JAPAN-Nikkei-Time to go back up? Message Board

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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

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To: JakeStraw who wrote (3766)	5/25/2006 10:56:56 AM
From: Julius Wong	of 3902

You are welcome. ****** April 27, 2006 ADR ratio change announcement Honda Motor Co., Ltd. JPMorgan announced today that Honda Motor Co., Ltd (NYSE: HMC) has approved at the meeting of the board of directors held on April 26, 2006 a stock split of its common shares and a ratio change for its American Depositary Shares (ADSs). In conjunction with a two (2) for one (1) stock split of the Honda common shares, Honda announced that the ADS ratio will be changed from one (1) ADS to one half (0.50) of a common share, to a new ratio of one (1) ADS to one (1) common share. ADR effective date: July 3, 2006 Symbol: HMC Traded: NYSE Old ratio: 1 ADS: 0.50 common share New ratio: 1 ADS: 1 common share CUSIP: 438128 30 8 ISIN: JP3854600008 Share class: Common shares Country of incorporation: Japan Industry: Automobiles Depositary: JPMorgan Chase Bank, N.A. Custodian: The Bank of Tokyo - Mitsubishi Limited, Tokyo Because the stock split and ratio change will not impact the number of ADRs held, no new ADRs will be distributed. Existing ADRs will continue to be valid and will not have to be exchanged for new ADRs.

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