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Establishment of North American Base with Acquisition of Shares of ITOCHU Technology, Inc.

ITOCHU Techno-Solutions Corporation

ITOCHU Techno-Solutions Corporation (head office: Chiyoda-ku, Tokyo; President & CEO: Yoichi Okuda; hereinafter, "CTC") announces that today, following a resolution of a meeting of the Board of Directors, it will acquire all of the shares of ITOCHU Technology, Inc. (hereinafter ITI) and make ITI a wholly owned subsidiary.

1. Reasons for the acquisition of shares

One of the growth strategies in the CTC's Medium-Term Management Plan is to expand global business. On this occasion, through the acquisition of ITI's shares, CTC will extend its research into state-of-the-art technology and market trends and its marketing activities in the North America region, and, in addition, by establishing its second independent overseas base after Singapore, plans to strengthen its global support framework for domestic customers.

2. ITOCHU Technology, Inc. Outline (as of February 1, 2012)

1) Name ITOCHU Technology, Inc.
2) Offices [Santa Clara Office(Headquarters)]
3945 Freedom Circle, Suite 350, Santa Clara, CA 95054
[New York Office]
317 Madison Avenue, Suite 1100, New York, NY 10017
3) President & CEO Shinichi Uemura
4) Main Business Maintenance and support of computers and network systems, Exportation of IT products, Research into state-of-the-art technology and market trends
5) Paid-in Capital $3,750,000
6) Established 1990
7) Major shareholders and ownership ITOCHU Corporation 80%
ITOCHU International Inc. 20%

3. Number of shares to be acquired and share ownership before and after the acquisition

1) Number of shares owned before the transfer 0 shares (percent owned -%)
2) Number of shares to be acquired 375 shares (voting shares 375 shares, percent owned 100%)
3) Number of shares owned after the transfer 375 shares (voting shares 375 shares, percent owned 100%)
4) Investment percentage following the acquisition ITOCHU Techno-Solutions Corporation 100%

4. Schedule

February 1, 2012 Resolution by Board of Directors
March 31, 2012 Acquisition of shares (schedule)
April 1, 2012 Corporate name changed to ITOCHU Techno-Solutions America, Inc. (schedule)

5. Impact on future business results

The acquisition of the subsidiary in question will have an insignificant impact on consolidated business results for the March 2012 term.

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Contact Information

ITOCHU Techno-Solutions Corporation
Corporate Communications Dept.

E-Mail : press@ctc-g.co.jp

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