RNS Number:7755K
Autobacs Seven Co.Ld
07 May 2003

May 7, 2003

To Whom it May Concern


Koichi Sumino

Chief Executive Officer and Representative Director

Autobacs Seven Co., Ltd.

13-16, Mita 3-chome, Minato-ku, Tokyo

(Code No.: 9832 of the First Section of The Tokyo Stock Exchange and The Osaka
Securities Exchange, The London Stock Exchange)

Person to Contact:

Masaaki Takizawa

Corporate Planning & Control Office

Telephone No.: 03-3454-0433

       Business and Capital Tie-up with AUTO TRADING Luft Japan Co., Ltd.


Please be advised that we resolved at the meeting of the Board of Directors of
the Company held on April 8, 2003 that Autobacs Seven Co., Ltd. (the "Company")
would enter into a business and capital tie-up with AUTO TRADING Luft Japan Co.,
Ltd. ("AUTO TRADING") and entered into an agreement concerning the said business
and capital tie-up with AUTO TRADING as of May 1, 2003, as follows:


1.   Purpose of Tie-up

The Company and AUTO TRADING aim to further expand the business under the
following business targets:

(1)     To realize an ideal environment for car enthusiasts and to create a
value of new culture of driving cars;

(2)     To establish a unique automobile distribution network in Japan; and

(3)     To establish a new combination of automobile distribution and after sale
maintenance services.



2.   Business Tie-up

(1)     Sales of Automobiles

The Company will join to deal with cars which AUTO TRADING is handling as a
distributor.

(2)     Maintenance of Automobiles

AUTO TRADING will entrust to the Company, the maintenance services and the
installation or exchange services of parts and accessories for all cars sold
through the network of AUTO TRADING.

(3)     Sales of Automobile Parts and Accessories

AUTO TRADING will recommend to its customers to buy from the Company parts and
accessories for the cars sold through the network of AUTO TRADING.



3.   Capital Tie-up

The Company will acquire 24.1% of the aggregate number of shares issued after
the capital increase by AUTO TRADING, by subscribing for its new shares under
its third-party allotment.



4.   Details of Third-Party Allotment

(1)    Name of Issuer:                        AUTO TRADING Luft Japan Co., Ltd.

(2)    Number of Newly Issued Shares:         2,460 shares

(3)    Issue Price:                           300,000 yen per share

(4)    Aggregate Issue Price:                 738,000,000 yen.

(5)    Application Date:                      May 7, 2003 (Wednesday)

(6)    Payment Date:                          May 8, 2003 (Thursday)

(7)    Number of Shares Allotted to the 
       Company:                               Autobacs Seven Co., Ltd.:
                                              1,340 shares

5.   Effect on Business Results

The Company expects that the effect of this business and capital tie-up on the
business results of the Company for the current fiscal year will be slight.


(For Your Information)

General Information of Autobacs Seven Co., Ltd. (as of September 30, 2002)

     (1)      Trade Name:                 Autobacs Seven Co., Ltd.

     (2)      Incorporation:              August 1948

     (3)      Location of Head Office:    13-16, Mita 3-chome, 
                                          Minato-ku, Tokyo, 108-8307

     (4)      Representative:             Koichi Sumino

Chief Executive Officer and Representative Director

     (5)      Amount of Capital:          31,958,700,000 yen.

     (6)      Aggregate Number of Issued 
              Shares:                     37,481,493 shares

     (7)      Number of Employees:        3,635 (consolidated)

     (8)      Principal Businesses:       Sale,import and export, and 
                                          installation and exchange services of 
                                          automobile parts and accessories; 
                                          and franchise operation of "AUTOBACS", 
                                          a general store specializing in 
                                          automobile parts and accessories, and 
                                          other stores.

     (9)      Amount of Sales:            227,738 million yen (for the fiscal 
                                          year ended March 2002, consolidated)

     (10)    Number of Stores:            531 (including 10 overseas stores, as 
                                          of May 7, 2003)

     (11)     HP Address:                 http://www.autobacs-seven.com


General Information of AUTO TRADING Luft Japan Co., Ltd. (as of September 30,
2002)

(1)  Trade Name:       AUTO TRADING Luft Japan Co., Ltd.

(2)  Incorporation:    February 1988

(3)  Location of 
     Head Office:      3-38-15, Chigusa, Chigusa-ku, Nagoya-shi, Aichi, 464-0858

(4)  Representative:   Tatsuki Nambara Representative Director and President

(5)  Amount of Capital: 578,710,000 yen.

(6)  Aggregate Number of Issued Shares:         3,100 shares

(7)  Number of Employees:       97 (Group total: 210, as of May 7, 2003)

(8)  Principal Business:        Sale of imported cars

(9)  Amount of Sales:           6,051 million yen (Group consolidated: 9,880 million yen. for the fiscal year ended
                                September 2002)

(10) Number of Stores:          6 (Group total: 15, as of May 7, 2003)

(11) HP Address:                http://www.autotrading.co.jp



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