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Sanix to Issue Unsecured Convertible Bonds with Stock Acquisition Rights.

Tokyo, Japan, Jan 13, 2006 - (JCN Newswire) - Sanix Incorporated (Ticker: 4651, TSE/OSE/FSE, President & CEO: Shin-ichi Munemasa) resolved at a meeting of its Board of Directors on January 13, 2006 to issue the Company's first series of unsecured convertible bonds with stock acquisition rights through a third-party placement.

1. Name of bond

Sanix Incorporated, First Series of Unsecured Convertible Bonds with Stock Acquisition Rights (Limited Inter-Bond Pari Passu Clause).

2. Issue price

100 yen per 100 yen in face value

3. Issue price of Stock Acquisition Rights

Free

4. Payment date and date of issue

January 30, 2006

5. Particulars of offering

(1) Method of offering

The entire amount will be allocated to Shinko Securities Co., Ltd. by means of a third-party allocation.

(2) Subscription period

Through January 30, 2006

(3) Venue where subscriptions will be accepted

The Bank of Tokyo-Mitsubishi UFJ, Ltd. Main Branch

6. Particulars of Bonds

(1) Total amount of the Bonds

3,000 million yen

(2) Face value of each Bond certificate

75 million yen

(3) Interest rate on the Bonds

The Bonds shall bear no interest.

(4) Period of redemption

January 30, 2008

(5) Rating acquired

Not applicable.

(6) Recording agency of the bond

The Bonds with Stock Acquisition Rights meet the requirements of the provision of Article 297 of the Commercial Code of Japan, and therefore the Company has not established a recording agency of the bond.

(7) Paying agent (place of payment of redemption money)

The Bank of Tokyo-Mitsubishi UFJ, Ltd. Main Branch

(8) Registrar

None

Use of funds raised in current financing:

Estimated net proceeds of 2,980 million yen will be applied in full to working capital and repayment of borrowings.

For more information: http://www.sanix.co.jp/e02/e206.htm

(TSE/OSE/FSE: 4651) <4651.T>

About Sanix Incorporated

Sanix (TSE: 4651) is Japan's leading provider of sanitation and environmental services. The company's business is divided into three areas; Home Sanitation, and Establishment Sanitation, which provides pest control and sanitation maintenance and protection services for offices and public facilities. The Environmental Resources Development Division provides industrial waste management solutions and recycling services. This division positions Sanix as a leading provider of environmental services to society, which is becoming increasingly concerned about the health of the environment. Sanix's long experience in industrial waste management means the company is poised to take the lead in this new field.

Source: Sanix Incorporated

Contact:
Kozo Inoue,
Managing Director
SANIX INCORPORATED
URL: http://www.sanix.co.jp/index_e.htm


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Publication:JCN Newswires
Geographic Code:9JAPA
Date:Jan 13, 2006
Words:434
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