Notice on Acquisition of Hotel JAL City Naha

May 30th, 2008

RISA Partners, Inc. today announced that its wholly-owned subsidiary, RISA Partners Naha Co., Ltd. has completed its acquisition of “Hotel JAL City Naha” from ZECS Co., Ltd., and Yaese Investments Y.K., another fully-owned subsidiary of RISA Partners, has taken over the hotel management business by acquiring all shares of hotel management department from Charming Resort Okinawa Co., Ltd.

Demonstrating its stronger presence through this acquisition, RISA Partners will further accelerate its business development in Okinawa.

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