Deposit Insurance Corporation of Japan-DICJ Group

The Resolution and Collection Corporation (RCC), the Second Bridge Bank of Japan and Enterprise Turnaround Initiative Corporation of Japan (ETIC) have been established as subsidiaries (limited company) of DICJ.

In July 1996, DICJ established a 100% owned subsidiary (capitalization ￥200 billion), Housing Loan Administration Corporation (HLAC), in order to promote collection of non-performing loans related to Jusen companies as its special operations. In September 1996, DICJ took a 75% stake (capitalization of ￥120 billion for DIC) in the Resolution and Collection Bank (RCB) which was reorganized from the Tokyo Kyodo Bank for the disposal and management of non-performing loans transferred from failed financial institutions.

Later in April 1999, HLAC and RCB merged to form RCC which was a 100% owned subsidiary of DICJ.

DICJ has been making efforts in collecting non-performing loans through providing RCC with guidance and advice for the recovery of loans, cooperating with RCC in pursuing the criminal and/or civil liabilities of the parties concerned and investigating hidden assets of debtors based on its right to conduct an asset investigation.

The Resolution and Collection Corporation

1. Establishment

April 1, 1999 (through a merger between the Housing Loan Administration Corporation and the Resolution and Collection Bank)
Capital: ￥212.0 billion(100% subsidiary of DICJ)）

2.Purpose

The purposes of RCC is: to manage, collect and dispose of assets transferred and/or purchased from 7 Jusen companies and failed financial institutions; to be engaged in subscription of shares of financial institutions to enhance their capital adequacy; to purchase assets from sound financial institutions; and, to do other banking business stipulated in the Deposit Insurance Law and other related laws.

3.Organization

(1) Officers

Total Staff 686 (as of April 1, 2009)

[as of October 1, 2009]

Mr. Koichi Ueda	Representative Director & President
Mr. Yasuo Shida	Representative Director & Deputy President
Mr. Satoshi Hashimoto	Senior Managing Director
Mr. Kaoru Okada	Senior Managing Director
Mr. Shoici Kano	Senior Managing Director
Mr. Yoshiyuki Sato	Senior Managing Director
Mr. Masaru Iwasaki	Auditor
Mr. Haruhiko Terada	Auditor
Mr. Yasunori Fujii	Auditor(part time)

(2) Office

Head office	2-46-1 Honcho, Nakano-ku, Tokyo, Japan
Others	17 branches (as at April 1, 2009)

Please visit the website of the RCC: http://www.kaisyukikou.co.jp/

Under the Article 92 of the Deposit Insurance Law, the Second Bridge Bank of Japan, Ltd. (the 2^nd BBJ) was established as a 100% subsidiary of DICJ (capitalization of ￥2.12 billion) on March 1, 2004. The 2^nd BBJ got licenses of banking and mortgage debentures trust business on March 8, 2004. The purpose of the 2^nd BBJ is to protect depositors and maintain the stability of financial market through assuming the business operation and insured deposits of and/or merging with failed financial institutions and continuing the business operation provisionally. The duration of the 2^nd BBJ is in principle two years from the date of the FSA Commissioner's order for management of the first financial institution from which the 2^nd BBJ receives the transfer of business. It may be extended for one year.

The Second Bridge Bank of Japan, Ltd.

1. Establishment

March 1, 2004
Capital: ￥2.12 billion（100% subsidiary of DICJ）

2．Purpose

The purpose of the 2^nd BBJ is to provisionally assume the business of financial institutions under management in the event that no assuming financial institutions are found for them, and to find assuming financial institutions to which the business is transferred.

3．Organization

[As of April 1, 2009］

Executive Director	3	（CEO Seiji Oba)
Auditor	3	（including 2 part-time auditors）
Staff	3

4．Location

Head office

1-12-1 Yurakucho, Shinyurakucho Building 9th Fl.,
Chiyoda-ku Tokyo, Japan

DICJ established a 100% owned subsidiary, Enterprise Turnaround Initiative Corporation of Japan (ETIC), on October 14, 2009 in accordance with the provisions of Article 51 of the Act on Enterprise Turnaround Initiative Corporation of Japan. DICJ later increased its investment in ETIC.

ETIC will provide support for revitalization of local enterprises operations by assessing their assets, assisting formulation of their operation and finance restructuring plans, coordinating their creditors and other stakeholders, and rendering human and financial support to them, in an impartial and neutral manner.

Enterprise Turnaround Initiative Corporation of Japan (ETIC)

1. Establishment

October 14, 2009
Capital: ¥20,129.8 million

2.Purpose

Taking employment stability into consideration, ETIC seeks to reconstruct the regional economies through advancement of comprehensive economic potential in the local areas and at the same time to facilitate reinforcement of the foundation of stability of the financial system in the regions. In order to accomplish these objectives, ETIC will provide support for revitalization of local businesses in cooperation with financial institutions and local governments through such operations as purchase of loans extended by financial institutions to small and medium-sized enterprises which possess valuable management resources but are suffering from heavy burden of debt.

3.Organization

Total Staff 101 (as of January 1, 2010)

[as of January 1, 2010]

Hiroshige Nishizawa	President and Representative Director
Akitoshi Nakamura	Senior Executive Director and Representative Director
Shigeyuki Kawamoto	Executive Director
Koichi Sakurada	Executive Director
Koichi Mizutome	Executive Director
Hideo Seto	Non-Executive Director
Yuri Okina	Non-Executive Director
Masanori Tanabe	Non-Executive Director
Toshio Nakamura	Non-Executive Director
Tsuyoshi Takagi	Auditor
Akio Harada	Auditor
Koichi Masuda	Auditor

4.Location

Head office:

Otemachi Building, 1-6-1 Otemachi, Chiyoda-ku, Tokyo, Japan