Press Release
February 26, 2004
MSI invests in a Cambodian general insurer
Completing its facility network in ASEAN

Mitsui Sumitomo Insurance Co., Ltd. (President: Hiroyuki Uemura) decided to purchase 25% of shares in a promising Cambodian general insurer, Asia Insurance (Cambodia) Limited. MSI now has a branch, subsidiaries, and affiliates in all eight ASEAN countries where foreign general insurers are permitted to get a license.
   
1. About Asia Insurance (Cambodia) Limited (Dec 2003)
(1) Capital US$1,290,000
<To be increased to US$4,200,000 by 2007>
(2) Total assets US$1,433,000
(3) Premium income US$900,000

2. About MSI's facility network in ASEAN countries
(1) MSI started its overseas Asian operations in Thailand in 1954, the earliest among the Japanese general insurers.
(2) MSI has been operating in ASEAN countries for the last 50 years, currently locating a branch, subsidiaries, and affiliates in all eight ASEAN countries where foreign general insurers are permitted to get a license. (Foreign insurers are not permitted to get a license in Myanmar and Laos.)

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