News Releases

Issued the First Private Placement Bond

PetroMaterials Corporation
September 30, 2005

In order to secure investment funds for the petroleum machinery manufacturing business, our company issued its first unsecured private placement bond on September 30, 2005. The total amount of this issue is 500 million yen and the maturity is five years. All these funds have been guaranteed by Sumitomo Mitsui Banking Corporation.

To obtain more investment funds for expansion of the business, our company is now considering an increase of the third party allotment, issuing more private placement bond, and introducing shares.