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January 16, 2008
eAccess Ltd.
(Code Number: 9427)

eAcess Proposed Drastic Reform of the Management of ACCA
To Maximize the Interest of Shareholders and Users

eAccess Ltd. (Head Office: Minato-ku, Tokyo, Representative: Toshio Yasui, Representative Director & President; hereinafter "eAccess") announced that it submitted a shareholders proposal to ACCA Networks Co., Ltd. (Head Office: Chiyoda-ku, Tokyo, Representative: Masaharu Kimura, Representative Director & President; hereinafter "ACCA"), to appoint seven directors and remove three of the present directors for the 8th General Meeting of Shareholders of ACCA.

eAccess holds 13.10% of ACCA shares (as of January 11, 2008) and as the largest shareholder of ACCA, eAccess requested ACCA to undertake drastic reforms of the management in order to enhance the efficiency of ACCA's ADSL business and expand its business areas.  ;eAccess intends to increase the corporate value of ACCA and seeks to maximize the interest of ACCA's various stakeholders, including its shareholders ADSL users, in various ways including collaboration with eAccess' ADSL business, AOL business and EMOBILE Ltd., an affiliate of eAccess.

[Terms and Reasons of the Proposal]
ACCA is experiencing a decrease in sales in its retail DSL business, which cannot be made up with revenue from new businesses such as corporate services and solution support services including M2M, and is expected to record continued declines in both sales and recurring profit consecutively in Fiscal Year 2007 as well as Fiscal Year 2006. Since the second half of 2006, the stock price of ACCA has been hovering at a level far below the public offering price. This may be representing the disappointment of the market.
In order to improve the present circumstances, it is necessary to carry out drastic reforms by replacing the management of ACCA with a new management team which is well trained for broadband telecommunications business and consists of personnel with high-level business management capability and professional knowledge. ; Therefore, eAccess proposes to appoint the following seven directors including four new directors and remove three of the present directors as follows.

(i)Appointment of New Directors
Mr. Yoshihiro Obata, Mr. Munehiro Osaka, Mr. Eric Gan (external), Mr. Masayuki Ishida (external)
(ii)Reappointment of Present External Directors
Mr. Motonobu Sato (external), Mr. Norio Sasada (external), Mr. Ryusaku Hoshino (external)
(iii)Removal of Present Directors
Mr. Masaharu Kimura, Mr. Hidehiko Yuzaki, Mr. Koichi Hirono
We are now constructing a link on eAccess' website where materials containing more details of this proposal are downloadable.


* This announcement is not intended to, and should not be understood to, solicit proxy of any shareholders.

END



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