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The following is an English version of the official Japanese announcement, which has been given to the JASDAQ and the media in Tokyo, Japan.

September 6, 2010 Company: SPARX Group Co., Ltd. (JASDAQ Code: 8739)

Share Transfer and Business Partnership between SPARX Subsidiary and MCP Asset Management Co., Ltd.

TOKYO (September 6, 2010) ­ SPARX Group Co., Ltd. (hereafter "SPARX") is pleased to announce today that its Board of Directors has passed a resolution to enter into a share transfer (100 percent of shares) and business partnership agreement with MCP Asset Management Co., Ltd. (hereafter "MCP") concerning its wholly owned subsidiary SPARX International (Honk Kong) Limited (hereafter "SIHK") and its fund of hedge funds business (hereafter "FoF"). For Reference: 1. Background of share transfer and business partnership Given the economic and market environment since April 2008, SPARX continues to implement its strategy to focus on its core business and seek to maximize the value of its non-core businesses by taking advantage of opportunities as they emerge including partnering with others. Following a review of its FoF (SIHK's main business), SPARX determined that the business did not sufficiently complement its core business and also concluded that it would greatly benefit from scale advantages by partnering with a larger FoF operation rather than go it alone. MCP is a Hong Kong based independent asset management firm specializing in the FoF with offices also in Japan and the U.S. Upon completion of the transfer of SIHK's shares to MCP, SPARX aims to strengthen its FoF by leveraging the investment expertise and client focused skills of MCP.

The following is an English version of the official Japanese announcement, which has been given to the JASDAQ and the media in Tokyo, Japan.

2. Outline of SIHK (1) (2) (3) (4) (5) (6) (7) (8) Corporate name Location of head office Name of representative Principle business Capital Date of incorporation Employee number Assets under management SPARX International (Hong Kong) Limited Hong Kong Masaki TANIGUCHI Managing and promoting Asian fund of funds products HK$ 49.912 million (August end 2010) April 2005 7 (July end 2010) JPY 15.7 billion ( July end 2010) (Note)

(Note) The exchange rate (July end 2010) is used for calculating "Assets under management" in JPY.

3. Outline of MCP (1) (2) (3) (4) (5) (6) (7) Corporate name Location of head office Name of representative Principle business Date of incorporation Employee number Asset under management MCP Asset Management Co., Ltd. Hong Kong Tetsuo OCHI Licensed investment advisory and asset management services August 1988 38 (July end 2010) JPY 443.7 billion ( July end 2010) (Note)

(Note) The exchange rate (July end 2010) is used for calculating "Asset under management" in JPY.

4. Outline of Partnership MCP is a Hong Kong based independent asset management firm specializing in the FoF with offices also in Japan and the U.S., and has earned a strong reputation for its investment expertise mainly among institutional investors. SPARX and MCP have agreed that 100% of SIHK's shares will be transferred to MCP and that both parties will enter into a partnership agreement. Under this agreement, MCP will act as investment advisor to SIHK's FoF and SPARX and its affiliates including SPARX Asset Management Co., Ltd. will be responsible for marketing and client service related activities. 5. Time schedule September 6, 2010 October 29, 2010 Resolution of the Board Sign the agreement of share transfer Date of entry into force (Closing date) (scheduled)

6. Expected results on financial results The share transfer and business partnership are not expected to have a material impact on SPARX's financial results. 7. Other material issues The completion of the transaction is subject to certain conditions, which include, but are not limited to, the approval of the Securities and Futures Commission of Hong Kong.

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