To all the members

Name of the Company Daiwabo Information System Co., Ltd. Representative Hirokazu Matsumoto, President and CEO (Code # 9912, Tokyo and Osaka Stock Exchange, 1st Section) Head Office 3-2-5, Hommachi, Chuo-ku, Osaka

Personnel Changes in Subsidiary's Directors

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The following personnel changes were made on May 29, 2003, in a subsidiary's directors.

1.Personnel Changes (May 29, 2003,) Name of Subsidiary: DIS Logistics Co., Ltd. (Capital 50,000,000 yen. 100% owned by Daiwabo Information System Co., Ltd.)

New Title Name Former Title Director Sotoo Takano Representative Director President and CEO Representative Director President and CEO Yoshinobu Kadota Senior Managing Director

Reference Personnel & General affairs section (public relations) Koyama PHONE +81-6-6281-9100 FAX +81-6-6258-9351

May. 29, 2003