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FTSE Mondo Visione Exchanges Index:

Tokyo Stock Exchange: Calculation Of TOPIX And Its Sub-Indices In Relation To Stock Of ITO EN, LTD.

Date 16/08/2007

On July 26, 2007, ITO EN, LTD. (First Section, Code 2593: hereinafter the “Company”) announced that it will issue shares of preferred stock (Code 25935) to all shareholders at a rate of 0.3 shares of preferred stock per 1 share of common stock with a base date of August 31, 2007.

The Tokyo Stock Exchange will calculate TOPIX and its sub-indices according to the following method on the ex-rights date (August 28, 2007)

 

1. Handling of price and the number of listed shares of the Company used for index calculation on the ex-rights date

Implementation of Adjustment After close of trading on August 27, 2007
( One business day before ex rights date)
After close of trading on September 7, 2007
Price (Beginning of calculation) Price normally used for index calculation?closing price etc. on August 27, 2007?/1.3 (*1) Price normally used for index calculation
Number of listed shares Number of listed shares for index calculation on August 27, 2007 *1.3 Total number of listed shares used for index calculation less those added after close of trading on August 27, 2007(*2)

(Note)

(*1)? After the beginning of trading of the Company’s common stock on this day, handling of the price used for index calculation will be the same as normal, i.e. once an execution of the Company’s common stock is completed (including special quotes), the price used for index calculation from that point forward will be the relevant contract price or special quote price.
(*2)?Base Market Value (BMV) is adjusted by the number of listed shares added after close of trading on August 27, 2007.

2. Indices of which the Company is a constituent issue

TOPIX?TOPIX Mid400?TOPIX 500?TOPIX 1000?TOPIX Sector Index(Foods)?Sized based TOPIX Sub-Indices (Medium)