Microsoft Word - 141224 Takata executive compansation ENG v1_NO&T_1

News Release

TAKATA CORPORATION TSE 7312

Notice regarding reduction of executive compensation

December 24, 2014 -Takata Corporation is deeply saddened by the fatalities attributed to defective Takata airbags, and apologizes for the widespread concern and inconvenience caused to the driving public. The Company has also recorded special losses due to substantial provisions for product warranties, resulting in a significant net loss for the first half of the fiscal year ending March 31, 2015 and a decision not to declare an interim dividend. In consideration of the above matters, the Company has resolved to implement the following reductions in executive

compensation.

Position

Reduction in compensation

Period of reduction

Chairman and President

Shigehisa Takada

50%

4 months

Director

Stefan Stocker

30%

4 months

Directors

Yoshiyasu Kikuchi

Noriyuki Kosugi

Hiroshi Nishioka

20%

4 months

*** ENDS ***

For further information, please contact: Investor Relations Office, Takata Corporation TEL +81 3 3582-9228

www.takata.com

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