Yamatake Corporation

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Press Release

March 30, 2004
Yamatake Corporation Announces New President & CEO, Seiji Onoki

The following new appointments have been resolved at the Board of Directors' meeting of Yamatake Corporation on March 30, 2004. New assignments will be effective June 29, 2004.

[New Representative Executives]
President & Chief Executive Officer: Seiji Onoki
(Currently Executive Director & Managing Executive Officer, President of Advanced Automation Company)

Chairman & Representative Executive Director: Yoshiharu Sato
(Currently President & Chief Executive Officer, Representative Executive Director)

The background to these new appointments is that:
- The “in-house company" system has been firmly established since its introduction in April 2003, and furthermore,
- The Company aims at significant business growth and a quantum leap in the 21st century to celebrate the Company's 100th Anniversary in 2006.

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