AUTOBACS SEVEN Announces Termination of
Operational and Capital Tie-Up with Daytona Corp.

• AUTOBACS SEVEN Co., Ltd.
• July 29, 2010 (Tokyo, Japan) — AUTOBACS SEVEN Co., Ltd. (“AUTOBACS SEVEN,” Representative Director and CEO: Setsuo Wakuda) announces that its Board of Directors resolved on July 29, 2010, to terminate the operational and capital tie-up with Daytona International Trading Corporation and sell part of its holding at Daytona International Trading Corporation (“Daytona”). The details are as follows.
  
  1. Reason for the Termination of Operational and Capital Tie-Up
  
  Daytona plans, develops and sells parts and accessories for motorcycles.
  On entering the motorcycle accessories business, AUTOBACS SEVEN concluded an operational and capital tie-up with Daytona on March 17, 2003 to share know-how and information about the above business. However, as AUTOBACS SEVEN withdrew entirely from the motorcycle goods store RICOLAND following the transfer of the franchisor’s business of RICOLAND in February 2009 and the transfer of RICOLAND KOMAKI IC store and RICOLAND TOKYO BAY SHINONOME store in March 2009 and October 2009 respectively, AUTOBACS SEVEN determined today that it would terminate the operational and capital tie-up after discussions with Daytona.
  AUTOBACS SEVEN expects that it will sell part of its holding of Daytona shares (a shareholding of 20.8%) to Koshida Corporation, Daytona’s new operational and capital tie-up partner, and will exclude Daytona from its equity method affiliates.
  AUTOBACS SEVEN also expects to sell the remaining shares of Daytona while monitoring the its business situation.
  
  2. Outline of the Operational and Capital Tie-Up
  
  1) Outline of the Operational Tie-Up
  Termination of an operational tie-up that principally aimed at sharing information and know-how about the motorcycles and automobiles industries, joint development of accessories for motorcycles and automobiles, joint operations in the retail business for motorcycle accessories, and the procurement of accessories for motorcycles and automobiles
  
  2) Number and percentage of total outstanding shares of AUTOBACS SEVEN held by Daytona
  Not applicable
  
• 3. Description of Daytona International Trading Corporation

• 1) Company Name Daytona International Trading Corporation Code Number 7228, JASDAQ Securities Exchange 2) Head office location 4805 Ichimiya Morimachi Shuchi-gun, Shizuoka 3) Representative President and Representative Director, Shinichiro Suzuki 4) Principal business Planning, development and selling of parts and accessories for motorcycles 5) Capital 412.45 million yen 6) Incorporation 1972 7) Major shareholder RED BARON Co., Ltd.: 21.7% AUTOBACS SEVEN Co., Ltd.: 20.8% Hisao Abe: 17.6% 8) Relationship with AUTOBACS SEVEN Capital relationship AUTOBACS SEVEN holds 20.8% of all outstanding shares of Daytona. Personal relationship Not applicable. Business relationship AUTOBACS SEVEN concluded an operational and capital tie-up with Daytona on March 17, 2003. Third-Party relationship Datona has a third-party relationship with AUTOBACS SEVEN. 9) Financial results for the most recent three fiscal years (million of yens except per share data) Accounting Period FY December 2007 FY December 2008 FY December 2009 Net assets 2,171 2,287 2,389 Total assets 5,643 5,284 5,167 Net Assets per share (yen) 590.74 627.37 645.07 Net sales 7,762 7,013 6,366 Operating income 194 318 170 Ordinary income 152 283 163 Net income 18 192 96 Net income per share (yen) 5.21 54.82 27.40 Dividends per share (yen) 14.00 11.50 8.50

• 4. Schedule for Termination of Operational and Capital Tie-Up
  1) Date of the Board’s resolution: July 29, 2010
  2) Date of termination agreement: July 29, 2010
  3) Date of share transfer: August 2, 2010
  
  5. Influence on the Company’s business
  The influence of this transaction on AUTOBACS SEVEN’s consolidated financial performance is assumed to be low.
  

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