Share & IWF changes in S&P Japan SmallCap 250 and S&P Japan 500 Indices

Standard & Poor’s will make the following changes in the S&P Japan SmallCap 250 and S&P Japan 500 Indices effective after the close of trading, Monday August 14, 2006:

• Hokuetsu Paper Mills Ltd (Japan, SEDOL: 6433105, GICS: Materials, GICS Code: 15105020) a member of the S&P Japan SmallCap 250 and S&P Japan 500 indices, shares will increase by 50,000,000 to 214,052,054 and its IWF will be updated from 0.81 to 0.621 due to a private placement.

Following is a summary of the announced changes:

S&P Japan SmallCap 250 and S&P Japan 500 Indices – August 14th, 2006 after the market close
S&P Index	Company	New Shares	New IWF
S&P Japan SmallCap 250	Hokuetsu Paper Mills Ltd	214,052,054	0.621