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December 25, 2000
To Whom It May Concern
Plaza Create Co., Ltd.
Notice of Change in the Name of a Subsidiary

As of December 25, 2000, the name of the following subsidiary, PhotoNet Japan, Inc., has changed.


1. Previous Name of the Subsidiary and Its New Name
Subsidiary: PhotoNet Japan, Inc.
New Name: Gigno System Japan, Inc.

2. Outline of Subsidiary
(1) Establishment: December 26, 1996
(2) Head office: Ivory Building, 6th Floor, 4-1-33, Kudan-kita, Chiyoda-ku,
Tokyo
(3) President: Keiko Iida
(4) Capital: 715 million yen
(5) Main operations: Picture data base, electronic commercial transactions engine, multimedia contents distribution system and proposition solution, development, bestowal of licences, hosting service
(6) Capital relation to this company:56.9% investment in the company
(7) Number of employees: 30

3. Purpose of the Change of Company Name
Since the establishment of the company, it has offered an Internet picture album service (a service in which digital photographic data are mainly stored through the Internet, as well as pursuing the operations of transmissions using uploaded photographic images, print outputs and the production of photographic general stores), the development of software, retail and license bestowals. In recent years, the company has branched out into broader fields such as systems solutions and the development of software, retail, renting and the development and operation of a multimedia contents distribution system. As the company will develop its operations even further in the future and requires a name that is both appropriate to its operational field and expresses the direction in which it wishes to go, a change in corporate name has taken place. "Gigno," part of the company's new name, means "to create" in Latin.


4. Business Results
There will be no effect on business results through this change in name.


Information
Plaza Create Co., Ltd
President's Office (Public Relations) Tsuge, Shinada
03-3222-3265
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