TAKEFUJI CORPORATION   15-1 Nishi-Shinjuku 8-chome,Shinjuku-ku, Tokyo 163-8654 Japan June 27, 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 Tokyo, Japan: June 27, 2002 - Takefuji Corporation (the "Company") announced the appointment of members to its Board of Directors and Corporate Auditors following approval at the 35th Annual General Meeting of Shareholders. Board of Directors and Corporate Auditors (*newly appointed) Yasuo Takei Representative Chairman and CEO Teruki Uchida* Vice Chairman Akira Kiyokawa* Representative President Taketeru Takei Senior Managing Director in charge of Business & Marketing Division as Chief, General Manager of New Office Development, Personnel and Training & Education Osamu Sasaki Managing Director in charge of Public Relations Department as General Manager Yoshihiko Baba Managing Director in charge of Information System Department Yoshiiku Matsumoto Managing Director in charge of Business & Marketing Division, General Affairs, and Loan Administration Department as General Manager Hirofumi Hosoi Director in charge of Osaka Regional Branch as General Manager Kanji Kobayashi Director in charge of Information System Department as General Manager Teruhiko Kobayashi Director in charge of Credit Examination Department as General Manager Takeshi Kosakai* Director in charge of Business and Marketing Division as Deputy Chief Katsunori Aita* Director in charge of Sendai Regional Branch as General Manager Iwao Haruta* Director in charge of Finance Department and Investors Relations Office as General Manager Yuji Sawada* Director in charge of Advertising Department and Industry Relations as General Manager Shigeo Kobayashi* Director in charge of Accounting and Corporate Planning Department as General Manager Mineko Naito* Director in charge of Card Business Department as General Manager Yoshiji Fukushima* Director Kunio Akiyoshi Corporate Auditor Masakuni Saito Corporate Auditor Toshiyuki Tsuchiya* Corporate Auditor Yoshihiro Ogura Corporate Auditor Board of Directors and Corporate Auditor resigned: Shigeo Suzuki Senior Managing Director Jiro Dotsu Director Takanori Sakamoto Director Takeo Saito Corporate Auditor Tokyo, Japan: June 27, 2002 - Takefuji Corporation announced the change of its organization effective immediately as follows: 1. Card Business Department is newly formed for the nationwide expansion of our business through development of member stores and acquisition of new customers as we are launching credit card business. 2. Credit Examination Office is newly named as Credit Examination Department. 3. Inspection Office is newly named as Inspection Department. 4. Property Administration and Development Department is newly named as Property Administration and Development Office. 5. Property Administration and Development Department and New Business Development Department are directly under Chairman in order to effectively implement asset management and various new business development. 6. Customer Relations Office is transferred to Inspection Department from Business Administration Department. Back by Takefuji co.