ISDA PUBLISHES REVISED CREDIT SUPPORT ANNEX (LOAN/JAPANESE PLEDGE)

ISDA®INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION, INC.

NEWS RELEASE

For Immediate Release, Wednesday, October 22, 2008

For More Information, Please Contact:

Louise Marshall, ISDA New York, +1 212-901-6014, lmarshall@isda.org

Cesaltine Gregorio, ISDA New York, +1 212-901-6019, cgregorio@isda.org

Donna Chan, ISDA Hong Kong, +852 2200 5906, dchan@isda.org

ISDA PUBLISHES REVISED CREDIT SUPPORT ANNEX

(LOAN/JAPANESE PLEDGE)

LONDON, Wednesday, October 22, 2008 - The International Swaps and Derivatives Association, Inc. (ISDA) today announced the publication of updated documentation for use in arrangements with counterparties or collateral assets located in Japan. ISDA has published this revised version of the 1995 ISDA Credit Support Annex (Security Interest - Japanese Law) to reflect changes in legislation in Japan.

This template is intended for use in documenting bilateral security and other credit support arrangements between counterparties for transactions documented under an ISDA Master Agreement under which at least one of the parties and/or the collateral is located in Japan as credit support. This Annex assumes that Japanese law will govern questions of perfection and priorities relating to posted collateral located in Japan and is designed mainly to provide documentation for parties wishing to minimize exposure to counterparties through collateral arrangements in respect of cash, deposit accounts, Japanese government bonds or other marketable securities situated in Japan.

The revisions made to the 1995 version reflect new netting, bankruptcy and securities clearing system legislation, which were implemented after the Japanese Annex was published in 1995.

The revised Credit Support Annex template is available at ISDA’s website www.isda.org.

About ISDA

ISDA, which represents participants in the privately negotiated derivatives industry, is among the world’s largest global financial trade associations as measured by number of member firms. ISDA was chartered in 1985, and today has approximately 850 member institutions from 56 countries on six continents. These members include most of the world’s major institutions that deal in privately negotiated derivatives, as well as many of the businesses, governmental entities and other end users that rely on over-the-counter derivatives to manage efficiently the financial market risks inherent in their core economic activities. Information about ISDA and its activities is available on the Association's web site: www.isda.org.

^®ISDA is a registered trademark of the International Swaps & Derivatives Association, Inc.