May 23, 2001
Kansai International Airport Land Development Co., Ltd.
Administration Division, Administration Department

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Concerning the opening of the fifth regular shareholders' meeting and a summary description of the settlement of accounts for the term ending in March, 2001.

We hereby announce that Kansai International Airport Land Development Co., Ltd. will hold its fifth regular general meeting of shareholders in the Airport Company Building on June 27, 2001.
The settlement of accounts for the term ending in March, 2001 are as follows in summary:

Summary description of the settlement of accounts
at the end of March, 2001