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Jul. 01, 2011

Toyo Tires Completes Acquisition of Equity Interest in China-based Silverstone Company (Follow-up on previous announcement)

Osaka, Japan – 30 June, 2011 – TOYO TIRE & RUBBER Co., Ltd. (President and CEO: Kenji Nakakura), announced that pursuant to the announcement of April 12, 2011 “Toyo Tires to Acquire 75% Equity Interest in China-based Tire Manufacturer, Shandong Silverstone Luhe Rubber & Tyre Co., Ltd.,” the acquisition of 75% equity interest has now been completed, and the Shandong Province Industrial and Commercial Bureau has issued a business permit.

1. Overview of the Company Acquired
(1) Entity Name: Toyo Tire (Zhucheng) Co., Ltd.
Name changed from “Shandong Silverstone Luhe
Rubber & Tyre Co., Ltd.”
(2) Location: Luzhou Zhucheng River Industrial Park
Zhucheng City, Shangdong Province
People’s Republic of China
(3) Representative: Chan Ho Wai, Chairman
(4) Nature of Business: Manufacture and sales of automobile tires
(5) Paid-In Capital: 330,138,000 Yuan RMB
(6) Capital Percentage: 75%
(7) Date Established: December 21, 2004

2. Percentage of Equity Interest Owned before and after Acquisition
(1) Equity Interest before Acquisition: 0%
(2) Equity Interest after Acquisition: 75%

3. Date Equity Interest Acquired: June 22, 2011

4. Date Business Permit Obtained: June 29, 2011

5. Impact on the Business Results:

The impact of this acquisition upon Toyo Tires’s Consolidated Business Results for the Fiscal Year
ending March 2012 would be minimal.



TOYO TIRE & RUBBER CO., LTD. CORPORATE COMMUNICATIONS PLANNING
Osaka Head office Telephone: +81-72-789-9100 Facsimile: +81-72-773-3272
Tokyo office Telephone: +81-3-5822-6621 Facsimile: +81-3-3865-2240

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