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Last Updated: 2006.01.26

FAST RETAILING to increase capital at its US subsidiary

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  At its extraordinary board meeting held on January 26, 2006, FAST RETAILING CO., LTD. decided to inject additional capital into its local US subsidiary UNIQLO USA, Inc. The details of this capital injection are listed below.

1. Reason for capital injection
     To strengthen UNIQLO operations in the US through additional store openings, etc.

2. Details of capital injection
  (1) Capital injection total          $24 million
  (2) No of outstanding shares        200 ordinary shares
  (3) No of shares post capital increase   1,000 ordinary shares (tentative)
  (4) Date of completion           February 2006 (tentative)

3. Outline of UNIQLO USA, Inc.
  (1) Business name          UNIQLO USA, Inc.
  (2) Business location        1114 Avenue of the Americas, 41st Floor New York, NY
                         10036, U.S.A.
  (3) Business representative     Nobuo Domae
  (4) Business aim           The sale and promotion of UNIQLO brand casual clothes in
                         the US
  (5) Date of establishment      November 22, 2004
  (6) Capital
       Before capital injection:  $6mln (approx. ¥0.7bln)
       After capital injection:   $30mln (approx. ¥3.5bln)
         ※calculated using exchange rate at end December 2005 of $1 = ¥118.07
  (7) Shareholdings
       Before capital injection:  FR stake 100%
       After capital injection:   FR stake 100%

4. Expected impact on FR consolidated results
    We envisage that the impact of this capital injection on the FR consolidated results for the year to August 2006 will be minimal.