Result of AGM

RNS Number:8601M
Autobacs Seven Co.Ld
27 June 2003

                                 (Translation)



June 26, 2003

To Our Shareholders

Koichi Sumino
Representative Director
AUTOBACS SEVEN CO., LTD.
13-16, Mita 3-chome,Minato-ku, Tokyo


                              NOTICE OF RESOLUTIONS OF
                  THE 56TH ORDINARY GENERAL MEETING OF SHAREHOLDERS

Dear Sirs and Madams:

              Please be informed that the following matters were reported or
resolved at the 56th ordinary general meeting of shareholders of AUTOBACS SEVEN
CO., LTD. (the ''Company'') held on the date hereof:



Matters reported:                    Matters concerning report on the balance
sheet as of March 31, 2003 and the statement of income and the business report
for the 56th fiscal year (from April 1, 2002 to March 31, 2003)



              The above matters were reported.



Matters resolved:



            Agenda Item No. 1:     Matters concerning approval of proposed
appropriation of retained earnings for the 56th fiscal year



The matter has been resolved and approved in accordance with the original
proposal.  (The ordinary dividend is resolved to be JPY18 per share.)



            Agenda Item No. 2:     Matters concerning a partial amendment to the
Articles of Incorporation



The matter has been resolved and approved in accordance with the original
proposal.



            Agenda Item No. 3:     Matters concerning repurchase of its own
shares



The matter has been resolved and approved in accordance with the original
proposal.



            Agenda Item No. 4:     Matters concerning election of nine (9)
Directors



Mr. Hidehiro Ide, Mr. Koichi Sumino, Mr. Kozo Sumino, Mr. Hiroshi Sumino, Mr.
Yasuhiro Tsunemori, Mr. Akira Nogami, Mr. Takashi Matsuo, Mr. Hideaki Yokoi and
Mr. Setsuo Wakuda have been elected to assume their office in accordance with
the original proposal.



            Agenda Item No. 5:     Matters concerning election of four (4)
Corporate Auditors



Mr. Kenji Ogawa, Mr. Katsushi Koyama, Mr. Kotaro Morino and Mr. Harukuni Yoshida
have been elected to assume their office in accordance with the original
proposal.



            Agenda Item No. 6:     Matters concerning the grant of retirement
allowances to retiring Directors



The matter has been resolved and approved in accordance with the original
proposal.



                                                                           -End-







Re: Payment of Dividends

Please receive dividends for the 56th fiscal year by submitting the ''Payment
Notice of Dividends by Mail Transfer'' enclosed herewith within the payment
period (from June 27, 2003 to July 31, 2003).



To the person who has designated bank transfer

         Please acknowledge the ''Account Statement for Dividends'' and the
''Notice of Bank Account to which Dividends Shall be Transferred'' each enclosed
herewith.








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END

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