Fuyo General Lease Co., Ltd. has established a new subsidiary in the UK. Purpose of Establishment: Corporate Name: Fuyo Lease Europe Ltd. Location: London, UK. Representative: Chairman & CEO - Miki Sasaki (Managing Executive Officer of the Company), President & COO - Yasushi Sekihara (General Manager of Renewable Energy Business Div.

of the Company). Business: Sales and marketing relating to renewable energy. Capital: GBP 500,000.

Shareholder: The Company 100%.