[30/October/2002] Dear Sirs / Mesdames:
1. Objectives Kajima, Tekken and East Japan Railway Company (hereafter JR East) formed an alliance on 5 April 2002 in order to pursue endeavours that are mutually beneficial. Kajima followed this up by dispatching senior managers to assist with Tekken's operations. The reciprocal purchases of stocks of approximately equal market value are intended to strengthen the alliance on a long-term basis. 2. Specifics a) Kajima's purchase of Tekken shares Kajima purchased on the open market 4,700,000 shares of Tekken stock on 30 October 2002, or approximately 3% of Tekken's outstanding 156,689,563 shares.
b) Tekken's purchase of Kajima shares Tekken has purchased on the open market 1,200,000 shares of Kajima stock as of 30 October 2002, or approximately 0.12 % of Kajima's outstanding 961,312,022 shares.
N.B. JR East owns 15,782,000 shares of Tekken stock, or 10.07% of Tekken's outstanding shares.
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