Ownership and Governance (Main Shareholders)

(As of March 31, 2009)

There are 178 shareholders.

The main shareholders are Tokyo Stock Exchange Group Inc. which owns 22.35% and the Japan Securities Dealers Association which owns 12.17%.

The board is composed of 19 members, President & CEO, 4 Managing Directors and 14 Directors.

Brief History

Dec. 1984 Japan Securities Depository Center (JASDEC) was established as a foundation

May. 1985 JASDEC was designated as the depository organization under the CSD Law

Oct. 1991 Depository services (initially, for 50 listed stocks on the TSE) was started

Oct. 1992 Full-scale depository services was started

Sep. 2001 Pre-Settlement Matching System (PSMS) was started

Mar. 2003 JASDEC inaugurated Book-entry Transfer System for Short-Term Corporate Bonds

Jun. 2003 JASDEC DVP Clearing Corporation (JDCC) was established

May. 2004 DVP settlement system for non-exchange transaction deliveries (NETDs) was commenced

Jan. 2006 JASDEC inaugurated Book-entry Transfer System for Corporate Bonds

Jan. 2007 JASDEC inaugurated Book-entry Transfer System for Investment Trusts

Jan. 2008 JASDEC inaugurated Book-entry Transfer System for ETFs

Jan. 2009 JASDEC inaugurated Book-entry Transfer System for Stocks, etc.

Types and number of Participants

• (as of April 2, 2010)
• (1) 244 participants:Book-entry Transfer System for Stocks, etc.
• (2) 71 participants:Book-entry Transfer System for Commercial Paper
• (3) 91 participants: Book-entry Transfer System for Corporate Bonds
• (4) 186 participants: Book-entry Transfer System for Investment Trusts
• (5) 178 participants: Custody services for foreign stocks, etc.

Regulatory Environment

Filing of reports, inspections and order to improve depository businesses and properties, etc. as well as restrictions and suspensions of depository activities are enforced by FSA and Minister of Justice.

Stock Exchanges

• Tokyo Stock Exchange
• Osaka Securities Exchange
• Nagoya Stock Exchange
• Fukuoka Stock Exchange
• Sapporo Securities Exchange
• JASDAQ Securities Exchange

Other CSDs or clearing organization in your country

CSD
Bank of Japan *as CSD for Japan Government Bond
CCP
Japan Securities Clearing Corporation (JSCC)
JASDEC DVP Clearing Corporation (JDCC)
Japan Government Bond Clearing Corporation (JGBCC)

Services Provided

• (1) Book-entry transfer for stocks, etc.
• (2) Book-entry transfer for commercial paper
• (3) Book-entry transfer for corporate bonds
• (4) Book-entry transfer for investment trusts
• (5) DVP settlement services for NETDs
• (6) Pre-settlement matching system
• (7) Custody services for foreign stocks, etc.

Eligible Securities

• Japanese stocks, Convertible bonds, ETFs, REITs and JDR, etc. listed on a Japanese exchange
• Foreign stocks, etc. listed on a Japanese exchange
• Short-term corporate bonds
• Corporate bonds
• Municipal bonds
• Investment company bonds
• Government agency bonds and other special corporation bonds
• Bonds issued in Japan by any governments or companies in foreign countries
• Investment Trust Beneficial Rights
• Share options
• Qualified non-listed stocks, etc.

Corporate Action services Provided? Yes/No (If yes, what kinds of services provided?)

No.

Value of Securities in Custody (US$):USD 7,189 billion

Amount of Cash Settled per annum (US$):

Percentage of Securities Immobilized/ Dematerialized:100% (Stock)

Market Capitalization/ Trading volume per annum (US$):Market Capitalization (TSE): USD 3.96 trillion

Total Revenue/ Expense and Net income Per annum (US$):Income: USD 259,732,000 Expense: USD 216,886,000

Memorandum of Understanding/ Business Agreement (Date)

• Nov.12, 2009 MOU with PT Kustodian Sentral Efek Indonesia
• Oct.09, 2009 MOU with Vietnam Securities Depository
• Apr.28, 2009 MOU with Mongolian Securities Clearing House & Central Depository Co., Ltd
• Mar.11, 2009 MOU with Misr for Central Clearing Depository & Registry
• Jul.18, 2008 MOU with Thailand Securities Depository Company Limited
• May 20, 2008 MOU with National Securities Depository Limited
• May 20, 2008 MOU with Central Depository Services (India) Limited
• Apr.17, 2008 MOU with Central Depository Company of Pakistan Limited
• Jun.24, 2005 MOU with China Securities Depository and Clearing Corporation Limited
• Feb.21, 2005 MOU with Korea Securities Depository (KSD)
• Nov.02, 2004 MOU with Taiwan Securities Central Depository Co.,Ltd.(TSCD)
• Aug.20, 2003 MOU with Depository Trust and Clearing Corporation (DTCC)
• Nov.01, 2007 Agreement with Korea Securities Depository (KSD) relating to custody of Korean securities.

Cross-Broader Transaction (Counterpart)

Custody linkage with DTC, KSD, CBF, CBL

Withholding Tax Treatment of Cross-Border Trading Transactions (Details)

DVP Implementation (Yes/No)

Yes. Regarding on exchange trade delivery, JSCC as a CCP, settles in Model 3 (Net-Net) DVP.
For non-exchange trade delivery of stocks, CBs, ETFs and REITs, etc, JDCC handles with Model 2 (Gross-Net)DVP. Regarding Corporate Bonds, CPs, Investment Trusts, Model 1 (Gross-Gross) of DVP is adopted.

Settlement Period

T+3 (Stock, Corporate Bond) T+2 (CP)

Contact Information

Contact Person: Mr. Kei UMETANI

Tel: +81 3 3661 0139
Email: k-umetani@jasdec.com
Fax: +81 3 3661 0186

Remarks