Announcement of Changes in Executive Personnel

TOA Corporation (Headquarters: Kobe, Japan, President, C.E.O.: Kenji Itani) hereby announces that at the Board of Directors meeting on May 29, 2014, the following change in executive personnel was decided.
This decision will officially take effect after approval by the 66th regular Shareholders' meeting, scheduled for June 25, 2014.

1. New candidate for Audit & Supervisory Board Member
   Audit & Supervisory Board Member
   Akira Michigami
2. Retiring Audit & Supervisory Board Member
   Audit & Supervisory Board Member
   Iheiji Ando

(Note: Mr. Ando is stepping down because his term of office has expired.)