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June 30, 2005
eAccess Ltd.
(Code Number: 9427)

eAccess was added in Pension Fund Association's "Corporate Governance Fund"
- eAccess Meets Evaluation Criteria for "Excellent Governance" -

eAccess Ltd. (Headquarters: Minato-ku, Tokyo; Representative Director, Chairman & CEO Sachio Semmoto) announced today that the Pension Fund Association (the "Association") has selected eAccess as one of the additional stocks to be included into the "Corporate Governance Fund".

The Association established the Corporate Governance Fund in March 2004 as part of its activities to help strengthen corporate governance in Japan. The Fund invests in stocks with excellent governance - stipulated by specific evaluation criteria on the basis of questionnaires and on-site interviews of candidate companies. The Fund is a representative example of an SRI (socially responsible investment) that has drawn keen attention in recent years.

The Fund selected a total of 43 companies in the first selection of stocks in August 2004. The Association recently selected an additional 10 companies following its second evaluation survey. This survey covered a total of 1,548 listed stocks on the First Section of the Tokyo Stock Exchange (TSE), including eAccess. In November 2004, eAccess was listed on the First Section of the TSE, in its fifth year of business. For the list of selected companies and the evaluation criteria for corporate governance, please refer to the Pension Fund Association's press release: http://www.pfa.or.jp/jigyou/pdf/gov050607.pdf (Japanese only)

In the evaluation of corporate governance, the Association does not limit its examination to the formal corporate governance system. It also focuses on whether specific systems such as the appointment of independent directors and corporate management are conducted with the shareholders in mind and are functioning effectively. eAccess has undergone rigorous examination for inclusion, including participating in a wide-ranging survey and interviews with the Association.

eAccess pursue corporate management with a high degree of transparency, with external directors overseeing management accounting for 70% of the board of directors. eAccess, a young company with only five years of history, is very much honored to be joining the list of well-established companies included in the Fund. eAccess will continue to act in the best interests of its shareholders and seek to maximize on its market value.

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