Brussels, April 13, 2006 -- RHJ International ("RHJI") completed the acquisition announced on March 28th, 2006, of 6,400,000 shares of U-SHIN Ltd. ("U-SHIN"; listed on the First Section of the Tokyo Stock Exchange Code: 6985), a manufacturer of electrical components for automobiles, with respect to the acquisition of shares in U-SHIN through the third party allotment as initially planned.
The investment of 6,400,000 U-SHIN shares at 1,244 yen per share, amounts approximately to 8.0 billion yen in total. Such acquisition represents about 20% of U-SHIN's outstanding shares, which makes RHJI the largest shareholder of U-SHIN. In addition, after an extraordinary shareholders' meeting which is to be held on June 16, 2006, Keisuke Takebe, former Representative Executive Officer and President of Niles Co., Ltd. ("Niles"), is expected to be appointed as a President and Representative Director of U-SHIN. Mr. Takebe stepped down as the Representative Executive Officer and President of Niles as of April 1, 2006 and Tsutomu Takamiya was appointed as the Representative Executive Officer and President of Niles as of the same date. Mr. Takebe will remain in Niles as part-time Director. In addition to the appointment of Mr. Takebe for President and Representative Director, RHJI will appoint candidates for one part-time Director and one part-time Statutory Auditor at U-SHIN to strengthen its long-term affiliation with U-SHIN in the future.
About RHJ International RHJ International (Euronext: RHJI) is a limited liability company organized under the laws of Belgium, having its registered office at Avenue Louise 326, 1050 Brussels, Belgium. It is a diversified holding company focused on creating long-term value for its shareholders by acquiring interests in businesses in attractive industries in Japan and elsewhere.
For further information please contact:
Investor Relations Contact: Media Inquiries: Arnaud Denis Kuse, Publication Officer (Tokyo) RHJ International Tel: +81 90 5432 6755 e-mail : firstname.lastname@example.org +81 3 3536 2688
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