Treasury Stock

Maruwa Co Ld
12 November 2007


                                                                12 November 2007
MARUWA CO., LTD.
3-83 Minamihonjigahara-cho, Owariasahi-city, Aichi-pref. 488-0044 JAPAN

                                          (Translation)

                           Notice concerning the repurchase of shares

MARUWA announced the Board of Directors at the meeting on 12 November 2007 resolved the
repurchase of shares pursuant to the provisions of Article 165-3 and Article 156 of the Corporate
Law of Japan.  Details are as follows;

1. Reason for repurchase                      To implement flexible capital management in
                                              response to changes of business environment.
2. Details of repurchase
(1) Class of shares to be repurchased         Common stock
(2) Total number of shares to be repurchased  Up to 300,000 shares
                                              (% to total number of shares issued: 2.77%)
(3) Total amount of repurchase price          Up to 550 million yen
(4) Date of repurchase                        From 13 November 2007 to 30 May 2008

(Reference)
   Total number of own shares as of 31 October 2007
   - Total number of shares issued (not including own shares)       10,812,460
   - Total number of own shares                                     259,540
                                                                                             END.





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