News Releases

To all the members
Name of the Company Daiwabo Information System Co., Ltd.
Representative Hirokazu Matsumoto, President and CEO
(Code No. 9912, First Section of Tokyo Stock Exchange/Osaka Securities Exchange)
Head Office 3-2-5, Hommachi, Chuo-ku, Osaka
Contact person Koyama (Yoshio),
General Affairs Sect.(Public Relations)
PHONE +81-6-6281-9100

Notice of Subsidiary Reorganization Aimed at Strengthening the Solution Business

Daiwabo Information System (Head office: Chuo-ku, Osaka; President and CEO: Hirokazu Matsumoto) reorganized dormant subsidiary Osaka Internet Co., Ltd., on October 5, 2004.

1. Overview of New Subsidiary
1 Name DIS Solution Co., Ltd.
2 Address 1-20-10 Ohi, Shinagawa-ku, Tokyo
3 CEO & President Sachio Takai
4 Main business (1) Network building
(2) Systems development
(3) Software development
(4) Infrastructure design and installation
(5) Maintenance and operation
(6) Electrical communications
5 Capital Yen95 million
6 Ownership Wholly owned subsidiary of Daiwabo Information System

2. Date of Reorganization
The company was reorganized on Oct. 5, 2004.

Personnel & General affairs dept.
General Affairs Sect.(public relations) koyama (Yoshio)
PHONE: +81-6-6281-9100
FAX: +81-6-6258-9351

October 5, 2004