Press Release

Press Release

July 30, 2009

NSK Ltd.
CSR Division Headquarters
Public Relations Department

Announcement of Establishment of a New Subsidiary in China

Tokyo, Japan, July 30, 2009 - NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Norio Otsuka) has announced that a decision was made by its Board of Directors on July 30, 2009 to establish a new subsidiary in China. Details are as follows:

Objective

NSK plans to establish a new production subsidiary in China in anticipation of growth in the market for precision machinery such as ball screws and linear guides in China and other emerging economies. Through this subsidiary, the company aims to expand its precision machinery business by supplying both the Chinese and global markets with high-quality, cost-competitive products in a timely and stable manner.

Outline of the subsidiary

The profile of the center is as follows:
Company name Shenyang NSK Precision Co., Ltd.
Representative Shuichi Kobayashi, Chairman and CEO (Representative Director & President, NSK Kyushu Co., Ltd.)
Location Shenyang City, Liaoning Province, China
Date of establishment August 2009 (provisional)
Major operations Manufacture and sale of precision machinery, etc.
Number of employees Approximately 600
Capital 20 million dollars (approx. 2.2 billion Yen)
Equity investment ratio NSK (100%)
Plant scale The plant will have a ground area of about 70,000 ㎡ and a building area of about 36,000 ㎡ (provisional)
Start of operations April 2010 (provisional)

Outlook

The establishment of this subsidiary will have only a minor effect on the consolidated financial results for the current term.