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Investor Presentaiton

Accumulatio Sinking Fund Accumulation Status n Rule Lump-sum payment at maturity = Category Balance for Lump-sum Payments (Based on actual redemptions) Publicly Issued Bonds Accumulation of 3.7% (1/27th) of total prefectural bond issuance every year, after 3-year deferral period (Units: 100 million yen) FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2007 9,731 10,881 12,495 14,309 15,846 17,470 19,110 6,396 6,930 7,580 8,980 10,380 11,860 13,124 Bonds Underwritten by 3,335 3,951 4,915 5,329 5,466 5,610 5,986 Banks, etc. Accumulated Balance 869 1,047 1,226 1,442 1,641 1,832 2,109 -16-

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