RNS Number:3033M
Takefuji Corporation
13 June 2003

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


Takefuji Announces comments on various publications.

Tokyo, June 13, 2003.

Various publications have today reported that a group of lawyers who have been
campaigning for a reduction in the legal interest rate ceiling under the
Contributions Law have filed an indictment with the special investigation
department of the Tokyo district public prosecutor's office, accusing the
Chairman of Takefuji Corporation and others of violating the Telecommunications
Business Law.

The indictment is based on testimony from and tape recordings supplied by Mr.
Kazuhiro Nakagawa, a former employee of Takefuji Corporation, who has been
arrested by the Metropolitan Police on the 20th May on suspicion of attempting
to extort money from the Company. It seems at this stage that the tape
recordings in question may have been in part made by Nakagawa on his own
initiative while he was an employee of the company, and in part fabricated later
with malicious intent.

In any case, there are absolutely no grounds for Takefuji Corporation to be
accused in this matter, as the Chairman of our Company gave no instructions
whatsoever for any taping of phone conversations, and as a company we have not
engaged in telephone tapping.

Takefuji Corporation intends to cooperate fully with the special investigation
department of the Tokyo district public prosecutor's office, to ensure that the
full truth of this matter is established.

It should be noted that Mr. Nakagawa was rearrested on Tuesday, 10th June for
the misappropriation of documents including customer information which he
removed from the Company's premises.


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

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