Appendix < Summary : Risk-related services in India > Demands for risk-related services are rapidly increasing mainly for the reasons as below; • Liberalization of India's national economy system • More multi-nationals entering India • Adoption of westernized legal systems • Improved corporate governance, and • Private non-life insurers and brokers entering in the markets < Company profile : The non-life insurance subsidiary in India> • Company name : Cholamandalam MS General Insurance Company Limited • Paid-in capital : 1.42 billion Indian rupees, worth about 3.55 billion yen converted at a rate of 2.5 yen per rupee • Management : CEO Arun Agarwal 3 directos representing MSI, inclusive of an executive vice president and director • Head office   Chennai, India, formerly known as Madras Dare House, No.2 (Old No. 234) N.S.C. Bose Road, Parrys, Chennai 600 001, India • Offices   15 branches, including New Dehli, Mumbai, Bangalore, and Calcutta • Stakes in equity   26% held by MSI, maximum share permitted by a national law of India, and 74% by Murugappa • Officers & employees   216 persons • Direct premiums   fiscal 2003 : 0.97 billion Indian rupees (approx. 2.43 billion yen) fiscal 2004 (projected) : 2.04 billion Indian rupees (approx. 5.10 billion yen) < India's non-insurance market size by direct premiums written > • Fiscal 2002 : 142.6 billion Indian rupees (approx. 356.5 billion yen) • Fiscal 2003 : 161.2 billion Indian rupees (approx. 403.0 billion yen), increased 13% annually • Fiscal 2004 : 176.0 billion Indian rupees (approx. 440.0 billion yen), increased 10% annually (projected) < Signing ceremony > time 10:30 on September 25th, 2004 (local time) place Conrad Hotel, Singapore left [Mr.] M. A. Alagappan, Vice Chairman, Murugappa Group Chairman, Cholamandalam MS [General] Risk Services Limited, and Chairman, Cholamandalam MS General Insurance Company Limited right Susumu Uchida Managing Executive Officer and Managing Director, Head, Asia Division First, Mitsui Sumitomo Insurance Co., Ltd.