Millea Group's risk exposure to U.S. SPLs as of the end of six months ended September 30, 2007 was approximately ￥26.9 billion ("bn"), as compared with approximately ￥26.2 bn, the amount previously announced on August 22, 2007. The difference was mainly due to the risk exposure in connection with credit derivatives that were indirectly related to U.S. SPLs, further found through a detail review on the components of CDOs conducted after the August 22, 2007 announcement. The impairment loss related to US SPLs as of the end of six months ended September 30, 2007 amounted to approximately ￥1.4bn

[Note] Breakdown of the SPLs related risk exposure was as follows: Credit derivatives (approx. ￥8.0bn), hedge fund investments (approx. ￥1.5bn), asset backed securities (approx. ￥1.2bn ) and financial guaranty treaty reinsurance written (approx. ￥16.2bn )