TOKYO, March 29, 2002 — All Nippon Airways (ANA) received approval from the Ministry of Land Transport and Infrastructure to start code-share operations with Asiana Airlines (Asiana) on Asiana operated flights between Tokyo (Narita), Nagoya, Fukuoka and Seoul. Concurrently, Asiana will code-share on ANA Group airline Air Japan (AJX) operated flights between Tokyo (Narita), Osaka (Kansai) and Seoul. Code-share services are set to begin on April 18.

ANA and Asiana will be expanding their existing code-share to 91 roundtrip flights a week on a total of five routes. A breakdown of the flights between Japan and Seoul is as follows: Narita - Seoul 35 roundtrip flights, Haneda - Seoul 21 roundtrip flights (via Kansai 14 flights, via Fukuoka seven flights/week). On Kansai - Seoul 21 flights a week are planned and seven flights a each week on Nagoya, Fukuoka - Seoul.

The scope of ANA-coded flights doubles to 70 flights a week on four routes (Narita, Nagoya, Kansai and Fukuoka - Seoul) from the current number of 35 flights a week on two routes. Asiana expands its network with 14 additional flights operated by Air Japan in addition to the company's 67 operated flights on four routes for a total of 81 flights a week.

"The expansion of code-share operations between ANA and Asiana further deepens a successful relationship," said ANA President and CEO, Yoji Ohashi. "ANA looks forward to bringing travelers the benefits of more flights and enhanced connections and services to our Asian neighbor."

"We are pleased to extend the Asiana network even further, particularly in anticipation of the Korea-Japan sponsored FIFA 2002 World Cup in June," said Asiana President and COO, Chan Bup Park. Korea is Japan's largest market in Asia and we look forward to supporting economic and cultural ties by providing customers increased travel services."

By providing excellence and convenience in air transport service, both ANA and Asiana aim to be a "Bridge in the Sky" between Japan and Korea.

A summary of the code-share for the summer schedule may be found as attached.

ANA - Asiana Code-share Flights(2002 Summer Schedule)

Narita - Seoul