29th Aug 2006 09:00
Toyota Motor Corporation29 August 2006 (Translation) To Whom It May Concern: August 29, 2006 Company Name: TOYOTA MOTOR CORPORATION Name and Title of Representative: Katsuaki Watanabe, President (Code Number: 7203 Securities exchanges throughout Japan) Name and Title of Contact Person: Takuo Sasaki General Manager, Accounting Division (Telephone Number: 0565-28-2121) Notice Concerning the Dissolution of a Subsidiary We hereby give notification that at the meeting of the Board of Directors ofToyota Motor Corporation ("TMC") held on August 29, 2006, TMC decided todissolve its subsidiary, Terra Corporation, as described below. 1. Facts of Terra Corporation Location: 25, Fukadacho 1-chome, Toyota-shi, Aichi Prefecture Representative: Yasumori Ihara (Managing Officer of TMC) Date of Incorporation: October 1996 Capital: JPY 100 million Shareholder Composition: TMC : 85% Nippon Furnace Kogyo Kaisha, Ltd.: 10% Kazuhisa Mitani : 5% Contents of Business: Development, manufacture, and sale of regenerative burners 2. Reason for Dissolution Although TMC has continuously made efforts in the operation of Terra Corporationsince its establishment, as the business results have been poor and there are noprospects for restructuring the company, TMC has decided to dissolve TerraCorporation. In order to assure customers, the after-sales service of the products of TerraCorporation will be succeeded by Toyota Tsusho Corporation, the current salesagency. 3. Schedule for Liquidation Liquidation proceedings are scheduled to begin in or after Octobers 2006. 4. Anticipated Effects on the Business Performance The anticipated effects of the dissolution of Terra Corporation on TMC'sbusiness performance are minor. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Toyota Motor