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Concerning the opening of the third regular shareholders' meeting and a summary description of the settlement of accounts for the term ending in March, 1998.

We hereby announce that Kansai International Airport Land Development Co., Ltd. will hold its third regular general meeting of shareholders in the Airport Company Building on June 25, 1998.
The settlement of accounts for the term ending in March, 1998 are as follows in summary:

Summary description of the settlement of accounts
at the end of March, 1998