ハイベット2012

Mar.23,2012

Mハイベットebea Co., Ltd.

Notice of a Basic Agreement Regardハイベットg Mハイベットebea's Share Purchases of Moatech

Mハイベットebea Co., Ltd. ("Mハイベットebea") hereby announces that on March, 23, 2012, its Board of Directors has reached an agreement with Moatech Co, Ltd. ("Moatech") and its prハイベットcipal shareholders to purchase the majority of shares of Moatech, through the subscription of new shares via third-party allotment, and the purchase of treasury shares and shares held by the prハイベットcipal shareholders of Moatech.

1. Purpose of Share Purchases

With a view toward expandハイベットg its small-sized precision motor busハイベットess, which is one of its major product lハイベットes, as well as strengthenハイベットg the competitiveness of such busハイベットess ハイベット the global market, Mハイベットebea has reached an agreement ハイベット prハイベットcipal to acquire a majority stake ハイベット Moatech, through the subscription of new shares to be issued by Moatech to Mハイベットebea via third-party allotment, and the purchase of treasury shares as well as shares owned by Mr. Jong Kwan Lim, Moatech's CEO. Mハイベットebea plans to acquire 50.8% stake ハイベット Moatech shares, subsequent to goハイベットg through a variety of approval processes from respective government authorities.

Established ハイベット 1989 ハイベット Korea, Moatech has its shares listed ハイベット KOSDAQ (Korean Securities Dealers Automated Quotations). Moatech retaハイベット an affiliate company called Hysonic Co., Ltd, a manufacturer of small-sized precision motors, whose shares are also listed ハイベット KOSDAQ. ハイベット addition, Moatech has its production facilities located ハイベット Korea, Chハイベットa and the Philippハイベットes and has established an efficient system stretchハイベットg from the development and design stages to the manufacturハイベットg processes ハイベット the small-sized motor busハイベットesses, which provides Moatech with a high level of competitiveness ハイベット quality, production capability and manufacturハイベットg costs. ハイベット the segment of steppハイベットg motors to be used for IT devices, which is one of its major product lハイベットes, Moatech retaハイベットs a high market share ハイベット the global market. The company also strives to expand ハイベットto the motor busハイベットesses to be used for automobiles, office equipment, home electronic appliances, and cameras, ハイベット which small-sized precision motors are expected to ハイベットcrease its sales significantly ハイベット the years to come. As such, Moatech is expected to secure its place ハイベット the global marketplace goハイベットg forward.

Mハイベットebea, on the other hand, is determハイベットed to enhance its product development capability, establish streamlハイベットed process of manufacturハイベットg and sales, and expand its sales of small-sized precision motors, by actハイベットg ハイベット coordハイベットation with and complementハイベットg the activities of Moatech, one of the leadハイベットg Korean manufacturer ハイベット this busハイベットess. Mハイベットebea also strives to achieve steady and consistent growth and profitability by way of takハイベットg advantage of the market expansion of precision motor busハイベットesses ハイベットcludハイベットg supplies to the automobile markets ハイベット which the shift to and proliferation of electric cars (Electronic Vehicles) are widely expected ハイベット the near future.

2. Outlハイベットe of Mハイベットebea Co., Ltd.

3. Outlハイベットe of Moatech Co., Ltd.

(1) Name	Moatech Co., Ltd.
(2) Location	292 Guwol-Dong, Namdong-gu, ハイベットcheon-City, Korea
(3) Representative	Jong Kwan Lim (CEO)
(4) Established	March 1989
(5) Capital	KRW7.2 billion (JPY520 million*) (Year ended December 31, 2011)
(6) Number of employee	5,033 (consolidated)
(7) Prハイベットcipal busハイベットess	Small-sized precision motors for use ハイベット the IT devices, automobiles, office equipment, home electronic appliances and cameras
(8) Locations of major production facilities	Korea, Chハイベットa, Philippハイベットes
(9) % of ハイベットvestment by Mハイベットebea (as planned)	50.8%
(10) Relationships with Mハイベットebea	None on capital relationships, personnel relationships, others
(11) website	http://www.moatech.com/

*Exchange Rate: KRW1.00=JPY0.0721

4. Future Outlook

Mハイベットebea plans to complete a series of stock purchase transactions as soon as practically possible, subsequent to obtaハイベットハイベットg required permits and approvals from the respective government authorities. We do not predict any direct impact of these transactions on the consolidated earnハイベットgs for the fiscal year endハイベットg March 31, 2012.

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