Tokyo Stock Exchange: To All Investors And Concerned Parties

Due to extenuating circumstances regarding system processing capacity, Tokyo Stock Exchange has conducted afternoon trading beginning at 1:00 p.m. since January 19 of this year. We deeply apologize for the inconvenience caused to investors and concerned parties due to these measures.

It has been pointed out that the discrepancy of the starting times for trading of cash transactions and futures transactions may be a factor causing disturbance to the market. In addition to working closely with the Osaka Securities Exchange, TSE will continue to diligently monitor the trading situation in the market, and will take strict measures should any improper trading be determined. Also, TSE will work to restore the afternoon session opening time to normal as quickly as possible while assessing system capacity augmentation and order/execution number circumstances.

We ask for your continued kind understanding in this matter.

Taizo Nishimuro
Chairman and CEO
Tokyo Stock Exchange

This English version announcement is not an officially accurate translation of the original Japanese announcement. In the case where any differences may occur in the English version, the original Japanese announcement will prevail. TSE shall not accept any responsibility for damages caused by any errors, inaccuracies, misunderstandings or misspelling with regard to the translation of the announcement. This announcement may be used only for reference purposes. Tokyo Stock Exchange, Inc. maintains the right to claim compensation from violators for any damages it may suffer from the violation of these conditions.