Changes in Senior Management at NSG

NSG Group, has announced that, at the meeting of the Board of Directors of the Company, the following changes in the positions of the Company's representatives were agreed.

Following the announcements in September 2007 of the integration of all of the Group's businesses and in February 2008 of the decision to move to a 'Company with Committees' board structure, the Board of NSG Group has announced the following changes in senior management of NSG Group Board.

Yozo Izuhara is appointed Chairman of the Board; with Katsuji Fujimoto becoming Chairman of the NSG Group and Tomoaki Abe appointed Vice-Chairman.

Stuart Chambers is appointed President and CEO of the NSG Group, with responsibility for the profitable operation of all businesses within the Group. Stuart Chambers will chair an Executive Committee, which will oversee the day to day management of the NSG Group's businesses. Masakuni Nitta retires from the Board and becomes Senior Adviser.

As Chairman of the Board, Yozo Izuhara will take particular responsibility for corporate governance. In parallel, a new board structure will be established. The former 'External Auditors' model will be replaced by three board committees (Audit, Nomination and Remuneration) and four external directors.

Katsuji Fujimoto, as Chairman of the NSG Group, will ensure that the Company is run in accordance with the Company's long-term objectives and strategy and guiding Values and Principles. He will also provide support to the Executive in communicating with the financial community, shareholders, governments and other external organizations of importance to the Group.

Yozo Izuhara will chair the Nomination Committee, Tomoaki Abe will chair the Audit Committee and Noritaka Kurauchi will chair the Remuneration Committee.

Reason for changes
The appointment of Stuart Chambers as President and CEO continues the process of evolution of the NSG Group into an international corporation and will also develop further the process of integration and simplification of the Group's management structure.

The adoption of the 'Company with Committees' model brings the NSG Group into line with a growing number of leading Japanese corporations and with best practice. It introduces additional safeguards for shareholders, increases transparency and improves corporate governance.

Profile of New Representative
Name: Stuart Chambers
Date of birth: 25th May 1956
Nationality: British (Place of birth: Brunei)
Higher Education: Graduate of University College London (1977)
Career: 07/1996 Joined Pilkington plc, Group Vice-President, Marketing and Business Development, Building Products, Pilkington
08/1998 Managing Director, Primary Products Europe, Pilkington
06/2000 President, Building Products Worldwide, Pilkington
01/2001 Executive Director of Pilkington plc, later Pilkington Group Limited (Current)
05/2002 Group Chief Executive of Pilkington plc, later Pilkington Group Limited (Current)
06/2006 Group Director of NSG Group (Current)
04/2007 Head of Flat Glass Business of NSG Group (Current) and BP Business line
06/2007 Executive Vice-President (Current)
10/2007 Representative Director (Current), Executive Vice-President and COO (Current)