Notice of Changes to the Dividend Forecast for Fiscal 2010 ending March 31, 2011 (the 89th period)

Oct. 28, 2010

Press Release

This is to notify you that we have decided to revise the forecast for dividend per share at the Board of Directors meeting held on October 28, 2010.

Reasons for Revision

Increasing corporate value and returning profit to shareholders are fundamental management objectives at Sekisui Chemical. The management objective for shareholder return is to maintain a stable dividend level with a target consolidated-basis dividend payout ratio of 30%.
We have revised the dividend forecast for the period as below, by comprehensively taking the payout ratio and other aspects into account, as we expect the business results to exceed the initial forecast.

Revised dividend predictions

	Dividend Per Share (in yen)
	At the end of 2nd quarter	Year-end	Full year
Previous Forecast	5.00	5.00	10.00
Current Revised Forecast	-	7.00	12.00
Dividend Paid in the Current Period	5.00	-	-
Dividend Paid in the Previous Period (Fiscal 2009 ending March 31, 2010)	5.00	5.00	10.00

Notes:

Please note that the forecast values described in this data were created based on the information that could be obtained at the time, and may differ from the actual results due to various reasons in the future.

Disclaimer

This press release may contain forward-looking statements. Such forward-looking statements are based on current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements due to changes in global economic, business, competitive market and regulatory factors.