European Commission Fine - Automotive Glass Sector - Decision to Appeal
Nippon Sheet Glass Co., Ltd. (“the Company”) confirms that Pilkington Group Limited (“Pilkington”), a subsidiary of the Company, has decided that it will file an appeal against the decision by the European Commission to levy a civil fine of Euro 370 million (approximately JPY 45 billion) against Pilkington with regard to the European automotive glass sector, as announced in the Company's press release dated 13th November 2008.
2. Impact upon the operation
As announced on 13th November, 2008, the Company has made a provision for the estimated payment for the fine. Any decision on this appeal is not anticipated to be made during the current financial year. Consequently, the Company does not expect the decision to appeal to require any further revision to the Company's operating result outlook for this term.