CHUGAI PHARMACEUTICAL CO., LTD.

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Feb 03, 2010

Name of listed company:   Chugai Pharmaceutical Co., Ltd.
Code number: 4519 (1st Section of Tokyo Stock Exchange)
Head office: 1-1, Nihonbashi-Muromachi 2-Chome, Chuo-ku, Tokyo
President & CEO: Osamu Nagayama
Inquiries to: Nobuyuki Chiba,
General Manager, Corporate Communications Dept.
  Tel:+81-(0)3-3273-0881

Notice Regarding Dividend and the Difference between Dividend Forecast

Chugai Pharmaceutical Co., Ltd. (the Company) announced that the Company resolved at the meeting of its Board of Directors held today to propose an agenda asking authorization to pay dividends from earned surplus as of December 31, 2009, at the 99th Annual General Meeting of Shareholders
As a result, there will be a difference as described below.

1.Contents of Dividends

  Decided amount The latest forecast Actual of previous year
(FY ended Dec.2008)
Date of record December 31, 2009 December 31, 2009 December 31, 2008
Per share ¥23.00 ¥17.00 ¥19.00
Total amount ¥12,516 million ¥9,261 million ¥10,351 million
Effective date March 26, 2010 March 26, 2010 March 26, 2009
Dividend resource Retained earnings Retained earnings Retained earnings

2.Contents of the Revision

  Per share (Yen)
Date of record End of second quarter End of fiscal year Annual
Previous Forecast   17.00 34.00
Actual of current year 17.00 23.00 40.00
Actual of previous year
(FY ended Dec.2008)
15.00 19.00 34.00

3.Reasons for the Revision

With regard to income distribution, we aim to ensure a stable return of profit for all shareholders and a consolidated dividend payout ratio of around 40% on average, taking account of strategic funding needs and earnings prospects.
Based on the above-mentioned principle, the year-end regular dividends for the fiscal year ended December 31, 2009, are ¥17 per share. In addition, a special dividend of ¥6 per share is being paid, thus bringing the year-end dividend to ¥23 per share.

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