Dear Sir,

It is with deep regret that I have to bid farewell to you as I shall be leaving Indonesia shortly to take up a new assigment in Japan.

It has been a wonderful experience with lots of excitements and challenges over the past 4 years, which I will cherish forever.

I would like to take this opportunity to express my sincere thanks and appreciation for your kind cooperation, invaluable support and warm friendship, which you have extended to me during my stay in Indonesia.

It is my great pleasure to introduce my successor Mr. Shuichi Hori to you as President Director. I sincerely hope that you would continue to extend to him the same hospitality, support and cooperation you have so kindly accorded to me.

I look forward to seeing you again in the future and I wish you and your family good health, happiness and prosperity in the years ahead.

Sincerely yours

Satoshi Kawanami

President Director