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February 15, 2008
eAccess Ltd.
(Code Number: 9427)

(Code Number: 9984)

eAccess and Softbank keep Open Wireless Network (OpenWin)
as a fifty-fifty joint-venture company

eAccess Ltd. (Headquarters: Minato-ku, Tokyo; Representative Director and President: Toshio Yasui) and Softbank Corporation (Headquarters: Minato-ku, Tokyo; Chairman and CEO: Masayoshi Son)(hereinafter collectively called "the companies") previously established the planning company, Open Wireless Network Corporation (OpenWin), for the purpose of abtaining a business license in the 2.5GHz spectrum. Based on OpenWin shareholders agreement, the companies decided to repay initial investment to the other investors by the end of February 2008, thereby making the companies the sole two shareholders of OpenWin.

Out of a 20.5 billion yen total investment, eAccess and SoftBank each purchases 3.525 billion yen, totaling 7.05 billion yen, of OpenWin shares from six other investors.

The companies plan to decrease the total capital and capital reserve of OpenWin to a total of 0.18 billion yen by the end of March and keep OpenWin as a fifty-fifty joint-venture company.

The information is true and accurate at the time of publication. Price, specification, contact and other information of products and service may be subjected to change.