April 10, 2006

Board of Directors Announcement

Metal One Corporation (headquartered in Minato-ku, Tokyo; President: Moriji Kanada) hereby announces changes to its board of directors, effective from March 31, 2006:

[1] Corporate Auditor

A. New Director (Effective from March 31, 2006)

Name New position Former position Masahiro Nakano Corporate Auditor General Manager, Corporate Secretariat, Mitsubishi Corporation

B. Retiring Director (Effective from March 31, 2006)

Name Position Koichiro Kimura (*1) Corporate Auditor

*1 Corporate Auditor who retired from Metal One Corporation as of March 31.

[2] Executive Officer

C. Retiring Director (Effective from March 31, 2006)

Name Position Yoshiomi Yuasa (*2) Executive Officer

*2 Executive Officer who retired from Metal One Corporation as of March 31.