Company Name Fujitec Co., Ltd. Representative Takakazu Uchiyama President & Chief Executive Officer Code No. 6406 Listed on TSE 1, OSE 1 I nquiry Yoshio Kitagawa Executive Operating Officer, General Manager, Finance HQ (TEL 0749-30-7111) Purchase of Fujitec Shares by Riverbank Holdings Corporation and UT Park View, I nc. Riverbank Holdings Corporation (RHC) and UT Park View, I nc. (UTP), both of which are US corporations, jointly submitted a report on large shareholdings to the Kanto Local Finance Bureau on December 21, 2007. According to this report, RHC purchases 11.17% of Fujitec shares, and they will jointly hold 15.97% of Fujitec shares, including the 4.8% investment that UTP already had. We understand that there has been no official public announcement concerning these purchases other than the above report on large shareholdings. We would however like to inform you of the facts that we know at this moment about the above share purchases as follows. We received a notice from Nippon Otis Elevator Co. (Nippon Otis) on December 20, 2007 and a notice on December 21, 2007 from RHC respectively that we believe are associated with the above purchases of our shares. The notice from Nippon Otis Elevator states that United Technologies Corporation (UTC) agreed on December 14, 2007 to purchase a substantial portion of Daltons common shares of Fujitec (no details about Dalton are available). By this purchase agreement, UTC is to acquire about 15.97% of Fujitec shares. Nippon Otis is the J apanese subsidiary of U.S.-based Otis Elevator Company, which in turn is a subsidiary of UTC. Whereas, The notice from RHC states that RHC, which is an affiliate of UTC, entered into a stock purchase agreement on December 14, 2007 with certain holders of shares of Fujitec represented and managed by Dalton I nvestments LLC to acquire 10,477,000 shares of Fujitec. No further comment was made concerning the relationship between RHC and UTC other than that RHC is an affiliate of UTC. As has already been announced, Fujitec has received a friendly management and employee buyout proposal from Dalton I nvestments LLC via the J MBO Fund Limited, which is managed by Dalton I nvestments LLC. We are still at the stage of examining this proposal, and Dalton I nvestments has given us no notification about its sale of our shares. We will promptly make further announcements whenever a new finding is confirmed about the above share purchases. Sincerely yours,
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