32 Old Slip, 11th Floor
New York, NY 10005, U.S.A.
Telephone: (212) 612-8500
Fax: (212) 612-8518
E-mail:  dsbiusa@dsbiusa.net

Contacts:

• Hideo Tanaka, President & CEO
• Yoshiaki Uematsu, Managing Director

Investment Management Products Offered In The U.S.

• Pacific Rim/Asian Emerging Markets
• Pacific Basin (Asian Emerging Markets & Japan)
• Japan Equities - Fundamental
• Japan Equities - Small Sized

History, Ownership & Resources

Daiwa SB Investments Ltd. ("DSBI"), formerly known as Daiwa International Capital Management Corp., was established in 1973 as an investment advisory firm specializing in Asian equity management. DSBI manages approximately $52.1 billion for clients worldwide, almost $10 billion of which is invested on behalf of institutional clients outside of Japan as of March 31, 2008. In addition to our Tokyo headquarters, DSBI maintains subsidiaries in New York, London, Hong Kong, and Singapore, all of which are SEC-registered in the U.S, as well as a representative office in Seoul, South Korea.

DSBI has built a significant presence throughout Asia based upon our philosophy of local portfolio management. We believe that local portfolio managers and analysts, residing within the markets in which we invest, are essential for successful long-term performance within this region. Currently, DSBI maintains 380 investment professionals of which 58 are portfolio managers. Knowledge of the region's languages and cultures, along with access to key corporate executives and government officials, makes DSBI's local presence a key ingredient in our success. Our expertise in regional management is strengthened by the successful country funds we manage in Malaysia, Indonesia, Thailand, Singapore, Taiwan, and Japan, as well as the DSBI Asian Growth Fund, which invests primarily in the emerging markets of the Pacific Rim.

A distinguishing characteristic of DSBI's investment capability is the Daiwa Institute of Research ("DIR"), and Japanese Research Institute ("JRI"). DIR is one of Japan's leading economic and financial research institutions. DSBI is a major stockholder in DIR and utilizes its resources as an internal research source for its proprietary database of Asian company fundamentals and country specific economic forecasting. DIR maintains research facilities worldwide. Its Asian network includes Tokyo, Osaka, Hong Kong, Singapore, Taipei, Melbourne, Seoul, Manila and Beijing. JRI conducts comprehensive research activities within the Pacific Rim countries and they are also very strong in macro research.