Fukuoka Stock Exchange (hereinafter referred to as "FSE") believes that it is our social responsibility to protect personal information obtained over the course of performing business activities, and has drawn up this privacy policy as a guideline for protection of the personal information in our possession.

1.Obtaining personal information

FSE will obtain personal information using only fair and legal methods.

2.Publicity of use of personal information purposes, Etc.

When personal information is obtained by FSE, the purposes of usage will be specified, and these purposes will be published, notified, or explicitly stated.

3.Use of personal information

FSE will only use personal information within the boundaries necessary for achieving its usage purposes. If the usage purposes originally specified are changed due to some significant reason, FSE will complete the necessary procedures in accordance with the personal information protection law, etc. However, sensitive information that is acquired over the course of business will not be used for any purposes other than those originally specified.

4.Provision of personal information to a third party

FSE will not provide personal information to a third party without prior consent. When providing such information to a third party, FSE will complete the necessary procedures in accordance with the personal information protection law, etc.

5.Joint use of personal information

There are some instances in which FSE uses personal information jointly with a third party within the boundaries of usage purposes. When information is used jointly, FSE will act in accordance with the personal information protection law, etc.

6.Acquisition and use of personal information over the course of self-regulatory operations

Under the Financial Instruments and Exchange Law, FSE is defined as a "self-regulatory institution."FSE has drawn up its articles of incorporation, other rules and regulations based on this law, and requires parties such as securities membership corporations and issuers of listed securities to submit or disclose necessary reports or materials that contain items considered personal information. FSE requires this submission or disclosure in order to perform the operations required by the Financial Instruments and Exchange Law for ensuring fair price formation and smooth circulation in the exchange securities market, as well as protecting investors (hereinafter referred to as the "self-regulatory operations").

With respect to these self-regulatory operations, notwithstanding the provisions of Rule 2 above, purposes of the personal information use are not published, notified, or explicitly stated in these cases. FSE will only use personal information obtained over the course of the self-regulatory operations within the boundaries of the relevant self-regulation purpose. In cases in which another self-regulatory institution (including financial instruments exchanges, financial instruments traders associations, and organizations in foreign countries corresponding to these) makes a request for information, notwithstanding the provisions of Rule 4 above, FSE may provide the information to the relevant institution when FSE deems that complying with the request is suitable.

7.Protection and security of personal information

When using personal information within the boundaries necessary to achieve the purposes of personal information use, FSE makes efforts to ensure that the information is accurate and up to date. FSE takes appropriate and continuous steps in security management to prevent leakage, loss, or corruption of personal information.

8.Supervision of personnel and consignees

FSE conducts necessary and appropriate supervision of our personnel in order to manage the security of personal information. Also, when FSE consigns the handling of personal information to a third party, we will carefully select the third party consignee and conduct necessary and appropriate supervision of this party so that the security of personal information is appropriately managed.

9.Disclosure of personal information, etc.

When an individual or a party whom the individual has entrusted makes a request though a method that FSE sets forth for notification or disclosure of purposes of use, correction, or suspension of use or provision of personal information that FSE possesses, FSE will respond faithfully to the request as specified by laws and regulations. Please refer to "Handling of Personal Information" for specific request methods.

10.Inquiry response

FSE maintains methods for responding to complaints and questions regarding the handling of personal information, working to ensure a speedy and earnest response. Please refer to "Handling of personal information" for specific inquiry methods.

11.Organizational structure for personal information protection

The president of FSE serves as the Chief Personal Information Protection Officer. FSE conducts appropriate personal information management through the division for personal information protection and by assigning personnel responsible for managing personal information to each department that handles such.

12.Enactment of personal information protection regulations

FSE will draw up personal information protection regulations, etc. in order to implement this privacy policy, and will conduct thorough notification of FSE's executives and employees of both the privacy policy and regulations. Moreover, FSE will periodically inspect the status of these efforts, and implement improvement measures as required.

13.Education and training

In an effort to appropriately manage personal information, FSE has drawn up plans for education and training for FSE executives and employees with regards to the privacy policy and personal information protection regulations, and conducts this education and training as needed. FSE will periodically inspect the status of these efforts, and implement improvement measures as required.

14.Compliance with laws and regulations

In striving to protect personal information, FSE will adhere to the personal information protection law and other laws and regulations, as well as financial industry guidelines regarding the protection of personal information. In order to securely protect personal information, FSE will review and improve this Privacy Policy on a continuous basis, in the light of changes to the relevant laws and regulations in Japan.

April 1, 2005

Securities Membership Corporation Fukuoka Stock Exchange
Chief Personal Information Protection Officer / President
Naohiko Matsuno

For more information regarding handling of personal information, please refer tohandling of personal information