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Notice Regarding Dissolution of TDK Sub-subsidiaries

Information contained in the news releases are current as of the date of the press announcement, but may be subject to change without prior notice.

Oct. 30, 2008

TDK Corporation has announced that the Board of Directors today resolved to dissolve three subsidiaries: Achrathon Precision Technology Limited (Headquarters: Thailand), Magnecomp Technology Limited (Headquarters: Hong Kong) and Magnecomp Corporation (Headquarters: U.S.), as detailed below.

  1. Reason for Dissolution
    Magnecomp Precision Technology Public Company Limited (Headquarters: Thailand) as subsidiary of TDK designs, manufactures and sells suspension assemblies for HDD magnetic heads. MPT has decided to dissolve three subsidiaries to streamline its organization in a bid to raise management efficiency.
  2. Outline of MPT Subsidiaries to Be Dissolved and Dissolution Schedule
    (1) Company Achrathon Precision Technology Limited Magnecomp Technology Limited Magnecomp Corporation
    (2) Headquarters Thailand Hong Kong U.S.
    (3) Representative Albert Ong Kim Guan Albert Ong Kim Guan Albert Ong Kim Guan
    (4) Business activities Manufacture of Suspension assembly-related tools and jigs Manufacture of suspension assemblies Design of suspension assemblies
    (5) Established February 2002 June 1988 January 1984
    (6) Capital 20,000,000 baht HKD 270,315,000 US$ 431,157
    (7) No. of employees 0 0 39
    (8) MPT Shareholding 100% 100% 100%
    (9) Dissolution schedule Liquidation scheduled to be completed by the end of December 2009 Liquidation scheduled to be completed by the end of September 2009 Liquidation scheduled to be completed by the end of December 2008
  3. Impact on TDK
    This change will have a negligible impact on TDK's consolidated results.

For further information, contact the Corporate Communications Dept.
Tel.: 81-3-6778-1055
E-mail: pr@jp.tdk.com

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