TAKEFUJI CORPORATION   15-1 Nishi-Shinjuku 8-chome,Shinjuku-ku, Tokyo 163-8654 Japan July 15, 2005 For release    Immediately Representative Hikaru Kondo, President Contact Investor Relations Tel: 81-3-3365-8011 Fax: 81-3-3365-8070 Stock Code No. 8564 TYOSE Takefuji set up US$1.5 billion Commitment Facility   As of July 15, 2005, Takefuji Corporation (the Company) announced that it has set up a commitment facility of US$1.5 billion (equivalent to approximately JPY170 billion) for 3 years with a yearly renewable term collateralized against beneficial interests backed by the Company's originated loan assets. The Company set a commitment of US$1 billion facility in March 2002, with US$0.5 billion drawn to date. The commitment facility has increased to US$1.5 billion with the introduction of true sale structure. The Company has also arranged for the removal of the financial covenants related to the corresponding contract.   The Company has diversified its funding sources including bond issuances in both domestic and global markets, and this facility is a part of such funding strategy. We will continue to secure access to long-term funds. Description 1.Type of Facility : Commitment of facility collateralized against beneficial interest backed by loan assets. 2.Amount : Japanese yen equivalent to US$1.5 billion 3.Date of Contract : July 15, 2005 4.Term : a.  Commitment Period:3 years with yearly renewable term b.  Term:10 years after the first drawdown   (7-year revolving period and 3-year redemption period) 5.Interest : Yen fixed interest rate set by interest currency swap transaction from US dollar LIBOR 6.Transferred collateral : Loan assets of Takefuji Corporation 7.Arranger : Merrill Lynch Japan Securities Co., Ltd. 8.Gurantor : Ambac Assurance Corporation (rated as AAA by S&P and Aaa by Moody's) Back by Takefuji co.