November 1, 2007

Takeda Pharmaceutical Company Limited

Transfer of Shares of Sumitomo Chemical Takeda Agro Company, Ltd.
from Takeda to Sumitomo Chemical

November 1, 2007, Osaka, Japan --- Takeda Pharmaceutical Company Limited (“Takeda”, President: Yasuchika Hasegawa) announced today that all of Takeda’s shares of Sumitomo Chemical Takeda Agro Company, Ltd. (“SCTA”, President: Shigeki Tashiro) had been transferred to Sumitomo Chemical Co., Ltd. (“Sumitomo”, President: Hiromasa Yonekura) on October 31, 2007. This transfer is based on the original joint venture agreement between Takeda and Sumitomo concluded in October 2002 for establishment of SCTA.

SCTA started its operation in November 2002 upon transfer of Takeda's agrochemical business, and has been enhancing its presence in the market supported by former Takeda’s strong sales network in the domestic, Sumitomo’s well-established sales network in overseas, and close cooperation with Sumitomo’s Agrochemical Division.

“We are pleased that SCTA has been expanding its business since start of operation”, said Yasuchika Hasegawa, President of Takeda. “We believe SCTA will continue growing, contributing to Sumitomo Chemical group toward the future”.

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