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Notice on Finalization of Details of Issuance of Stock Compensation-type Stock Options (Stock Acquisition Rights)

Date
14 Oct 2011

Nippon Sheet Glass Co., Ltd. has decided the subscription requirements of Stock Acquisition Rights, in the form of stock options, to be allotted to certain directors (except external directors), executive directors and executive officers on 29 September 2011, and the details of issuance of the Stock Acquisition Rights were finalized today as follows:

1. Allotment date of Stock Acquisition Rights

14 October 2011

2. Number of Stock Acquisition Rights to be issued

528
(Number of shares to be issued or transferred upon exercise of a Stock Acquisition Right: 1,000)

3. Amount to be paid in upon Allotment of Stock Acquisition Rights

126,280 yen per Stock Acquisition Right (126.28 yen per share)

The amount to be paid in, however, shall be offset against the corresponding compensation obligation of the Company to the directors, etc. The above amount was calculated in accordance with the Black-Scholes model based on the closing stock price of the Allotment Date.

4. Amount to be paid with the exercise of Stock Acquisition Rights

1 yen per share

5. Allottees of Stock Acquisition Rights and the number of rights to be granted

Allottees (Number of Allottees) Number of Stock Acquisition Rights per Person Total Number of Stock Acquisition Rights to be Granted
Directors (excluding external Directors) and Executive Directors of the Company (3) between 44 and 104 218
Executive Officers of the Company (10) between 26 and 36 310
Total (13) - 528