May 30, 2001

JATCO TransTechnology Ltd. (Chairman and CEO: Mr. Kenichi Sasaki, Head Office: Fuji City, Shizuoka, Japan, Capital: approx. 29.935.3 million yen) has decided the new board members and would like to make the following announcement.

Corporate Officers were appointed in the Board Members’ Meeting on May 29, 2001 and will be effective from June 29, 2001. As for Board Members and Auditors, they will be appointed at the General Stockholders’ Meeting scheduled on June 29 and the Board Members’ Meeting afterwards, then will be effective from June 29.

1. New Top Management * New appointment

1) The Corporate Officers (Effective June 29, 2001)

*Senior Vice President Toshimasa Doi

*Senior Vice President Makoto Ueda

2) The Corporate Officers’ responsibilities (Effective June 1, 2001 and July 1, 2001)

3) The Board Members and Auditors (Effective June 29, 2001)

Chairman and President

*Senior Auditor Hajime Kurokawa

*Auditor Tadao Takei

2. Corporate Officers & Board Members to be retired.

1) Corporate Officers (Effective June 29, 2001)

Senior Vice President Tadahiko Matsuo

New position; President of AT Engineering Corp.

(Effective June 28, 2001)

Senior Vice President Shumpei Takasaki

(Effective June 29, 2001)

2) Board Members (Effective June 29, 2001)