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April 3, 2008
eAccess Ltd.
(Code Number: 9427)

Change in Shareholders

We have been informed the following change in the shareholders of eAccess.

1.Change in the shareholders of eAccess
We were informed that there was a change in the shareholders of eAccess from the following process. Significant Share Holdings Reports and correction of Significant Share Holdings Reports were filed to the Kanto Local Finance Bureau by Morgan Stanley Japan Securities Co., Ltd. ("Morgan Stanley") on January 21, 2008 and on March 24, 2008, respectively, We received the copy of these reports. As referring the presence of voting rights and the number of shares to Morgan Stanley, we received the answer as of April 1, and were informed the change in the shareholders of eAccess.

2.Corporate profile of the shareholder (as of March 10, 2008)

1)Name: Morgan Stanley & Co. International PLC
2)Address or Location:25 Cabot Square Canary Warf London E14 4QA U.K.
3)Representative:Chairman Walid Chammah
4)Business Focus:Securities business
5)Purpose of purchasing
eAccess shares
:To include as part of Morgan Stanley's securities business

1)Name:Fund Logic
2)Address or Location: 61 rue de monceau, 75007 Paris
3)Representative:Director of General Julie Dechaume
4)Business Focus:Fund management
5)Purpose of purchasing
eAccess shares
:To include as Fund Logic's managed asset and investment


3.Number of voting rights and shares hold

[1.January 11, 2008]
Morgan Stanley & Co.
International PLC
# of voting rights
(# of shares held)
% of
ownership
Rank of
Ownership %
Before Transaction
(1/10/2008)
288,243
(288,268)
20.36%1st
After Transaction
(1/11/2008)
15,514
(15,538)
1.10%-

Fund Logic# of voting rights
(# of shares held)
% of
ownership
Rank of
Ownership %
Before Transaction
(1/10/2008)
285
(285)
0.02%-
After Transaction
(1/11/2008)
273,285
(273,285)
19.31%1st
*Outstanding shares as of 1/11/20081,460,140 shares
*Shares without voting rights, which were excluded from the total outstanding shares44,741 shares
*The number of voting rights as of 1/11/20081,415,399
*Rank of ownership is determined based on the latest interim report.


[2.January 17, 2008]
Morgan Stanley & Co.
International PLC
# of voting rights
(# of shares held)
% of
ownership
Rank of
Ownership %
Before Transaction
(1/16/2008)
16,292
(16,304)
1.15%-
After Transaction
(1/17/2008)
222,344
(222,365)
15.71%1st

Fund Logic# of voting rights
(# of shares held)
% of
ownership
Rank of
Ownership %
Before Transaction
(1/16/2008)
273,285
(273,285)
19.31%1st
After Transaction
(1/17/2008)
68,285
(68,285)
4.82%-
*Outstanding shares as of 1/17/20081,460,140 shares
*Shares without voting rights, which were excluded from the total outstanding shares44,741 shares
*The number of voting rights as of 1/17/20081,415,399
*Rank of ownership is determined based on the latest interim report.


4.Date of Transaction
1/11/2008 and 1/17/2008



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.