November 4, 2008

Takeda Pharmaceutical Company Limited

Notice regarding Revision to Increase Interim and Planned Annual Dividends for the Fiscal Year Ending March 31, 2009

Osaka, Japan, November 4, 2008 --- Takeda Pharmaceutical Company Limited ("Takeda") announced that its Board of Directors resolved today revision to increase the interim and planned annual dividends per share for the fiscal year ending March 31, 2009.

1. Reason for revision to interim and planned annual dividends

In order to ensure sustainable growth in corporate value, Takeda will continue to make strategic investments with the aim of enhancing its R&D pipeline in a way suitable to a Research & Development-driven global pharmaceutical company, and of improving its business infrastructure both in Japan and overseas. As for profit distribution, Takeda plans to flexibly buy back shares, in order to improve capital efficiency and further promote return to shareholders, taking into consideration its overall capital requirements, as well as the stable enhancement of the dividend payout ratio.

Takeda’s basic dividend policy is to maintain stable profit distribution that is appropriate to the company’s consolidated financial results. Takeda plans to gradually increase the consolidated dividend payout ratio, targeting around 45% on earnings before amortization of intangible assets associated with acquisition on Millennium as a wholly owned subsidiary in fiscal 2010, the final year of the 2006-2010 Medium-term Plan.

In view of the above, the interim and planned annual dividends for the fiscal year ending March 31, 2009 are revised to increase as follows:

2. Content of revision

	Dividend per share (Unit: Japanese Yen)
	Interim	Year-end	Annual total
Fiscal year ending March 31, 2009 (Previous plan announced on May 9, 2008)	85.00	85.00	170.00
Fiscal year ending March 31, 2009 (Revised)	88.00 (Determined)	88.00 (Planned)	176.00 (Planned)
Fiscal year ending March 31, 2008 (Actual)	84.00	84.00	168.00

Note: Our operations are exposed to various risks at present and in the future, such as changes of the business environment and foreign exchange rate fluctuation. The above revised plan is based on certain information available to management at the time of announcement and actual dividend may differ from the plan.

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