The press release dated April 28, 2005, "Aquisition of a property & casualty insurance company and a life & pension insurance company in Brazil" (see PDF), shall be updated as follows:

(1) Seller and purchaser of the stock
As a result of a comprehensive review of the transaction, the seller and purchaser of the stock have been changed as follows:

      Seller: (before change) ABN AMRO Dois Participacaoes S.A. (Brazil) 
                 (after change) ABN AMRO Bank N.V. (Netherlands) 

       Purchaser: (before change) Tokio Marine & Nichido Fire Insurance Co., Ltd.
                        (after change) Millea Holdings, Inc.


(2) Final purchase price
Based on the calculation methodologies as had been agreed to by the parties, the final purchase price has been finalized at approximately R$960 million (JPY45.1 billion at the exchange rate of R$1=JPY47).


(3) Closing date
This transaction is now expected to close on July 7, 2005, Brazil time (previously announced as "summer of 2005").


All other announcements made on April 28, 2005 on this matter remain unchanged.