To Whom It May Concern:
Listed Company Name: TOTO LTD.
Madoka Kitamura ,
May 19, 2014
Representative:
President
Representative Director
Code No.: 5332 (First Section of Tokyo/Nagoya Stock
Exchanges, Fukuoka Stock Exchange)
Masanori Akasaka,
Contact Person:
General Manager of Public & Investors
Relations Dept.
(TEL: 81-3-6836-2024)

Notice Regarding TOTO Minimum Stock Trading Unit Policy

TOTO LTD. hereby announces its policy on the reduction of minimum stock trading unit as follows. TOTO believes that its current minimum stock trading unit does not pose any constraint on the liquidity of
its shares, given the current levels of those shares as well as the number and composition of the stockholders. Still the Company will continue to study the matter giving consideration to investor needs, the above-mentioned factors, and cost effectiveness, based on its shareholder-focused management

stance.

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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