Disclaimer

Nothing on this Investor Information Webpage (the "Webpage") shall be construed as an offer to sell, or a solicitation of an offer to buy any securities of Kao Corporation. The information on the Webpage does not constitute, and should not be construed as, investment advice with respect to the purchase or sale of securities of Kao Corporation.

Kao Corporation does not guarantee the sequence, accuracy, or completeness of any information or summary displayed on the Webpage or other information accessible from the Webpage. Kao Corporation is not liable or responsible in any way for any damages, losses or costs caused in connection with your use of any information or summary displayed on the Webpage or other information accessible from the Webpage or any problems resulting from downloading of summary.

Furthermore, statements made on the Webpage with respect to Kao Corporation's current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements. These statements are based on management's estimates, assumptions and projections in light of the information currently available to it. Some factors, which include but are not limited to the risks and uncertainty associated with the worldwide economy, competitive activity and currency fluctuation, could cause actual results to differ materially from expectations. Therefore, you should not place undue reliance on the forward-looking statements in making investment decisions.