Completion of Transfer of All Equity in an Instant Noodle Joint Venture
Company with Nissin Foods Holdings Co., Ltd. in Brazil to Nissin Foods
Holdings’ Brazilian Subsidiary

TOKYO, October 30, 2015– Ajinomoto Co., Inc. (“Ajinomoto Co.”) completed the transfer of all of its equity in NISSIN-AJINOMOTO ALIMENTOS LTDA. (“NA”), an instant noodle joint venture company with Nissin Foods Holdings Co., Ltd. (“Nissin Foods HD”), to Nissin Foods HD’s Brazilian subsidiary NISSIN TECHNOLOGY ALIMENTOS DO BRASIL LTDA. (“Nissin TA”) on October 30, 2015.

Completion of Transfer of All Equity
On October 30, 2015, Ajinomoto Co. completed the transfer of all of its equity in NA to Nissin TA.

The transfer price is JPY 32.5 billion, and as a result Ajinomoto Co. expects to record an extraordinary gain of around JPY 25.0 billion. This gain was incorporated in the most recent consolidated performance forecast for the fiscal year ending March 31, 2016, which was announced on August 27, 2015 in “Revision to Consolidated Performance Forecast for the Fiscal Year Ending March 31, 2016.”

Transferee
The equity transfer agreement for NA stipulates that Nissin Foods HD may designate either itself or its Brazilian subsidiary as a transferee. The transferee was decided at the time of the transfer by notification to Ajinomoto Co. from Nissin Foods HD that the transferee should be its Brazilian subsidiary Nissin TA.

Overview of NISSIN TECHNOLOGY ALIMENTOS DO BRASIL LTDA.
(1) Company name: NISSIN TECHNOLOGY ALIMENTOS DO BRASIL LTDA.
(2) Location: State of São Paulo, Federative Republic of Brazil
(3) Representative: Yoshiki Higashide, President
(4) Established: March 14, 2001
(5) Capital: BRL 105,926 (Capital increase scheduled for October 30, 2015)
(6) Equity ownership: Nissin Foods Holdings Co., Ltd. 99.9%, and others
(7) Business description: Provision of technological support related to the manufacture of food
(8) Net sales: BRL 143,936 (fiscal year ended March 2015*)

* Three-month fiscal year due to the impact of a change in the closing date for financial results

Reference
Press release dated August 27, 2015
“Ajinomoto Co., Inc. to Transfer All of Its Equity in Its Instant Noodle Joint Venture Company with Nissin Foods Holdings Co., Ltd. in Brazil to Nissin Foods Holdings Co., Ltd.” http://www.ajinomoto.co.jp/company/en/presscenter/press/detail/g2015_08_27_2.html


About Ajinomoto Co.
Ajinomoto Co. is a global manufacturer of high-quality seasonings, processed foods, beverages, amino acids, pharmaceuticals and specialty chemicals. For many decades Ajinomoto Co. has contributed to food culture and human health through wide-ranging application of amino acid technologies. Today, the company is becoming increasingly involved with solutions for improved food resources, human health and global sustainability. Founded in 1909 and now operating in 26 countries and regions, Ajinomoto Co. had net sales of JPY 1,006.6 billion (USD 9.17 billion) in fiscal 2014. For more about Ajinomoto Co. (TYO: 2802), visit www.ajinomoto.com.

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