News Release

Yamanouchi Pharmaceutical Co., Ltd.

Yamanouchi Completes Transfer of Shares of Bear Creek Corporation

June 18, 2004

Tokyo -June 18, 2004- Yamanouchi Pharmaceutical Co., Ltd. ("Yamanouchi"; President and CEO: Toichi Takenaka) announced that it has completed the transfer of all shares of Bear Creek Corporation, which deals with foods and flowers, to Wasserstein & Co., LP in accordance with the company's decision on April 2, 2004 to transfer the consumer products business (supplements, personal care products, and foods and flowers) of its US subsidiaries.

This transfer, which follows the one completed in May of other subsidiaries engaged in supplements and personal care products business, completes the company's withdrawal from the consumer products business.