J Bridge Corp : Notice Regarding the Warrant Exercise in Jan 2012

?TRANSLATION FOR REFERENCE ONLY?

February 1, 2012

Company Name: Asia Alliance Holdings Co., Ltd. Representative: Kotaro Takamori , President and CEO (Code No.: 9318 at 2nd Section of Tokyo Stock Exchange) Contact: Hiroyuki Ueno

Corporate Planning Department, General Manager

(TEL?03-5638-8562?

Notice Regarding the Warrant Exercise in January 2012

Please be advised that the Warrant has been exercised in January 2012 as follows,
1. Name of the Stock Acquisition Rights: J. Bridge Corp. No. 8 Stock Acquisition Rights
2. Number of Warrant exercised: None
3. Total Amount of Warrant exercised: None
4. Remaining unexercised Warrants as of end of Dec 2011: JPY3,150,000 thousand
(Exercised Price JPY45×70 million shares)
5. Remaining unexercised Warrants as of end of Jan 2012: JPY3,150,000 thousand
(Exercised Price JPY45×70 million shares)
6. Details of the Warrant Exercised in January 2012.

Date of Warrant Exercised	Number of New Subscription	Exercised Price ?yen?	Total Exercised Price ?thousand yen?
Date of Warrant Exercised	New Subscription (Share)	Transferred Treasury Stock (share)	Exercised Price ?yen?	Total Exercised Price ?thousand yen?
January 4, 2012 (Wed) to January 31, 2012 (Tue)	None	None	45	None

?Total number of shares outstanding as of January 31, 2012: 94,863,629shares?including treasury stock ? 15,909shares?
7. The Number of the Warrant Exercise Limitation

?Total Number of New Stock Acquisition Rights to be issued	?Total Number of Shares Outstanding at the Time of New Subscription	?Ratio of Warrant Exercise Limitation ??????
None	None	None

?There is no limit of warrant exercise on this stock acquisition rights.