Notice Regarding Appointment of Audit & Supervisory Board Member

Note: This English document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translation and the Japanese original, the Japanese original shall prevail. Tosei Corporation assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

To whom it may concern

January 23, 2015

Tosei Corporation
Toranomon Tosei Building, 4-2-3 Toranomon, Minato-ku, Tokyo
President and CEO: Seiichiro Yamaguchi
Securities code: 8923 (Tokyo Stock Exchange, First Section)
S2D (Singapore Exchange, Mainboard)
Contact: Director and CFO: Noboru Hirano
TEL: +81-3-3435-2864

Notice Regarding Appointment of Audit & Supervisory Board Member

Tosei Corporation (the "Company") hereby announces that it has resolved at the Board of Director meeting held on January 23, 2015, to submit a proposal regarding the appointment of Audit & Supervisory Board Member to the 65th Ordinary General Meeting of Shareholders scheduled on February 25, 2015.

  1. 1.Reason for Appointment

    With the condition precedent that Proposal 2 is approved and the number of Audit & Supervisory Board Members is increased, the Company proposes an increase by one person in the number of Audit & Supervisory Board Members and the election of the said person, in order to strengthen the auditing structure and improve corporate governance.

    　
  2. 2.Profile of New Audit & Supervisory Board Member
    Name
    (Date of birth)    		Career summary and position and areas of responsibility in the Company
    Hiroshi Nishinakama
    (Jul. 28, 1954)    		 Apr.1978 Entered The Sanwa Bank, Limited (the predecessor of The Bank of Tokyo-Mitsubishi UFJ, Ltd.)
    Oct.1987 Manager of London Branch
    May 1992 Senior Manager of International Business Promotion Department, Americas Office
    Aug.1994 General Manager of Kwai-Chung Sub Branch of Hong Kong Branch
    Aug.1996 Senior Manager of Credit Administration Department
    Oct.1999 Senior Vice President of Derivative Products Department
    Jan.2002 UFJ Bank Limited (the predecessor of The Bank of Tokyo-Mitsubishi UFJ, Ltd.)
    Senior Manager of Internal Audit Department
    Jan.2006 The Bank of Tokyo-Mitsubishi UFJ, Ltd. Senior Manager of Internal Audit & Credit Examination Division
    Apr.2007 Entered ORIX Real Estate Corporation General Manager of Internal Audit Department
    Mar.2008 Transferred to ORIX Corporation
    Joint General Manager of Internal Audit Department(current position)
    Jul.2008 Audit & Supervisory Board Member of ORIX Real Estate Corporation
    Mar.2012 Board Director and General Manager of Internal Audit Department of ORIX Real Estate Investment Advisors Corporation(current position)

    Note: He is candidates for outside Audit & Supervisory Board Member.

End