News File

TIFFE's New Chairman and Chief Executive

(May 16,2000)

The Tokyo International Financial Futures Exchange (TIFFE) announces that Jiro Saito is inaugurated today as Chairman and Chief Executive of TIFFE at the 11th general meeting. Saito, 64, a former Administrative Vice Minister of Ministry of Finance, is succeeding Hiroshi Yoshimoto, who is stepping down today.

The new TIFFE management is as follows:

Chairman and Chief Executive Jiro Saito
Senior Managing Director Takao Hotta
Managing Director Takashi Murakami
Executive Auditor Noriyasu Kagomiya