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

Notice Regarding Purchase of ACCA Networks Shares
Expect ACCA Networks to become a consolidated subsidiary of eAccess

At the meetings 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) and ACCA Networks Co., Ltd. (hereinafter referred to as "ACCA", headquarter: Chiyoda-ku, Tokyo, Representative Director & President: Isamu Suyama) resolved on purchase of ACCA Networks shares by eAccess and consolidation of ACCA as a subsidiary of eAccess.. The details are as follows:

1.Reason for this Purchase

Following the resolutions of their board of directors meetings held today, eAccess and ACCA agreed on strategic business and capital alliance for the future business.
The business alliance, which consists of the transfer of DSL fixed assets and operational integration, involves the integration of main facilities and services of two companies. eAccess believes that this alliance will be the best way to enhance operational efficiency.

*For details of business and capital alliance, please refer to "ACCA Networks and eAccess Agreed on Business and Capital Alliance" released by eAccess and ACCA as of today. Further, for details of terms and conditions of issue of shares, please refer to "Notice Regarding Issuance of New Shares by Third-Party Allocation" separately released by ACCA as of today.

2.Outline of Change in ACCA to a consolidated subsidiay
(1) Corporate name :ACCA Networks Co., Ltd.
(2) Representative:Representative Director and President Isamu Suyama
(3)Principle office:12-1, Yurakucho 1-chome, Chiyoda-ku, Tokyo
(4) Established:March 15, 2000
(5)Main business:Telecommunication
(6)Fiscal Term End: December 31, 2008
(7)Number of employees:335
(8)Principal Place of Business:Tokyo
(9)Paid-in capital :JPY 12,986 million (as of December 31, 2007)
(10) Total Number of Outstanding Shares: 112,432 shares (as of July 18, 2008)
(11)Major shareholders::eAccess Ltd.14.9%
NTT Communications Corporation12.9%
Ignite BB Investments L.P.8.8%
Daiwa Securities Group Inc.4.2%
IT2000 Investment Business Limited Liability Partnership3.4%
(12) Trends of Business Result over the Last Business Years (Consolidated)
Fiscal Year ended December 2007Fiscal Year ended December 2006
Revenue 35,079 million 38,829 million
Operating Profit1,991 million1,880 million
Recurring Profit1,909 million1,908 million
Net Income1,475 million1,061 million
Total Assets29,137 million29,465 million
Net Assets18,058 million17,492 million
Annual dividend per share 5,000.005,000.00

3.Issuer of Shares
(1)Corporate name: ACCA Networks Co., Ltd.
(2) Representative:Representative Director and President Isamu Suyama
(3) Principle office: 12-1, Yurakucho 1-chome, Chiyoda-ku, Tokyo
(4) Main business:Telecommunication
(5) Relationship with eAccessCapital 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 eAccess, entered into the Mobile Date Communication Service Agreement with ACCA.

4.Number of Shares to be purchased, Purchase Price and Number of Shares Owned before and after the transaction
(1)Number of Shares Owned before transaction
16,785 shares (% out of Owned Shares: 15.04%) (Number of Voting Rights: 16,785)
(2)Number of Shares to be purchased
61,790 shares (Acquisition Price: JPY 7,414 million) (Number of Voting Rights: 61,790)
(3)Number of Shares Owned by eAccess after Transaction
78,575 shares (% out of Owned Shares: 45.32%) (Number of Voting Rights: 78,575)

5.Schedule
July 31, 2008Resolution by the board of directors
August 15, 2008Issuance of new shares
September 12, 2008Delivery of Share Certificate

6.Financial Forecast
Consolidated financial forecast after the change of subsidiary (for the fiscal year ending December 31, 2008)
Previous forecast (A) Revised Forecast (B) Increase/decrease
(B-A)
Consolidated Revenue31,000 million31,000 million0
Consolidated Operating Profit1,900 million2,000 million+100 million
Consolidated Recurring Profit1,900 million2,000 million+100 million
Consolidated Net Income1,400 million1,700 million+300 million



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.