July 28, 2000 Re: Progress Report on Pre-merger Activities Setup of a common Web site on intranets of both companies A speedy disclosure of information related to the integration, such as the state of integration arrangements and a timetable of pre-merger alliances and other undertakings will enable both companies to derive synergetic benefits at an early stage. Toward this end, a common Web site is to be set up on the intranets of both companies in October of this year. This Web site will start with such information as progress reports and schedule on the preparations for integration from the Integration Committee, the nationwide friendship activities, the history, organization, management performance of the two companies and exchange of business expertise. The contents of the site will be expanded to the both companies' agency networks. End.