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| February 12, 2008 | ||||||||||
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| On the Receipt of a Response to a Request for Additional Information |
| On January 18, 2008, Daiwabo Information System asked Effissimo Capital Management Pte Ltd. (hereafter referred to as Effissimo) for additional information in accordance with the procedure for requesting the disclosure of information that we announced in our press release of December 7, 2007 titled "Notice of Introduction of a Procedure for Requesting Information Disclosure for Purchase of Our Stocks" (hereafter referred to as the policy). On February 12, 2008, we received a response to our request for additional information from Effissimo. As mentioned in our press release of January 31, 2008 titled "Submission of a Change Report of January 30, 2008 from Effissimo," we received a letter from Effissimo stating that Effissimo has not changed its intention to reject cooperation with the policy. As regards holding in excess of 20% of the shares on the date when this policy became effective, the policy asked Effissimo not to purchase stocks that would increase their share by more than 1% until the end of the policy review period. However, Effissimo continued to purchase our stocks even after December 7, 2007 when the policy was introduced, and increased their share by about 9%. As a result, Effissimo's share reached 32.79% (33.24% of total shareholder voting rights) as of January 29, 2008. We will continue to discuss our response to this issue in accordance with the policy from the viewpoint of corporate value, which means securing and increasing the benefit to the shareholders, taking into consideration opinions from an independent committee. |
Reference General Affairs Dept. Koyama (Yoshio) PHONE: +81-6-6281-9100 FAX: +81-6-6258-9351 |
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