Indictment

RNS Number:7107T
Takefuji Corporation
30 December 2003


Indictment against Takefuji Corporation
                                                                25 December 2003

Following the indictment brought recently against Mr. Yasuo Takei, ex-
Chairman and CEO of Takefuji Corporation ("the Company"), who has already
been charged with violating the Telecommunications Business Law by
wiretapping, the Tokyo District Public Prosecutors Office decided on December
25th 2003 to prosecute the Company on the same count.

The indictment against the Company has been brought based on the principle of
"joint penalty for employer and employee" in circumstances where actions were
taken on the instruction of a representative director of the company.

We would like to offer our profound apologies and regrets for all the concern
caused to our customers, shareholders and investors by these developments. At
this juncture, we will make all possible efforts to drastically review our
compliance structure and functions, specially by inviting a number of
well-qualified independent members to join our Compliance Committee and by
establishing an information hotline, which gives the Company's employees access
to outside legal counsel, in order to prevent a recurrence of similar incidents.

Going forward, we intend to ensure that all our executives and employees take
full responsibility for understanding and complying with all relevant rules and
regulations. We aim to create a business culture in which staff can take
remedial action on their own.







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

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