June 22, 2006 Credit Saison Co., Ltd. Representative Director, President and CEO: Hiroshi Rinno Code number: 8253 (First Section, ) Contact: Harumi Okada, General Manager of Public Relations Office Tel.: +81-3- 3982-0700

Comprehensive Alliance with Yamada Denki in Credit Card Business Credit Saison’s First Large-Scale Post-Merger Alliance for UC Brand

Credit Saison Co., Ltd. (Head Office: Toshima-ku, Tokyo; President: Hiroshi Rinno) announces the formation of a comprehensive alliance with Yamada Denki Co., Ltd. (Head Office: City, ; President: Noboru Yamada) in the credit card business.

On June 30, 2006, Credit Saison will establish Yamada Financial Co., Ltd. through joint investment with Yamada Denki. In addition, Credit Saison has concluded a basic agreement regarding an alliance card with Yamada Financial, and will begin accepting applications on July 22, 2006 for the “Yamada LABI Card,” an alliance card through UC (MasterCard) to be issued by Credit Saison.

This alliance will be Credit Saison’s first large-scale alliance under the UC brand since its merger with UC Card Co., Ltd. (card issuance business) in January 2006. In addition to rapidly expanding Credit Saison’s alliance network, the alliance with Yamada Denki, a leading mass retailer of home electronics with 320 stores throughout , will offer appealing services such as use of cellular phones as credit cards. Looking forward, Credit Saison will make maximum use of its full corporate network in its aggressive alliance strategy.

■ Details of the alliance consist of the following two points.

1. Establishment of Yamada Financial Co., Ltd. through Joint Investment The parties have decided on the arrangements to establish Yamada Financial Co., Ltd. as a new company on June 30, 2006, with an investment ratio of 66 percent from Yamada Denki and 34 percent from Credit Saison, in order to conduct smooth business management and maximum deployment of the strengths of both companies, as inextricably linked partners in the credit card business. Both companies will conduct activities including dispatching employees to Yamada Financial, carrying out cardholder application and marketing activities, and managing Yamada Denki’s original point system.

New Company Overview

Name Yamada Financial Co., Ltd. Address 40-11, Hiyoshi-cho 4-chome, Maebashi City, Gunma Prefecture Directors Kiichi Makishima, President and Representative Director (Currently Statutory Auditor, Yamada Denki Co., Ltd.) Toru Yamada, Managing Director (Currently in Personnel Dept., Credit Saison Co., Ltd.) Yoshihiro Sakairi, Director (Currently Deputy General Manager, Finance Dept., Yamada Denki Co., Ltd.) Jun Okamoto, Auditor (Currently Advisor, Yamada Denki Co., Ltd.) Paid-in Capital ¥50 million Business Credit card business Established June 30, 2006 (scheduled) Investment Ratio Yamada Denki Co., Ltd. 66%, Credit Saison Co., Ltd. 34%

2. Overview of “Yamada LABI Card” Through its alliance with Yamada Financial, Credit Saison will issue the “Yamada LABI Card” under the UC brand. This credit card adds new features and services for Yamada Denki’s customers. Credit Saison will issue the cards and cooperate with Yamada Financial on solicitation of card applications and promotional activities incorporating the card. The name “LABI” originates from Yamada Denki’s new concept of “Life Ability Supply,” or offering ideal lifestyle options to customers. In addition to appealing new services such as points for purchases made using mobile phones, customers can use UC Internet services.