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June 20, 2005
eAccess Ltd.
(Code Number: 9427)

Determination of Shareholders Entitled to Receive Stock Options Under the eAccess Rights Plan

eAccess Ltd. (the "Company", Headquarters: Minato-ku, Tokyo; Representative Director, Chairman & CEO: Sachio Semmoto) hereby announces its position regarding the method of determining those shareholders who are entitled to receive stock options under the eAccess Rights Plan authorized at the Board of Directors Meeting on May 12, 2005.

In the press release dated May 12, 2005, entitled "eAccess to adopt the Rights Plan", we mentioned that the Plan will not cause any damages due to dilution of shares to any shareholders other than the unsolicited buyer, and we have received inquiries regarding the timing of determining shareholders entitled to receive stock options under the Plan and the timing as to the decision whether or not to cancel the stock options.

The Company's position is that it will not cancel the stock options under the Plan after determination of the shareholders entitled to receive the stock options under the Plan. By this method of operation of the Plan, there will be no risk that the stock options might be cancelled after determination of the shareholders entitled to receive the stock options, and therefore, any concern that the stock price might become unstable, causing unexpected losses to shareholders and investors other than the unsolicited buyer, due to such risk, shall be eliminated.

We have established this position in line with the TSE's guideline concerning adoption of anti-hostile take over defenses.

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