Asahi Glass : Formulation of the AGC Group Corporate Governance Basic Policy

__________ __, 2007

February 5, 2016

Corporate Name: Asahi Glass Co., Ltd. Representative Director: Takuya Shimamura (Code Number: 5201; TSE 1st section) Contact: Junichi Kobayashi, General Manager,

Corporate Communications & Investor Relations Office

Corporate Planning Division (Tel: +81-3-3218-5603)

Formulation of the AGC Group Corporate Governance Basic Policy

Asahi Glass Co., Ltd. (the "Company"), the parent company of the AGC Group, announced today that it has formulated the AGC Group Corporate Governance Basic Policy with the aim of achieving sustainable growth and mid- to long-term enhancement of corporate value.

1. Overview of the AGC Group Corporate Governance Basic Policy

2. Purpose

   The Company has adopted a Board of Corporate Auditors system as its corporate governance structure, and has the Nominating Committee and the Compensation Committee as the voluntary advisory bodies for the Board of Directors to further enhance the management oversight function. In the light of the purpose of the Corporate Governance Code, the Company has formulated the AGC Group Corporate Governance Basic Policy (the "Basic Policy") and will further enhance the Company's corporate governance with the aim of achieving both sustainable growth and mid- to long-term enhancement of corporate value.

   
   

3. Status of the Basic Policy

   The Basic Policy sets forth the basic concepts and policies concerning corporate governance of the Company, and supersedes all individual policies, regulations and agreements concerning the corporate governance of the Company.

   
   

4. Structure

The following is the structure of the Basic Policy.

Chapter 1 General Provisions (Status of Policy, Purpose)

Chapter 2 Relationship with Shareholders (Respecting Shareholder Rights and Voting Rights, Assessment on Strategic-shareholdings/Exercise of Voting Rights, etc.)

Chapter 3 Corporate Governance Structure (Basic Concepts 、 Structure, Roles, and

Operation of Board of Directors、Information Provision to Outside Directors, Roles of Corporate Auditors, Information Provision to Directors and Corporate Auditors, Purpose and Role of the Nominating Committee and Compensation Committee, Evaluation of Effectiveness of Board of Directors, etc.)

Chapter4 Information Disclosure and Communication (Information Disclosure and

Ensuring Transparency, Dialogue with Shareholders) Chapter 5 Establishment, Revision and Abolishment




5. Information available at:

The AGC Group Corporate Governance Basic Policy is available on the Company's website (http://www.agc.com/english/company/governance.html) as well as in the Corporate Governance Report which is submitted to the Tokyo Stock Exchange.