Press Release: LIXIL (5938:JP) AGM

Platinum Asset Management urges LIXIL shareholders to vote AGAINST AGM Proposal 1 and FOR AGM Proposals 2 and 3.

***Press Release - LIXIL AGM Vote***

Disclaimer: None of the foregoing announcement, press release or any other dissemination of information through our website or engaging in dialogue with other LIXIL shareholders in or through this website or any other method is intended to be, nor shall be deemed, a solicitation or request that shareholders jointly exercise their voting rights together with Platinum or with other shareholders.  Shareholders that have an agreement to jointly exercise their voting rights may be regarded as "Joint Holders" under the Japanese large shareholding disclosure rules of the Japanese Financial Instruments and Exchange Act ("FIEA"), in which case they may need to file notification of their aggregate share ownership with the relevant Japanese authority for public disclosure.
 
Platinum disclaims its intention to be treated as a Joint Holder with other shareholders under the FIEA by virtue of its act of expressing its views, opinions or by other activities which might constitute dialogue with other shareholders in or through this website or otherwise.
 
In addition, none of the foregoing announcement, press release or any other dissemination of information through our website or engaging in dialogue with other LIXIL shareholders in or through this website or any other method is intended to be, nor shall be deemed, a solicitation or request that other shareholders grant or deliver their proxies to Platinum for the upcoming LIXIL AGM.  Each shareholder is fully responsible for voting its own shares as it shall determine in its own judgment.