January 11, 2005

Nisshinbo Accepted by the Worldwide Influential SRI "FTSE4Good Index Series"

The "FTSE4Good Index" is a Social Responsibility Investment (SRI) index, which was established in July 2001 by the UK FTSE Group, and has since received high acclaim worldwide.

Companies are screened from three angles, environmental, social and human rights, the judging standards are revised as needed, and investment support is given to companies with excellent performance.

With the new addition of the "FTSE4Good Japan Index" by FTSE, the "FTSE4Good Global Index" has also been revised. With this revision, in September 2004, Nisshinbo has been accepted by both indices.

As of December 2004, 704 leading companies throughout the world have been accepted by the "FTSE4Good Global Index," of which 166 are Japanese companies.

The FTSE Group has offices in London, Frankfurt, Hong Kong, Madrid, Paris, New York, San Francisco and Tokyo, and is a world leader, producing and managing indices for clients in 77 companies throughout the world.

To ensure subjectivity without bias, the various indices produced by FTSE are judged by independent committees made up of senior fund managers. These indices are used for various purposes, such as investment analysis and business evaluation by investors worldwide.

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