August 3, 2010

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
Junior Managing Director, Officer, Supervisory Office

USS Co., Ltd. hereby announces that it has decided, at a meeting of the Board of Directors held on August 3, 2010, to absorb its wholly owned subsidiary USS Kanto Co., Ltd (USS Kanto hereafter) in an absorption-type merger as follows.

The disclosure items and contents are partially abbreviated because the merger concerns a wholly-owned, consolidated subsidiary of USS.

1. Aim of merger
As a result of a review conducted to improve the business efficiency of the Group, USS has decided to absorb by merger its consolidated subsidiary USS Kanto that operates the USS Saitama auction site in Iruma City, Saitama Prefecture and the USS Ryutsu auction site in Noda City, Chiba Prefecture.

2. Details of merger

(1)	Merger schedule
		Meeting of Board of Directors to decide on merger	August 3, 2010
		Merger contract concluded	August 3, 2010
		Scheduled effective date of merger (date of entry into force)	October 1, 2010
		Note: The merger is being conducted in accordance with the provisions of Articles 796-3 and 784-1 of the Company Law of Japan and so there is no necessity for the merger contract between USS and USS Kanto to be approved by a shareholders’ meeting.
(2)	Merger method USS will absorb USS Kanto. As a result, USS will be the surviving company and USS Kanto will be dissolved.
(3)	Merger ratio and payment No new shares will be issued and no cash-out payment will be made as a result of the merger.
(4)	The merger will have no effect on dealings in the warrants for new shares and bonds with warrants for new shares of the dissolved company.

3. Profiles of companies to merge

Notes:

1)	The contents of items (1) Trade name through (8) Fiscal year of the Profiles of the Companies to Merge are as of July 31, 2010 and (9) Major shareholders and pct. of stock held are as of March 31, 2010.
2)	The contents of items (10) Net assets through (17) Net income per share of the Companies to Merge are taken from the March 2010 consolidated earnings of USS and the March 2010 non-consolidated earnings of USS Kanto.
3)	On April 1, 2010, USS Kanto absorbed USS Ryutsu Auto Auction Co., Ltd., a wholly-owned, consolidated subsidiary of USS at the time, by merger. A profile of USS Ryutsu Auto Auction Co., Ltd. as of March 31, 2010, follows.