Stock acquisition

RNS Number:4443L
Toppan Printing Co Ltd
23 April 2005

(FOR IMMEDIATE RELEASE)



Toppan Printing Successfully Completes Acquisition of DuPont Photomasks

- Creating The World s Premier Photomask Business -



Tokyo, Japan, April 23, 2005, Round Rock, Texas, April 22, 2005 - Toppan
Printing Co., Ltd. (Toppan) (TSE: 7911) today announced it has successfully
completed the acquisition of DuPont Photomasks, Inc. (DuPont Photomasks)
(Nasdaq: DPMI).



Under the terms of the definitive agreement previously announced on Oct. 5,
2004, DuPont Photomasks shareholders will receive US$27.00 in cash per share.
The equity value of the transaction is approximately US$650 million
(approximately 68 billion Japanese yen) on a diluted basis. The acquisition was
approved by shareholders of DuPont Photomasks on March 28, 2005.



Effective immediately, DuPont Photomasks becomes a wholly owned subsidiary of
Toppan, named Toppan Photomasks, Inc. The company will continue to be
incorporated in Delaware and remain headquartered in Round Rock.



Toppan will combine its existing photomasks business with that of Toppan
Photomasks. Together, the combined businesses will form the world's largest and
premier manufacturer of photomasks, a critical component in the manufacture of
semiconductors.



Akihiro Nagata, a senior managing director of Toppan and head of Toppan's
Electronics Division, has become chairman of the Toppan Photomasks board of
directors.   Marshall Turner continues as chief executive officer.



Akihiro Nagata, chairman of Toppan Photomasks, said, Toppan has positioned its
photomasks business as a key engine for future growth.  Through this
acquisition, Toppan has moved to meet an evolving need among semiconductor
manufacturers for comprehensive photomask product supply based on an advanced
technology development capability, through a global network.  The combination of
Toppan Photomasks with Toppan's existing photomask business will create the
world's premier photomask manufacturer, and will bring about significant
synergies, providing enhanced access to customer business and increased cost
efficiencies.  We believe this transaction will not only benefit customers but
will also contribute to the overall development of the semiconductor industry.



Marshall Turner, president and chief executive officer of Toppan Photomasks,
said, The combination of Toppan and DuPont Photomasks creates the world's first
truly global photomask supplier. We are excited to offer customers access to the
most advanced and geographically distributed network of photomask manufacturing
locations across North America, Europe, Japan and Asia. We will not take our
leadership position lightly. Together, we will continue to innovate, providing
the semiconductor industry with unique and comprehensive solutions to the
challenges of today, and for many years to come.





About Toppan Photomasks

Toppan Photomasks was formed in 2005, when Toppan Printing Co., Ltd acquired
DuPont Photomasks, Inc. The combination of Toppan Photomasks with the photomasks
business of Toppan Printing forms the world's premier photomask provider. Based
in Round Rock, Texas, Toppan Photomasks offers a comprehensive range of
photomask technologies, and research and development capabilities, as well as
the most advanced and largest network of manufacturing facilities in the
industry. Strategically located manufacturing facilities are operated in Japan,
China, Korea, Singapore, Taiwan, United States, Germany and France. Toppan
Photomasks is a wholly owned subsidiary of Toppan Printing. For more information
visit  www.photomask.com.



About Toppan Printing

Founded in 1900, Toppan Printing has branched into eight diverse business fields
including security cards, commercial printing, publications printing,
e-business, packaging, decorative materials, electronics and optronics. In the
fiscal year ended March 31, 2004, Toppan posted revenues of 1,297.4 billion
Japanese yen (approximately US$11.8 billion) and ended the year with
approximately 32,000 employees. For more information visit www.toppan.co.jp.





Media Contacts

Toppan:  Public Relations Department: Tel: +813 (3835) 5630, 
Email: kouhou@toppan.co.jp

Toppan Photomasks: Tom Blake: Tel: +1 (512) 310 6562






                      This information is provided by RNS
            The company news service from the London Stock Exchange
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