CORPORATE HISTORY

July
SPARX Asset Management Co., Ltd.
was established as a registered
investment advisory company in Tokyo, Japan.

December
SPARX Overseas Ltd. was established
in Bermuda as a subsidiary
to manage offshore funds.
February
License for discretionary investment
management business was acquired
by SPARX Asset Management Co., Ltd.
May
SPARX Securities Co., Ltd.
was established as a wholly-owned subsidiary
and acquired its securities business licenses.

March
SPARX Asset Management Co., Ltd.
acquired its investment trust management
license in Japan.

December
SPARX Asset Management Co., Ltd.
was listed on the JASDAQ.

February
SPARX acquired a significant strategic
stake in Cosmo Investment Management Co., Ltd.,
a Korean based asset management company and invest in Korean market.
April
SPARX Spin-off Preparation Co., Ltd. was established.
June
SPARX acquired a 100% stake
in PMA Capital Management Limited
(currently SPARX Asia Capital Management Limited),
a Hong Kong based asset management company
to invest in Asian markets.
October
SPARX Asset Management Co., Ltd.
changed its name to SPARX Group Co., Ltd.
SPARX Spin-off Preparation Co., Ltd.
succeeded the investment advisory service,
discretionary investment management business and investment trust management business
from the former SPARX Asset Management Co., Ltd.
SPARX Spin-off Preparation Co., Ltd.
changed its name to SPARX Asset Management Co., Ltd.
September
SPARX and Hennessy Advisors, Inc. forged new U.S.
partnership for distribution and management of
the mutual fund business in the U.S.
July
SPARX Asset Management Co., Ltd.
merged with SPARX Securities Co., Ltd.
to rationalize business operations.
November
Cosmo Investment Management Co., Ltd.
awarded Collective investment business license
and changed its trade name to Cosmo Asset Management Co., Ltd.
May
SPARX Group Co., Ltd and SPARX Asset Management Co., Ltd. moved their head office
to Higashi Shinagawa, Shinagawa-ku, Tokyo.
July
SPARX Green Energy & Technology Co., Ltd.
was established to enter for electrical supply business
and consulting business for electrical power
generation utilizing renewable energy
November
Cosmo Asset Management Co., Ltd.
moved its head office to Gukjegeumyung-ro,
Youngdeungpro-gu, Seoul.
November
Cosmo Asset Management Co., Ltd.
awarded Hedge Funds business license.
April
SPARX Group Co., Ltd. acquired a 100% stake of
Japan Asset Trust Corporation and changed its trade name to SPARX Asset Trust & Management Co., Ltd.

February
Cosmo Asset Management Co., Ltd
changed its trade name to SPARX Asset Management Korea Co., Ltd.

June
SPARX Group Co., Ltd , SPARX Asset Management Co., Ltd. , SPARX Green Energy & Technology Co., Ltd. and SPARX Asset Trust & Management Co., Ltd. moved their head office to Konan, Minato-ku, Tokyo.