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July 31, 2008
eAccess Ltd.
(Code Number: 9427)

Notice Regarding Transfer of DSL Fixed Assets to ACCA Netwroks

At the meeting of the board of directors held on July 31, 2008, eAccess Ltd. (hereinafter referred to as "eAccess", headquarter: Minato-ku, Tokyo, Representative Director & President: Koji Fukata) resolved on the transfer of DSL fixes assets to ACCA Networks Co., Ltd. (hereinafter referred to as "ACCA", headquarter: Chiyoda-ku, Tokyo, Representative Director & President: Isamu Suyama). The details are as follows:

1. Reason for the Tranfer
Pursuant to the investment and asset assignment agreement entered into between eAccess and ACCA Networks Co., Ltd. (hereinafter referred to as "ACCA", principle office: Chiyoda-ku, Tokyo), eAcess will transfer its DSL related ACCA Networks.

*For details of business and capital alliance, please refer to "ACCA Networks and eAccess Agreed on Business and Capital Alliance" released by eAcess and ACCA as of today.

2. Summary of the Transfer of DSL Fixed Assets

Asset ClassificationLocationTransfer Price
Broadband Remote Access Server (BRAS)Network Operation Centers in Tokyo and Osaka Approximately
JPY 3,286 million
DSL Access Management
Approximately 1,600 NTT Central Offices nationwide

3. Outline of the Transferee
Corporate nameACCA Networks Co., Ltd.
Principle office12-1, Yurakucho 1-chome, Chiyoda-ku, Tokyo
RepresentativeRepresentative Director and President Isamu Suyama
Paid-in capitalJPY 12,986 million (as of December 31, 2007)
Major shareholderseAccess Ltd., NTT Communications Corporation, Ignite BB Investments L.P., Daiwa Securities Group Inc., IT2000 Investment Business Limited Liability Partnership
Main businessTelecommunication
Relationship with eAccess
Capital Relationship: eAccess holds 16,785 shares of ACCA before this share issue.
Personnel Relationship: None
Business Relationship: EMOBILE Ltd., an equity-method affiliate company of the Company, entered into the Mobile Date Communication Service Agreement with ACCA.

4. Schedule
July 31, 2008Resolution by the board of directors
July 31, 2008Execution of the agreement
September 1, 2008Delivery of assets

5. Financial Forecasts
Financial forecasts after the assignment of the fixes assets (for the year ending March 31, 2009)
forecast (A)
forecast (B)
Revenue80,000 million80,000 million 0
Operating Profit12,700 million12,800 million +100 million
Recurring Profit10,700 million11,000 million +300 million
Net Income6,500 million6,600 million +100 million
Annual dividend per share2,3002,3002,300

Consolidated financial forecasts after the transfer of the fixes assets (for the year ending March 31, 2009)
forecast (A)
forcast (B)
Consolidated Revenue80,000 million95,000 million +15,000 million
Consolidated Operating Profit12,700 million13,800 million +1,100 million
Consolidated Recurring Profit-6,100 million-5,000 million +1,100 million
Consolidated Net Income-10,300 million-9,800 million +500 million
(Note)These financial forecasts have been prepared on the assumption that eAccess will consolidate ACCA Networks' business results on and after September 1, 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.