TAKEFUJI CORPORATION   15-1 Nishi-Shinjuku 8-chome,Shinjuku-ku, Tokyo 163-8654 Japan March 13, 2002 For release    Immediately Contact Media - Osamu Sasaki, Managing Director and General Manager of Public Relations Tel: 81-3-33658030 Financial Analysts - Shizuo Mizukami, Manager of Investor Relations - Kunio Takayama, Manager of Accounting Dept. Tel: 81-3-33658011 Stock Code No. 8564 - TYOSE London Stock Exchange AVS No. 953606 Director's tenure of office may be contracted. Tokyo, March 13, 2002 - Takefuji Corporation announced today that the board of directors held yesterday passed the following resolution concerning directors' term-of-office which should be up for the vote in the 35th general meeting of shareholders to be scheduled in next June. The Resolution 1. Subject: To be up for the vote in the 35th general meeting of shareholders to contract directors' tenure of office from two years or less to one year or less. 2. Purpose: In order for the company to cope promptly with the current ever-changing business environment and to make directors be aware more clearly of their sense of responsibility. Back by Takefuji co.