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News Release

JRI Office Engineering, Ltd. stock transfer

June 30, 2011

The Japan Research Institute, Limited hereby announces that it has entered into an agreement with Sakura Information Systems Co., Ltd. (“SIS”) to transfer the shares that it holds in JRI Office Engineering, Ltd. to SIS, as of July 1, 2011. JRI Office Engineering, Ltd. will change its trade name to JOE Corporation, Ltd. as of the same date and will continue to provide personnel and salary services as a subsidiary of SIS.

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