Analyst Coverage

A list of securities company and research institute analysts covering Asahi Glass.

Analyst Coverage(As of August, 2010)

Company Analyst
Bank of America Merill Lynch Mikio Hirakawa
Barclays Capital Japan Limited Eric Lee
Citigroup Global Markets Japan Atsushi Ikeda
Credit Agricole Securities Asia B.V. Makoto Kurosawa
Credit Suisse Securities (Japan) Limited Shinya Yamada
Daiwa Institute of Research Ltd. Yusuke Ando
Deutsche Securities Inc. Katsuhiko Ishibashi
JPMorgan Securities Japan Co., Ltd. Akira Kishimoto
Macquarie Capital Securities (Japan) Limited Michiko Kakiya
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Hiroyuki Okaseri
Mizuho Securities Co., Ltd. Hiroshi Matsuda
Morgan Stanley MUFG Securities Co., Ltd. Lalita Gupta
Nomura Securities Co., Ltd.Financial & Economic Research Center Takaomi Kono
UBS Securities Japan Ltd. Takaaki Muramatsu
Shohei Takahashi

* Analysts are listed in corporate alphabetical order, with titles omitted from names.

* The list above is prepared based on the information available to the Company at the time of publication.Please note that there may be analysts who are not included in the list, and the entirety of the information may not necessarily be the latest one.

* The list is prepared for the sole purpose of providing the Company's information, such as introduction of companies which analyze or forecast the Company's performance, or analysts at research institutes, to the Company's investors, and is not intended for soliciting orders or trading for the Company's shares. Also, the Company neither supports any forecasts, opinions or recommendations by these analysts, nor guarantees any consistency of the information.Irrespective of whether included in the list or not, analysts may regularly or irregularly analyze the Company's performance, business, technologies or services, or forecast the Company's performance based on their independent judgment. Please note that the Company is never involved in any process concerning the preparation of these forecasts.Investors are hereby requested to make their final investment decision based on their own judgment and responsibilities.

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