Head Office

Yamato Transport Co., Ltd. 16-10, Ginza 2-chome, Chuo-ku, Tokyo 104-8125, Japan Telephone: (03) 3541-3411 Facsimile: (03) 3542-3887

Domestic Offices

2,775

Major Subsidiaries and Affiliates

Yamato System Development Co., Ltd.* Chiyoda Packaging Industry Ltd.* Konan Industry Co., Ltd.* Kyushu Yamato Transport Co., Ltd.* Shikoku Yamato Transport Co., Ltd.* Okinawa Yamato Transport Co., Ltd.* Kyoto Yamato Transport Co., Ltd.* Kobe Yamato Transport Co., Ltd. Yamato Collect Service Co., Ltd.* Yamato Lease Co., Ltd.* Yamato Shoji Co., Ltd.* Book Service Co., Ltd.* Yamato UPS International Air Cargo Co., Ltd.* Yamato Home Service Co., Ltd. Chubu Yamato Home Service Co., Ltd. Kansai Yamato Home Service Co., Ltd. Chugoku Yamato Home Service Co., Ltd. Kyushu Yamato Home Service Co., Ltd. Tohoku Yamato Home Service Co., Ltd. Hokushinetsu Yamato Home Service Co., Ltd. Shikoku Yamato Home Service Co., Ltd. Yamato Parcel Service Co., Ltd. Miyagi Green Liner Co., Ltd. Iwate Green Liner Co., Ltd. Saitama Green Liner Co., Ltd. Niigata Green Liner Co., Ltd. Aichi Green Liner Co., Ltd. Chugoku Green Liner Co., Ltd. Fukuoka Green Liner Co., Ltd. Yamato Logistics Produce Co., Ltd. Swan Co., Ltd. Swan Net Co., Ltd. Minami Kyushu Green Co., Ltd. Shikoku Yamato Distribution Service Co., Ltd. Yamato Career Service Co., Ltd. Yamato Transport U.S.A., Inc.* Yamato Customs Brokers U.S.A., Inc.* Yamato International Forwarding, Inc.* Yamato Transport (U.K.) Ltd.* Yamato Transport Europe B.V.* Yamato Systems U.S.A., Inc. Yamato Transport (Canada) Inc. Yamato Transport (Hong Kong) Ltd. Yamato Travel Hong Kong Ltd. Yamato Transport (S) Pte. Ltd. Yamato Transport (M) Sdn. Bhd. Yamato Transport (Deutschland) GmbH UPS Yamato Co., Ltd. UPS Yamato Express Co., Ltd. Yamato Transport Taiwan Ltd. Yamato Unyu (Thailand) Co., Ltd. UPS Yamato Partnership USA *Consolidated subsidiaries

Common Stock

Authorized: 530,000,000 shares Issued: 461,278,477 shares

Stock Exchange Listing

Tokyo Stock Exchange

Transfer Agent and Registrar

Mizuho Trust & Banking Co., Ltd.

Annual Meeting

The annual meeting of shareholders is normally held in June in Tokyo, Japan.

Auditors

Deloitte Touche Tohmatsu (by Tohmatsu & Co., the Japanese member of Deloitte Touche Tohmatsu)

Principal Shareholders Percentage of total shares outstanding

Japan Trustee Services Bank, Ltd. (Trust Account) 6.26% The Mitsubishi Trust & Banking Corp. (Trust Account) 5.27% The Fuji Bank, Ltd. 3.74% The Meiji Mutual Life Insurance Co. 3.11% The Yasuda Mutual Life Insurance Co. 2.66% Yamato Employees� Stock Holding Association 2.61% The Toyo Trust & Banking Co., Ltd. (Trust Account A) 2.16% The Sakura Bank, Ltd. 2.12% The Sumitomo Life Insurance Co. 1.83% Nippon Life Insurance Co. 1.77% Total 31.55%

Stock Price Range (Tokyo Stock Exchange)

(Yen)   High Low First quarter 2,925 2,165 Second quarter 2,760 2,240 Third quarter 2,430 2,000 Fourth quarter 2,865 2,075

Distribution of Shareholders

Financial Institutions 62.36% Securities Companies 0.71% Other Institutions 8.58% Foreign Investors 13.50% Individuals and Others 14.85% Total 100.00%

(As of March 31, 2001)