1. Objective of the Merger In accordance with the ANA Group FY2010-2011 Corporate Strategy announced on March 19, 2010, and in response to the changing environment of the airline industry overall, the two companies in question, both of which operate Boeing 767 aircraft, will merge in order to build a more flexible operating structure and streamline their operations. 2. Outline of the Merger (1) Merger schedule* March 25, 2010 Merger placed on agenda at ordinary meeting of the Company's Board of Directors April 2, 2010 AJX/AJV merger resolution voted on at an extraordinary meeting of the Board of Directors AJX/AJV merger agreement signed April 16, 2010 (anticipated) Approval of AJX/AJV merger at extraordinary meeting of shareholders July 1, 2010 (scheduled) AJX/AJV merger date (effective date) *Subject to the approval of relevant government agencies (2) Method of merger This will be an acquisition and merger, with AJX the surviving company; AJV will be dissolved. (3) Allocation of shares related to merger The Company acquired the AJV shares held by Japan Post Service Co., Ltd., Nippon Express Co., Ltd. and Mitsui O.S.K. Lines, Ltd. as of April 1, 2010. As a result, as of the scheduled effective date, both companies in the merger will become wholly-owned subsidiaries of the Company, and there will thus be no issue of new shares or payment of funds resulting from the merger. (4) Handling of the extinct company's new share warrants and corporate bonds with preemptive rights AJV, the extinct company, has issued no new share warrants or corporate bonds with preemptive rights.To view the full text of this press release go to: http://www.ana.co.jp/eng/aboutana/press/index_sm.html ALL NIPPON AIRWAYS CO., LTD.
President and CEO: Shinichiro Ito
(Code number: 9202, First Section of the Tokyo Stock Exchange and Osaka Securities Exchange)
Contact Information: Contact: Yasuo Tanji Director, General Administration All Nippon Airways Co., Ltd. Tel. +81-3-6735-1001