Financial Information: Annual Report 2002

MAJOR GROUP COMPANIES [Europe]

NSK EUROPE LIMITED   Address: Belmont Place, Belmont Road, Maidenhead, Berkshire SL6 6TB, U.K.   TEL: +44-1628-509800 FAX: +44-1628-509808   Capital stock: EURO269,722 thousand   Consolidated equity: 100.0%     Control of European subsidiaries and affiliates NSK BEARINGS EUROPE LTD.   Address: Northern Road, Newark, Nottinghamshire, NG24 2JF, U.K.   TEL: +44-1636-605123 FAX: +44-1636-642083   Capital stock: £42,600 thousand   Consolidated equity: 100.0%     Manufacture and sales of bearings and precision machinery & parts   PLANT: Peterlee   Address: 3 Brindley Road, South West Industrial Estate, Peterlee, Co. Durham, SR8 2JD U.K.   TEL: +44-191-586-6111 FAX: +44-191-586-3482   PLANT: Peterlee (Forge)   Address: Davy Drive, North West Industrial Estate, Peterlee, Co. Durham, SR8 2PW U.K.   TEL: +44-191-518-0777 FAX: +44-191-518-0303   PLANT: Newark   Address: Northern Road, Newark, Nottinghamshire, NG24 2JF, U.K.   TEL: +44-1636-605123 FAX: +44-1636-642083   PLANT: Blackburn   Address: Roman Road Industrial Estate, Blackburn, Lancashire, BB1 2LZ U.K.   TEL: +44-1254-661921 FAX: +44-1254-679502 NSK UK LIMITED   Address: Northern Road, Newark, Nottinghamshire, NG24 2JF, U.K.   TEL: +44-1636-605123 FAX: +44-1636-602750   Capital stock: £400 thousand   Consolidated equity: 100.0%     Sales of bearings, automotive components and precision machinery & parts NSK EUROPEAN TECHNOLOGY CO., LIMITED   Address: Mere Way, Ruddington, Nottinghamshire NG11 6JZ, U.K.   TEL: +44-115-940-5409 FAX: +44-115-940-5419   Capital stock: £7,500 thousand   Consolidated equity: 100.0%     Research, development and engineering of bearings NSK STEERING SYSTEMS EUROPE LTD.   Address: Gallagher Business Park, Silverstone Drive, Rowley's Green, Coventry, CV6 6PA U.K.   TEL: +44-24-76-588588 FAX: +44-24-76-588599   Capital stock: £35,000 thousand   Consolidated equity: 100.0%     Manufacture and sales of automotive components   Office: Stuttgart   PLANT: Coventry   Address: Gallagher Business Park, Silverstone Drive, Rowley's Green, Coventry, CV6 6PA U.K.   TEL: +44-24-76-588588 FAX: +44-24-76-588599   PLANT: Peterlee (EPS)   Address: 6/7 Doxford Drive, South West Industrial Estate, Peterlee, Co. Durham, SR8 2RL, U.K.   TEL: +44-191-518-6400 FAX: +44-191-518-6440 NSK-AKS PRECISION BALL EUROPE LTD.   Address: Davy Drive, North West Industrial Estate, Peterlee, County Durham SR8 2PP, U.K.   TEL: +44-191-587-0000 FAX: +44-191-587-2027   Capital stock: £14,500 thousand   Consolidated equity: 60.0%     Manufacture and sales of steel balls AEROENGINE BEARINGS UK LTD.   Address: Oldends Lane, Stonehouse, Gloucestershire, GL10 3RH U.K.   TEL: +44-1453-822333 FAX: +44-1453-825945   Capital stock: £15,000 thousand   Consolidated equity: 20.0%     Manufacture and sales of aerospace bearings NSK EUROPA HOLDING GMBH   Address: Harkortstrasse 15, 40880 Ratingen, Germany   TEL: +49-2102-4810 FAX: +49-2102-4812290   Capital stock: EURO102 thousand   Consolidated equity: 100.0%     Holding company of NSK DEUTSCHLAND GMBH and NEUWEG FERTIGUNG GMBH NSK DEUTSCHLAND GMBH   Address: Harkortstrasse 15, 40880 Ratingen, Germany   TEL: +49-2102-4810 FAX: +49-2102-4812290   Capital stock: EURO1,533 thousand   Consolidated equity: 100.0%     Sales of bearings and precision machinery & parts   Office: Stuttgart, Leipzig NEUWEG FERTIGUNG GMBH   Address: Ehinger Strasse 5, D-89597 Munderkingen, Germany   TEL: +49-7393-540 FAX: +49-7393-3732   Capital stock: EURO2,045 thousand   Consolidated equity: 100.0%     Manufacture of bearings NSK FRANCE S.A.   Address: Quartier de l'Europe, 2 Rue Georges Guynemer, 78283 Guyancourt Cedex, France   TEL: +33-1-30-57-39-39 FAX: +33-1-30-57-00-01   Capital stock: EURO2,591 thousand   Consolidated equity: 100.0%     Sales of bearings and precision machinery & parts NSK ITALIA S.P.A.   Address: Via Garibaldi, 215, I- 20024- Garbagnate Milanese (Milano), Italy   TEL: +39-02995191 FAX: +39-0299028373   Capital stock: EURO4,131 thousand   Consolidated equity: 100.0%     Sales of bearings and precision machinery & parts INDUSTRIA CUSCINETTI SPA   Address: Via Giotto 4, 10080, S.Benigno C. se, Torino, Italy   TEL: +39-0119824811 FAX: +39-0119880284   Capital stock: EURO1,829 thousand   Consolidated equity: 36.2%     Manufacture and sales of bearings NSK SPAIN S.A.   Address: Calle de la Hidraulica, 5, P.I. "La Ferreria" 08110 Montcada I Reixac, Barcelona, Spain   TEL: +34-93-575-4041 FAX: +34-93-575-0520   Capital stock: EURO60 thousand   Consolidated equity: 100.0%     Sales of bearings and precision machinery & parts NSK EUROPEAN DISTRIBUTION CENTRE B.V.   Address: De Kroonstraat 38, 5048 AP Tilburg, Nederland   TEL: +31-13-4647647 FAX: +31-13-4647648   Capital stock: EURO907 thousand   Consolidated equity: 100.0%     European distribution centre WAELZLAGER INDUSTRIEWERKE BULLE AG   Address: Rue Champ-Barby 61, CH-1630 Bulle, Switzerland   TEL: +41-26-9191100 FAX: +41-26-9191100   Capital stock: SFR1,200 thousand   Consolidated equity: 100.0%     Manufacture and sales of bearings NSK ISKRA S.A.   Address: Ul. Jagiellonska 109, 25-734 Kielce, Poland   TEL: +48-41-366-5001 FAX: +48-41-355-5008   Capital stock: PLN50,714 thousand   Consolidated equity: 93.2%     Manufacture and sales of bearings ISKRA HOLDING SP. Z O. O.   Address: Ul. Jagiellonska 109, 25-734 Kielce, Poland   TEL: +48-41-345-4453 FAX: +48-41-366-5011   Capital stock: PLN50 thousand   Consolidated equity: 100.0%     Control of non-core businesses of NSK ISKRA S.A. NSK BEARINGS MIDDLE EAST TRADING CO., LTD.   Address: Yali Mahallesi, Fevzi Cakmak Caddesi, Caglar Apartman No. 11/4, Maltepe 81530, Istanbul, Turkey   TEL: +90-216-442-7106 FAX: +90-216-305-5505   Capital stock: TRL485,268 thousand   Consolidated equity: 100.0%     Sales of bearings and precision machinery & parts

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