Analyst Coverage

Securities firm	Analyst
CREDIT SUISSE SECURITIES (JAPAN) LIMITED	Hideyuki Maekawa
Daiwa Institute of Research Ltd.	Masaharu Sato
Deutsche Securities Inc.	Takeo Miyamoto
Dresdner Kleinwort (Japan) Limited	Takeaki Suematsu
Goldman Sachs (Japan) Ltd	Ikuo Matsuhashi
J.P. Morgan Securities Asia Pte. Limited	Yoshiharu Izumi
Macquaire Securities (Japan) Limited	Damian Thong
Merrill Lynch Japan Securities Co., Ltd	Simon Dong-je Woo
Mitsubishi UFJ Securities Co., Ltd.	Yukihiko Shimada
Mizuho Securities Co., Ltd.	Eisaku Omori
Morgan Stanley Japan Limited	Kazuo Yoshikawa
Nikko Citigroup Limited	Yohei Kanazawa / Shinji Harada
Nomura Securities Co., Ltd. Financial & Economic Research Center	Masaya Yamasaki
UBS Securities Japan Ltd.	Hitoshi Shin

*Names of security firms are listed in alphabetical order.

This is a list of analysts working in securities firms or research organizations who report on or cover Elpida's business performance and who may recommend our stock.
The analysts in this list are individuals who have issued analyst reports on Elpida as of August, 2008.
The list is subject to change as firms add or delete coverage of our company.
Elpida is NOT involved in producing the forecasts issued by analysts. Forecasts are in no way supported or guaranteed by Elpida.

This list is solely for informational purposes and is not intended as a solicitation to make investments.