European Commission Fine - Building Products Glass Sector
Nippon Sheet Glass Co., Ltd. ( “the Company” ) confirms that, as stated in the Commission's press release dated 28th November 2007, the European Commission has announced a Decision to levy a civil fine of Euro 140 million ( JPY 22.5 billion ) against Pilkington Group Limited ( “Pilkington” ), a subsidiary of the Company. The fine follows an investigation, previously announced, into a number of glass manufacturers in the European building products glass sector, including Pilkington, relating to infringement of competition rules.
Pilkington also received, on 20th April 2007, a Statement of Objections with regard to the European automotive glass sector. The outcome of that case is still outstanding.
2. Impact upon the operation
As announced on 22 May 2007, the Company has made a provision for the estimated fine payment for building products and automotive glass. Consequently, the Company does not expect to have to make a further Revision of Operating Result Outlook to take account of this development.