RNS Number:4786L
Takefuji Corporation
23 May 2003


For release Immediately
Representative Akira Kiyokawa, President
Contact Investor Relations
Tel 81333658011 Fax 81333658070
Stock Code No 8564 TYOSE

On 23rd May, 2003, Tokyo, Japan
Takefuji Corporation ("Takefuji" or the "Company")
Exercise of Over-Allotment Option

Further to the announcement of 21st May 2003 regarding the completion of
Takefuji's Yen33 billion Euroyen convertible bond issue, the Company is pleased
to announce that Credit Suisse First Boston has today exercised the 
over-allotment option of Yen5 billion principal amount of the bonds. 
Following the exercise of this option the size of the convertible bond issue 
is Yen38 billion.

STABILISATION/FSA
This press release has been issued by Takefuji Corporation and is directed in
the United Kingdom exclusively at persons who have professional experience in
matters relating to investments falling within Article 19 of the Financial 
Services and Markets Act 2000 (Financial Promotion) Order 2001. The information 
in this press release is not to be considered to constitute any advice or 
recommendation with respect to such investments or other financial instruments. 
Credit Suisse First Boston is acting for Takefuji Corporation and no one else 
in connection with the offer of the bonds and will not be responsible to any 
other person for providing the protections afforded to their respective clients, 
or for providing advice in relation to the proposed offer.

These materials are not an offer of securities for sale into the United States
or elsewhere. The securities may not be offered nor sold in the United States or
to, or for the account or benefit of, U.S. persons (as such term is defined in
Regulation S under the Securities Act) unless they are registered or exempt from
registration.

There will be no public offer of securities in the United States.
Not for distribution in or into the United States, Canada, or Japan.






                      This information is provided by RNS
            The company news service from the London Stock Exchange

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