Mori Trust Co. Ltd. made an offer to acquire an additional 25.92% stake in Nihon Eslead Corporation (TSE:8877) from Aramaki Co.,Ltd. and other shareholders for ¥4 billion on January 25, 2013. Mori Trust will pay ¥1000 for each share of Nihon Eslead and will acquire a minimum of 2.79 million shares. Pursuant to the transaction, Mori trust will own 58.32% stake in Nihon Eslead. The tender will commence from January 28, 2013 to March 11, 2013. Mori Trust has entered into an agreement with Aramaki Co., Ltd. for Aramaki to tender its 8.79% stake in Nihon Eslead to Mori Trust as part of the tender offer. Sugio Aramaki, President and Representative Director of Nihon Eslead will retain his position and other Directors and auditors will also retain their positions. Tomoyuki Honda, external Director of Nihon Eslead, will continue to participate in the management as external Director. All the employees will also retain their employment.

The transaction has been resolved by the Board of Directors of Nihon Eslead. SMBC Nikko Securities Inc. acted as financial advisor and Kitahama Partners acted as legal advisor for Nihon Eslead. Mizuho Securities Co., Ltd. acted as tender offer representative.

Mori Trust Co. Ltd. completed the acquisition of an additional 21.31% stake in Nihon Eslead Corporation (TSE:8877) from Aramaki Co.,Ltd. and other shareholders for ¥3.3 billion on March 11, 2013. As of March 11, 2013, a total of of 3.29 million shares were tendered.