Business merger of JFE Advantech and JFE Alec

News Release (December 10, 2009)

JFE Advantech Co., Ltd. and JFE Alec Co., Ltd. have signed a contract about business merger on December 10,2009. The merger comes into effect on April 1, 2010 and surviving company is
JFE Advantech Co., Ltd. The purpose is operational synergy and cross-technical synergy between JFE Advantech's land water business and JFE Alec's maritime issues business.
The new JFE Advantech Co., Ltd. will have two main excellence, excellent technology of sensor and manufacturing prowess. In addition, we have wide variety of industrial experience from urban installations such as water supply and sewerage systems to deep sea observation. We will provide unique equipment based on them timely and effectively by customer's any request.


JFE Alec Co., Ltd.

ˇHead office 7-2-3, Ibukidai- Higashi, Nishi-ku, Kobe city, Japan
President: Mr. Kazushi Baba
Capital: 21 million JPY(100% subsidiary company)
Annual business: 1,200 million JPY
Employee: 54 person
ˇestablished brand of oceanographic observation equipments
ˇmajor shear holder for main products in Japanese market

Surviving company: JFE Advantech Co., Ltd.

ˇHead office 3-48 Takahata-cho, Nishinomiya city, Japan
President: Mr. Masahisa Kasai
Capital: 320 million JPY
Annual business: 5,200 million JPY
Employee: 273 person