Dear Sir or Madam:

Notice of Our New Corporate Name

I hope this letter finds you in the best of spirits.

First of all, on behalf of everyone at the company, I would like to express our deepest gratitude for the firm support that we have received from our steady relationship with you.

Please be advised that as of April 1 of this year, our corporate name was changed from Ebara Engineering Service Co., Ltd. to Swing Corporation. "Swing" comes from the sound of "sui-ing": "sui" means water in Japanese, and "ing" indicates the progressive tense in English.

Our new name reflects our desire to continue the broad range of contributions that we have been making to society by offering every type of solution associated with water and the environment, drawing on our 80 years of experience as a water services pioneer.

We would like to take this opportunity to reaffirm our commitment to providing solutions to a broad range of needs – from engineering to O&M, PFI, and other water business management – in response to changes in society both in and outside of Japan, drawing on the quality services and water treatment technologies that we have fostered over many years.

With all of us at Swing Corporation sharing the same strong determination to work harder than ever to meet your expectations, we seek your continued support and encouragement.

I conclude this letter with the warmest regards and best wishes. Thank you very much.

Respectfully yours,

Masayoshi Hirose
President and Representative Director
Swing Corporation