July 21, 2005

Establishment of Crab Processing Company in the United States

UniSea, Inc. (Headquarters: Redmond, Washington), the U.S. subsidiary of Nippon Suisan Kaisha, Ltd. (President & CEO: Naoya Kakizoe), and a local partner have jointly established BERING SEA PARTNERS, LLC (hereinafter "BSP") as a new company in order to acquire a processing quota for crabs in the United States. The new company aims to contribute to the expansion and development of UniSea, Inc.'s crab business by operating within the framework of new regulations (*1) concerning the harvest and processing of crabs in Alaska. In accordance with this aim, BSP has acquired Royal Aleutian Seafoods Inc., which possesses a crab quota in the State of Alaska.

The Nissui Group is pressing forward with the development of integrated business systems and a global supply chain based on those systems. As part of this initiative, it has worked to strengthen its access to marine resources, and this new company will extend that capability in the United States.

The volume of crabs handled by UniSea, Inc. in the Alaska area will double thanks to this new company, classing Nissui as the top group in the Alaska area.

(*1)Bering Sea Crab Rationalization Regulations New regulations which enforce a change from Olympic-style fishery (harvesting through free competition within a set limit) to a quota system under which a harvest quota is given to fishery operators and a processing quota is given to each processor based on the volume of crabs harvested.