Shinsei Servicer was established in October 2001 as a member of the Shinsei Bank Group (listed on the Tokyo Stock Exchange, First Section). As a servicing company under the "Law Concerning Special Measures for Servicing Business" (the "Servicer Law"), Shinsei Servicer holds License No. 63 issued by the Minister of Justice.

Shinsei Servicer provides high-quality service in a broad array of areas ranging from servicing of non-performing loans, to primary, backup and special servicing for securitization schemes. We do this with a staff well-versed in finance, real estate and all aspects of securitization, who work closely with lawyers, real estate appraisers and other highly experienced and expert advisors. In addition, we have a robust infrastructure including data management systems with a full range of functions, and security and backup measures, specialized for use in servicing; these are enhanced by a sophisticated compliance system and internal controls at the same high level as those of Shinsei Bank. To date, we have managed approximately 4.7 trillion yen in assets and received high ratings from rating agencies for our collection performance in servicing these debts. We provide high-quality performance that meets clients' diverse demands and are confident we can live up to the trust they place in us.

We aim to combine our infrastructure and history of solid performance with the experience and know-how of the Shinsei Bank Group to solidly respond to client needs regarding the processing of non-performing loans, liquidating assets and revitalization of businesses. We also intend to contribute to the sound development of the Japanese economy by pursuing these economic activities and upholding the spirit and intent of the Servicer Law. We hope that you will choose Shinsei Servicer as your servicer whenever the need arises.

Shigeru Yamada, President
Shinsei Servicing Company