Notice of Stock Repurchase from the Market| USS

October 28, 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 October 28, 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 1,000,000 (3.17% of shares issued, excluding treasury shares)
(3)Aggregate purchase amount:	Up to 6,000 million yen
(4)Method of purchase:	Open market purchase
(5)Date of purchase:	October 29, 2008 to December 22, 2008

Reference:
Treasury shares held by the Company as of September 30, 2008

Total number of shares issued, excluding treasury shares: 31,549,165
Total number of treasury shares: 1,146,817