The Taiyo Fund announced today that it has accumulated a position in excess of 5% in Nissha Printing Co. Ltd. (7915) to become its third largest shareholder. The Taiyo Fund is known for its cooperative investment style- working with senior management to enhance shareholder value.

Brian K. Heywood, Chief Executive Officer and Managing Partner of Taiyo Pacific Partners, said, "We are impressed by managementaddSchoolForms ability to leverage its core IMD (in-mold design) technology across many new, high growth markets. In addition, we are excited about the prospects for NisshaaddSchoolForms new touch screen business which is expected to be an additional growth pillar along with its dominant IMD business. Taiyo has a friendly and interactive relationship with management and we are confident they will continue to create value for shareholders."

Wilbur L. Ross Jr., Chairman of the Taiyo Fund investment committee said, "Nissha has successfully transformed itself from a conventional printing company into a niche leader in advanced and value-added materials. We see an expanding array of market opportunities for Nissha as consumers in both developed and developing countries increasingly demand higher quality and more sophisticated consumer electronics."

Mr. Junya Suzuki, President of Nissha, commented, "Taiyo Pacific is known as a fund that has a broad view and deep insight into Japanese Industry via its long term and friendly investment strategy. Nissha Printing has established friendly relations with Taiyo and both parties share a common understanding that a long term perspective is important in order to increase corporate value. At this time, we welcome TaiyoaddSchoolForms increased shareholding in our company."

The Taiyo Fund was organized in July 2003 with an initial equity investment of $200 million by CalPERS, the State of California Public Employees Retirement System. The Fund currently has over $1.3 billion under management. The Fund is co-managed by Taiyo Pacific Partners LP and by WL Ross & Co. LLC. Taiyo Pacific Partners, located in Monterey, California, was founded in 2003 by bilingual professionals dedicated to friendly shareholder activism in Japan.

For information contact:

Wilbur L. Ross
212-826-2111
wlross@wlross.com

Brian K. Heywood
425-986-5301
bheywood@tppllc.com

Added on August 29, 2007

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