The Taiyo Fund announced today that it has accumulated a position in excess of 5% in Roland DG Corp (6789) to become its second 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 commitment to process innovation and the companyaddSchoolForms unique addSchoolFormdigital factoryaddSchoolForm which stands as a model for manufacturers worldwide. We are excited about the growth opportunities for the companyaddSchoolForms leading-edge products and are confident management will continue to create value for shareholders." Wilbur L. Ross Jr., Chairman of the Taiyo Fund investment committee said, "Leading companies across many industries have visited Roland DGaddSchoolForms factory to understand the success of their defect-free production system. We are proud to be invested in this world-class innovator."

Mr. Masahiro Tomioka, President of Roland DG, commented, "We are honored to have the Taiyo Fund invest in us from the mid-to-long term investment perspective. We will continue to foster open and transparent management for our shareholders as well as to sustain our growth by actively developing our strength - innovation of our clientsaddSchoolForm business processes by the use of digital equipment - in various industries."

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 $1.2 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 April 17, 2006

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