The Board of Directors Meeting the company held on May 12, Thursday, has passed the agenda for executive changeover as follows: Executive changes as of June 29 upon final approval at the Ordinary General Shareholders Meeting to be held on June 29, as well as at the Board Meeting to be held on the same day: Change of Representative 1) New representative director, president and chief executive officer: Mr. Takayuki Yamagishi, now Director,Senior Managing Executive Officer, General Manager of Engineering Headquarters 2) Retiring representative director, president and chief executive officer: Mr. Tsugio Yamamoto Other Executive Changes 3) New Directors: Hiroharu Katogi (Now Managing Executive Officer, in charge of Business Administration and Investor Relations) Akihiro Hirao (Now Executive Officer, General Manager of Omori Manufacturing Unit) Eiichi Kobayashi (Now Executive Officer, General Manager of Production Technology Center and Tool & Die Dept. of Karuizawa Manufacturing Unit) Takashi Matsuoka (Now Managing Director of Keiaisha Co., Ltd.) Independent director as required under Article 188, Paragraph 2, item 7-2 of the Japanese Commercial Code. 4) Retiring Directors: Tsugio Yamamoto (Now Representative Director, President and Chief Executive Officer) Rikuro Obara (Now Director, Senior Managing Executive Officer, General Manager of Manufacturing Headquarters and Karuizawa Manufacturing Unit) Kenji Senoue (Now Director, Senior Managing Executive Officer, Member of the Tokyo Head Office Administration Executive Council, in charge of Strategy Planning) Atsushi Matsuoka (Now External Director) Attached for your reference is Mr. T. Yamagishi’s business career. Date of birth:May 14, 1938 Career: Mar,1962 Graduated from Faculty of Engineering, Hokkaido University Mar,1962 Joined Minebea Assigned to manufacturing and engineering of bearings, mechanical components, etc. at Karuizawa Manufacturing Unit. Jul, 1983 General Manager of 3rd Manufacturing Dept. of Karuizawa Manufacturing Unit Jan, 1984 General Manager of Karuizawa Manufacturing Department,Measuring Components Division Mar,1988 Deputy General Manager of Electronics Business Division Dec,1988 Director Sep,1989 General Manager of Electronic Devices Division Dec,1992 Managing Director Dec,1994 Senior Managing Director, General Manager of 2nd Manufacturing Headquarters Dec,1995 In charge of R&D Center, President and Representative Director of Minebea Electronics Co., Ltd. Apr,1997 General Manager of Hamamatsu Manufacturing Unit Apr,2001 In charge of R&D Headquarters Apr,2003 General Manager of Engineering Headquarters （Present） Jun,2003 Director, Senior Managing Executive Officer　（Present）