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| ANA Concludes Commitment Line Agreement with 15 Japanese Banks |
| - reducing interest bearing debt and improving balance sheet - |
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| TOKYO January 31, 2007 - ANA (All Nippon Airways) concluded today a Commitment Line agreement with a syndicate of 15 major Japanese banks, under the terms of which it can access up to ¥100 billion during a three to five year term. The money may be borrowed for any length of time up to three to five years from the date of application. |
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| The agreement will allow ANA to reduce its surplus balance of funds, thus reducing interest bearing debt and improving its balance sheet. |
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| A Commitment Line is a system under which companies can borrow money up to a predetermined amount in accordance with agreed conditions. |
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