Notice of Terms for Issuance of Stock Options (Stock Acquisition Rights)

July 29, 2008

To All Stakeholders:
Company: USS Co., Ltd.

President and CEO: Yukihiro Ando
Stock code: 4732
Stock exchange listings: Tokyo and Nagoya (first sections)
Tel: +81-52-689-1129
Contact: Masafumi Yamanaka
Managing Director
Junior Managing Director, Officer, Supervisory Office

Notice of Stock Repurchase from the Market
(In Accordance with the Provisions of the Company’s Articles of Incorporation, Pursuant to Article 165.2 of the Company Act)

USS Co., Ltd. (the ”Company”) hereby serves notice that, at a meeting held on July 29, 2008, the Board of Directors approved the repurchase of the Company’s shares from the market pursuant to the provisions of Article 156 of the Company Act, which is made applicable by Article 165.3 of the Company Act.

1.	Rationale The stock repurchase will enable the board to adopt timely and flexible financial strategies in response to changes in the Company’s operating environment.
2.	Details of Acquisition of Shares: (1) Type of shares to be repurchased: USS common shares (2) Total number of shares authorized for repurchase: Up to 500,000 (1.56% of shares issued, excluding treasury shares) (3) Aggregate purchase amount: Up to 3,750 million yen (4) Method of purchase: Open market purchase (5) Date of purchase From July 30, 2008 through September 22, 2008
3.	Reference: Treasury shares held by the Company as of June 30, 2008 >Total number of shares issued, excluding treasury shares: 32,024,176 >Total number of treasury shares: 671,806