Calsonic Kansei : Announcement on Distributions of Surplus from Consolidated Subsidiaries

To whom it may concern:

December 21, 2016

Company Name: Calsonic Kansei Corporation Representative: Hiroshi Moriya, President and CEO

(Stock Code: 7248, First Section of the Tokyo Stock Exchange)

Inquiries: Atsuhiko Akiyama, General

Manager of Financial Strategy & Planning Group, Global Finance Division

TEL. [phone]

Announcement onDistributionsof SurplusfromConsolidatedSubsidiaries

Calsonic Kansei Corporation (the "Company") hereby announces that it will receive distributions of surplus from CKK Corpoartion and Calsonic Kansei North America, Inc., which are consolidated subsidiaries of the Company.

1. Details of Dividends

   Company Name	Dividend Amount	Effective Date
   CKK Corporation	¥3,857 million	December 20, 2016
   Calsonic Kansei North America, Inc.	¥29,839 million (Note)	December 20, 2016
   Total	¥33,696 million

   (Note) Convert $256,902 thousand into yen at a rate of ¥116.15 per dollar (an exchange rate as of December 20, 2016).

2. Future Prospects

The Company will recognize ¥33,696 million in dividends received as non-operating income in the Company's non-consolidated accounting for the fiscal year ending March 2017.

The Company stated in the "Announcement Concerning Opinion on Tender Offer by CK Holdings Co., Ltd." dated November 22, 2016, regarding the tender offer (the "Tender Offer") from CK Holdings Co., Ltd. (the "Offeror") targeting the common stock of the Company, that, in light of the proposal from the Offeror, and conditional on the completion of the Tender Offer, the Company plans to make a distribution of surplus (the "Special Dividend") with the amount per share being approximately ¥570 (provided that the maximum amount shall be ¥570) upon setting the record date for a date prior to the tender offer commencement date. In connection with the Special Dividend, the Company is to conduct provisional settlement of accounts, setting the last day of December 2016 as the provisional settmlement date (preparation and approval provisional financial statements), and the Company will also recognize the abovementioned dividend as non-operating income in the provisional sttelement of accounts.

The dividend received from the consolidated subsidiaries of the Company will not have any impact on the Company's consolidated financial results for the fiscal year ending March 2017.

End

Note: This is an English translation of the Japanese press release disclosed to Tokyo Stock Exchange. If there is any inconsistency between the English and the Japanese releases, the Japanese-language documentation will prevail.