TPG Completes Investment in NIS Group

Global private equity investment firm TPG announced today that it
has completed its investment of approximately 31 billion yen (USD 288
million) in Japan´s non-bank financial firm NIS Group Co., Ltd. and in
Nissin Leasing (China) Co., Ltd.

The investment was approved at the extraordinary shareholders
meeting of NIS on Monday, February 18, 2008. After the investment, TPG
owns approximately 40% of the shares of NIS and 87,500 warrants which,
upon exercise, are convertible into 3.4% of the shares of NIS, and
indirectly owns 50% of Nissin Leasing (China).

TPG is a leading private equity firm in the global market with a
strong reputation for its successful investment in financial
institutions worldwide. TPG has long appreciated the unique strength,
the franchise, the market position and the management of NIS and had
expressed its interest in investing in NIS as early as 2006. NIS has
also recognized the vision, operating expertise and experience of TPG
and the strategic value TPG will bring to NIS. TPG and NIS are
confident that under the leadership of the new board and with a
strengthened capital base, NIS will be better able to take advantage
of the opportunities arising from today´s tight credit market
conditions and to achieve profitable growth.

Asked why TPG has decided to make this investment at a time when
many investors have shifted away from the financial sector worldwide,
Jun Tsusaka, managing director and representative of TPG Japan, said:
"Whereas many leading financial institutions experienced large
write-offs, losses and sharp deterioration in their asset quality, NIS
stands out to a discerning and astute investor because its fundamental
strength and asset quality remain strong. The history of investing in
the financial sector tells us that best investments are made under the
current market conditions if we pick the right target and if we are
able to help it with our operating expertise and capital. NIS serves a
real market need and is best positioned to do so."

Masayuki Yasuoka, managing director and representative of TPG
Japan, added: "TPG´s view is strongly endorsed by the funding partners
of NIS, all of which recognize the ability of NIS to build good
quality assets and manage its credit risks. With our investment, NIS
will have a strengthened capital base, a very clean book, good quality
assets and a profitable operation, which make it attractive to funding
sources. We will work closely with NIS´ funding partners so that the
success of NIS will also contribute to their own."

NIS will continue to build on the early mover advantage of Nissin
Leasing (China) to support its rapid and profitable growth. TPG has
had a long history in investing and is the only foreign investor to
control a nationwide bank in China, Shenzhen Development Bank. Mary
Ma, a partner of TPG, said: "It is rare for a foreign controlled
financial institution to build such a strong platform of growth in
China. Nissin Leasing fulfills the need for small and medium sized
Chinese companies to obtain financing in a most efficient manner. It
is experiencing rapid growth as its customer base does. We are
confident that Nissin Leasing will become an even stronger market
leader after our investment as we will build a better infrastructure
and process for it to scale up quickly."

About TPG

TPG is one of the world´s largest private investment firms with
investments in global companies across a range of industries, as well
as broad capabilities of managing these portfolio firms including such
household names as Neiman Marcus, Bally Shoes, Burger King, Ducati
Motorcycles, Metro Goldwyn Mayer (MGM) and Lenovo Computers, in
addition to financial institutions in Asia and America. In Japan, TPG
took a stake in the country´s No.2 toy maker TOMY in March 2007 and is
expanding its footprint. TPG now has an extensive global network of
companies, with its portfolio firms having combined revenues of
approximately $114 billion and about 550,000 employees.

About NIS

NIS listed on the 1st section of the Tokyo Stock Exchange (TSE) in
1999, and listed on the New York Stock Exchange (NYSE) in 2002. Since
its establishment in 1960, NIS has had the flexibility to change its
business model to tailor its financial services that meet the social
needs of the time. After selling most of its unguaranteed consumer
loan receivables in 2004, NIS has shifted its business model to
provide integrated financial services that address the diverse needs
of SMEs. NIS is a competitive non-bank financial services provider
that can respond to the various needs of SMEs through its cooperation
with non-financial companies and its subsidiaries, both of which have
a variety of expertise. NIS had diversified into growth areas such as
real estate finance and investments, non-performing loan servicing and
leasing services in China.