85GQ Anz Bank 43

RNS Number:8446T
Nippon Sheet Glass Company Limited
07 May 2008

                   Outcome of Enhanced Early Retirement Plan



NSG Group, (hereinafter -the Company-) announces that the outcome of the
Enhanced Early Retirement Plan (EERP) in Japan, which was announced on 28th
February 2008, is as follows.



1.     Summary of the Plan

1)      Eligible employees:  all managerial employees in Japan (approximately
820)

2)      Application period:  from 6th March to 18th April 2008

3)      Expected date of retirement:  The majority of the retirements will be
between 31st May and 31st July 2008



2.  Outcome of the Plan

1)      Number of managers to retire under the Plan:  Approximately 220
employees

2)      Cost to be incurred:  Approximately JPY 12.5 billion (to be recognized
as an extraordinary charge, on both consolidated and non-consolidated basis, in
the fiscal year to March 2008 )



3.     Impact on the operation

The implementation of the Companyfs Medium-term Plan strategy requires that we
improve our operational performance and competitiveness across the Group.  The
EERP was offered because we need to reduce our cost base and simplify the
organization in order to be more efficient in Japan.



The resulting approximate annual cost reduction is estimated at JPY 2 billion in
FY2009,    JPY 3 billion in FY2010.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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