Certain Common Shares of Tokyo Board Industries Co., Ltd. are subject to a Lock-Up Agreement Ending on 25-MAR-2015. These Common Shares will be under lockup for 91 days starting from 24-DEC-2014 to 25-MAR-2015.

Details:
The seller and lender, Kichisuke Suzuki and lenders Kazuo Ito and Masahiro Ishige, sellers TBH Co., Ltd., Minoru Ota, Minoru Sato, Tetsuo Ishige, company shareholders Seihoku Co., Ltd., JK Holdings Co., Ltd., Mizuho Bank, Ltd., The Bank of Tokyo-Mitsubishi UFJ, Ltd., Itochu Kenzai Corporation, Sumitomo Forestry Co., Ltd., Sojitz Building Materials Corporation, Toyo Materia Corporation, Marubeni Building Materials Co., Ltd., Kyowa Shoji Corporation, Tohoku Adhesive Co., Ltd., Yoshio Sekiguchi, Board Co., Ltd., Masato Ota, Oshika Co., Ltd., Yukio Nishihara, Toru Nishihara, Masao Ban, company executives Hiroyuki Inoue, Saburo Kobayashi, subsidiary executives Katsuo Osawa, Kazumasa Aikawa and Koji Yabe, have agreed with the lead manager, not to sell company shares, beginning on the date of the conclusion of the original underwriting agreement to 90 days after the listing date, without prior written consent from the lead manager.