Hotel Okura Master the Majority Shares in JAL Hotels

Hotel Okura Co.., Ltd.. ("Hotel Okura") on Friday, August 6 announced that it has signed an agreement with Japan Airlines International Co.., Ltd.. ("Tears") to acquire 79.6 percent of shares issued by JAL Hotels Co.., Ltd. ("JAL Hotels") which is held by Jali.
Destination Hotel Okura is to strengthen the global competitiveness and strengthen its position as a global hotel chain that originated in Japan as well as to contribute to Japan's hotel industry.

Destination Hotel Okura is to strengthen the global competitiveness and strengthen its position as a global hotel chain that originated in Japan as well as to contribute to Japan's hotel industry.

This company primarily operates in Japan and other regions of Asia, and strive to be number one hotel in each destination.

JAL Hotels is a leading hotel chain operator Jepadng who owns the best selling and leading the network. Hotel chains have made his reputation abroad, especially in developing Asian markets, with the best quality.

Hotel Okura and JAL Hotels, which showed a similarity to each other as partners who share the company's direction and vision, hoping that a strong business synergy arising from the alliance through the transactions described in this announcement will not only deliver the good in terms of groups, international competitiveness and enriching human resources, but also will produce a variety of positive effects in areas such as marketing, business development, further expansion of existing training programs, share information and increase overall brand value

This is an acquisition of shares entirely in cash to acquire 6.8 million shares (79.6%) which is currently owned by Jali. Implementation of the agreement over shares of August 6, whereas the transitional period on 30 September 2010.

As a result of the transactions described in this announcement, JAL Hotels and Hotel Okura will partner to establish a cooperation framework. Hotel Okura believe that by combining a "guest house in Japan" with "wings of Japan," he was prepared to be the only hotel chain in the world that offers hospitality, comfort and service Japanese hotel.

In addition, after the acquisition, the Hotel Nikko and Hotel JAL City will continue using its name. Various programs, gift certificates, coupons and other marketing programs associated with the distance JAL will also continue.