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Notice of Results of Tender Offer Concerning LAWSON TICKET, INC.

2007/06/13
LAWSON, INC. (hereinafter referred to as "the Company")resolved at a meeting of the Board of Directors held on May 11, 2007 to commence the purchase of the shares of LAWSON TICKET, INC.(code: 2416, listed on the JASDAQ Securities Exchange. Hereinafter referred to as "the target company") by tender offer (hereinafter referred to as "the tender offer"). The tender offer was executed from May 14, 2007. Having completed the tender offer on June 12, 2007, the Company announces the results, as follows.
1. Outline of tender offer
(1) Name of target company: LAWSON TICKET, INC.
(2) Class of share certificates, etc. for tender offer Common stock
(3) Number of share certificates, etc. scheduled to be purchased

Class of share certificates, etc. (1) Number of share certificates, etc. scheduled to be purchased (2) Number of share certificates, etc. to be returned to shareholders
Share certificates 9,800 shares 0 shares
Total 9,800 shares 0 shares

(4) Tender offer period From May 14, 2007 (Monday) to June 12, 2009 (Tuesday) (22 business days)
(5) Purchase price of tender offer 140,000 yen per share

2. Results of Tender Offer
(1) Number of share certificates, etc. tendered and number of share certificates, etc. purchased

Class of share certificates, etc. Number of share certificates, etc. scheduled to be purchased Number of share certificates to be returned to shareholders Number of share certificates, etc. tendered Number of share certificates, etc. purchased
Share certificates 9,800 shares 0 shares 13,402 shares 13,402 shares
Total 9,800 shares 0 shares 13,402 shares 13,402 shares

(2) Results of tender offer
Since the number of share certificates, etc. tendered exceeded the number of share certificates, etc. scheduled to be purchased (9,800 shares), as described in the Public Notice of Commencement of Tender Offer and the Tender Offer Registration Statement, the Company will purchase all the share certificates, etc. tendered in the tender offer.
(3) Ownership ratio after the tender offer

Number of voting rights held by the Company before the tender offer 30,707 (Ownership ratio before the tender offer)55.83%
Number of voting rights held by the Company after the tender offer 41,491 (Ownership ratio after the tender offer)75.44%
Total number of voting rights of shareholders of the target company 55,000 -

(Note 1) The total number of voting rights of shareholders of the target company is the total number of voting rights of shareholders as of February 28, 2007 stated in the Financial Report for the 15th Term submitted on May 23, 2007.
(Note 2) The "number of voting rights held by the Company before the tender offer" and the "number of voting rights held by the Company after the tender offer" include the number of voting rights held by persons having a special relationship to the Company, and this is also taken into account in the calculation of the "ownership ratio before the tender offer" and the "ownership ratio after the tender offer."
(Note 3) The "ownership ratio before the tender offer" and the "ownership ratio after the tender offer" are rounded down to two decimal places.

(4) Calculation method used where shares are purchased on a pro-rata basis
Not applicable

(5) Funds required for the tender offer
1,876 million yen
(NOTE) Not including commission paid to the tender offer agent and other expenses.

(6) Method of settlement

1) Name and address of securities company/ bank, etc. to settle the tender offer
Nikko Citigroup Limited
5-2-20 Akasaka, Minato-ku, Tokyo
Nikko Cordial Securities Inc.
3-3-1 Marunouchi, Chiyoda-ku, Tokyo

2) Commencement date of settlement
June 19, 2007 (Tuesday)

3) Method of settlement
A notice of purchase for the tender offer, etc. will be mailed to the address of the tendering shareholders, etc. (or in the case of foreign shareholders, to the addresses of their standing proxies) without delay after the expiration of the tender offer period. The purchase will be made in cash. The tender offer agent or sub-agent shall, at the direction of the tendering shareholders, etc., remit the sale price of the purchased share certificates to the location designated by the tendering shareholders (or in the case of foreign shareholders, their standing proxies) without delay after the date of commencement of settlement.

3. Locations where Copies of the Tender Offer Report Are Made Available for Inspection

LAWSON, INC. Head Office
(1-11-2 Osaki, Shinagawa-ku, Tokyo)
JASDAQ Securities Exchange
1-4-9 Kayabacho, Nihonbashi, Chuo-ku, Tokyo

4. Projected Impact of Tender Offer on Business Results

The tender offer will have little impact on the Company's results for the year ended February 2008, and there is no change in the Company's consolidated forecasts for the year ended February 2008 as a result of the tender offer.

5. Policy Following Tender Offer

The Company has no particular intention of acquiring further share certificates, etc. of the target company or immediately delisting the target company's shares after the tender offer.However, if the Company considers delisting of the target company's shares inevitable or considers it advisable in terms of the Lawson Group's business policy to delist the target company's shares after the tender offer, the Company may implement measures such as turning the target company into its wholly owned subsidiary.

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