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Completion of Acquisition of U.S. Filter Manufacturer Flanders

28 April 2016

In regards to its announcement on February 9, 2016, Daikin Industries, Ltd. announces that it has obtained all equity interest for Flanders Holdings LLC effective April 27, 2016 (local time), through its subsidiary American Air Filter Company Inc. and has completed its acquisition. The acquisition price was 430 million dollars.

This acquisition will be reflected in the company's consolidated financial settlement from March 31, 2017.

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