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Press Release

November 11, 2003

Torii Pharmaceutical Co., Ltd.
Notice Concerning Completion of Acquisition Company's Own Shares
Through ToSTNet-2
Torii Pharmaceutical Co., Ltd. announced the acquisition of its own shares made in accordance with the announcement of November 10, 2003. The transaction took place today as detailed below.

1.Type of shares acquired: common stock
2.Total number of shares acquired: 486,000 shares
3.Purchase price: ¥1,718 per share
4.Total value of acquisition: ¥834,948,000
5.Acquisition date: November 11, 2003
6.Method of purchase : Through ToSTNet-2 (closing price transaction) of the Tokyo Stock Exchange

(1) Resolution at the ordinary general meeting of shareholders held on June 24, 2003
Type of shares to be acquired:
Total number of shares to be acquired:
Total value of shares acquired:
common stock
1,000,000 shares (maximum)
¥1,800,000,000 (maximum)
(2) Progress as of November 11, 2003
Total number of shares acquired:
Total value of acquisition :

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