[30/October/2002]

Reciprocal stock purchases by Kajima and Tekken


Dear Sirs / Mesdames:


This is to inform that Kajima Corporation (hereafter Kajima) and Tekken Corporation (hereafter Tekken) have completed reciprocal purchases of stocks. Owning each other's stocks should serve to deepen and solidify the cooperative relationship between the two firms.

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.

Number of Tekken shares owned prior to this purchase: none (zero% of outstanding shares)

Number of Tekken shares purchased: 4,700,000 (approximately 3.00% of outstanding 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.

Number of Kajima shares owned prior to this purchase: none (zero% of outstanding shares)

Number of Kajima shares purchased: 1,200,000 (approximately 0.12% of outstanding shares)

N.B. JR East owns 15,782,000 shares of Tekken stock, or 10.07% of Tekken's outstanding shares.



Sincerely,

Kajima Corporation




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