MAW Maruwa Co. Ltd

RNS Number:1094I
Maruwa Co Ld
25 August 2006


                                                                  25 August 2006

MARUWA CO., LTD.                    
3-83 Minamihonjigahara-cho, Owariasahi-city, Aichi-pref., 488-0044 JAPAN

                         (Translation)

      Notice regarding the appointment of an independent auditor

MARUWA CO., LTD. ("MARUWA") would like to announce that the Audit Committee met
on 25 August 2006, and passed a resolution appointing a temporary independent
auditor in accordance with the Japanese Company Law article 346-4 and 346-6 as
follows;

1. Reasons for appointment ChuoAoyama PricewaterhouseCoopers ("ChuoAoyama"), who
was the independent auditor of MARUWA, was suspended from auditing by order of
the Financial Services Agency of Japan on 10 May 2006 for the period 1 July 2006
to 31 August 2006.  Accordingly, they lost the status and resigned from being
MARUWA's independent auditor.

The Audit Committee had considered appointing a temporary independent auditor to
avoid the absence of an independent auditor for that period, but have not
reached appointment.  In this situation, the Audit Committee decided to
reappoint ChuoAoyama as our temporary independent auditor on 1 September 2006
after the suspension period ends in consideration of ChuoAoyama's understanding
of our business and accounting policy, past auditing performance, the
consistency of auditing, and the progress of internal reforms by ChuoAoyama.

2. Reappointed independent auditor

   ChuoAoyama PricewaterhouseCoopers*
   Kasumigaseki Bldg., 3-2-5 Kasumigaseki, Chiyoda-ku, Tokyo, Japan
   *Scheduled to be renamed to MISUZU Audit Corporation from 1 September 2006.

3. Date of engagement

   1 September 2006

                                          END


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