Park24 has resolved at the meeting of its Board of Directors held today, on December 15, 2004, to increase the projected per-share dividend to be paid at the end of FY2005.

1. Reason for the dividend increase
The projected year-end dividend for the FY2005 has been raised from 20 yen per share (projected for FY2004) to 12 yen per post-split share, reflecting the Company's growth and enhancing shareholders' value. Adjusted for the 2 for 1 stock split (Oct. 13, 2004), the actual dividend increase will be 2 yen per share.

2. Dividend for the term ending Oct. 31, 2005