Appointments of new Executive Management (June 30, 2006) JNFL announced the following new appointments of Executives, following the 27th stockholders' general meeting and the 183rd board of directors meeting. I.Newly Appointed Directors Executive Vice President Teruaki SUZUKI (former Senior Managing Director) Executive Vice President Yoshihiko KAWAI (former Senior Managing Director) Senior Managing Director Koichi IKEDA (newly appointed) Managing Director Shigeru KUWAHARA (newly appointed) Director Hiromitsu IRIE (newly appointed) Director Toshio MITA (newly appointed, non-permanent) Director Takashi YAMASHITA (newly appointed, non-permanent) II.Outgoing Directors Executive Vice President Mitsuo SUZUKI Managing Director Morihiro YONEDA Director Fumio KAWAGUCHI (non-permanent) Director Shigeo SHIRAKURA (non-permanent)

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