive Officer
Tatsuhiko Saruwatari	(Reappointed)	Representative Director, Executive Vice President
Kiyoshi Furube	Representative Director, Executive Vice President	Director, Senior Managing Executive Officer

3. Retiring Representative Directors (Expected to resign as of April 1, 2014)

Name	New Title	Current Title
Teruo Kise	Director, Advisor	Representative Director, Chairman of the Board
Akio Hasunuma	Director	Representative Director, Executive Vice President

Teruo Kise and Akio Hasunuma will be appointed as an advisor and a corporate advisor, respectively, after retiring as representative directors at the Ordinary General Meeting of Shareholders to be held in June 2014.

This notice has been translated from the original notice in Japanese. In the event of any discrepancy, the original in Japanese shall prevail.

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4. Brief Career History for Newly Appointed Representative Directors

Name	Madoka Kitamura

Name	Kiyoshi Furube
Place of Birth	Hyogo Prefecture
Date of Birth	November 3, 1954
Education	Mar. 1977 Graduated from the School of Business Administration, Kwansei Gakuin University
Brief Career History	Apr. 1977 Joined the Company Apr. 2002 General Manager of Operation Department of Kita-Kanto Branch Office Oct. 2003 General Manager of Shikoku Branch Office Apr. 2007 Deputy General Manager of Sales Coordinating Division Apr. 2008 General Manager of Sales Coordinating Division Jun. 2008 Executive Officer, General Manager of Sales Coordinating Division Apr. 2010 Executive Officer in charge of Sales Promotion Group, and General Manager of Sales Coordinating Division Jun. 2010 Director, Executive Officer, in charge of Sales Promotion Group, and General Manager of Sales Coordinating Division Apr. 2011 Director, Managing Executive Officer, in charge of Sales Promotion Group Apr. 2012 Director, Senior Managing Executive Officer, in charge of Sales Promotion Group Apr. 2013 Director, Senior Managing Executive Officer, in charge of Sales Promotion Group and Marketing Group
Number of Company shares held	27,000 shares

This notice has been translated from the original notice in Japanese. In the event of any discrepancy, the original in Japanese shall prevail.

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