Jun. 14, 2004
Dear Sir or Madam,
Address: 26-1 Sakuragaoka-cho , Shibuya-ku, Tokyo
Company name: Global Media Online Inc.
Code No.9449
Company representative: Masatoshi Kumagai , Representative Director and President
Contact person: Masashi Yasuda , Executive Director
TEL: 03-5456-2555 (switchboard)
FAX: 03-3780-2611
URL: http://www.gmo.jp

Notice of Signing of Basic Agreement to Include the Activities of Power Formation
Corporation. and San Planning Corporation in the Business of GMO Group
Global Media Online Inc. (hereinafter, the “Company”) wishes to announce that a meeting of its
Board of Directors held on June 14, 2004, approved a plan to include the activities of PowerFormation Corporation. and San Planning Corporation into the business of the GMO Group, and thata basic agreement has been signed between the parties to that effect. The purpose of the affiliation isto expand and make optimum use of the sales channels to small to medium-sized companies.

Centered on Global Media Online, the GMO Group is developing its businesses in Japan under thestrategic policy, “Go to GMO for the Internet.” The Company is promoting itself as the soledomestic one-stop company that can offer the services required for Internet business, such as access,domains, rental servers, website development and Internet advertising.
Power Formation Corporation. is the largest shareholder of San Planning Corporation, which is anagency engaged in the classified advertising business, focusing on small to medium-sizedcompanies.

To expand and make optimum use of its sales channel to small to medium-sized companies in thefuture, where the Internet business is growing, the Company plans to make Power Formation
Corporation. a wholly owned subsidiary through an equity swap, scheduled for August 10, 2004. TheCompany also plans to include San Planning Corporation, a subsidiary of Power Formation
Corporation., into its group businesses. The Company believes that including these two companies
into its group businesses will increase sales by utilizing the network of small to medium-sizedcompanies.

The equity swap agreement is scheduled to be signed on June 23, 2004. Under the current equity
swap ratio, 333.333 Company shares will be allotted to each share in Power Formation Corporation .
Therefore, 410,000 new shares will be issued by the Company through the equity swap. (Thecalculation is made assuming that the stock split is scheduled to be implemented by the Company at
the ratio on Wednesday, June 30, 2004, where one share is split to two shares.)

Details of the final

conditions will be announced immediately after the equity swap agreement has been signed.
【reference】
Outline of Power Formation Corporation .
Trading namePower Formation Corporation
Address of Head Office 3-24-8, Akabanedai, Kita-ward, TokyoFoundation
March 1992
Capital stock
10 million yen*
Representative
Yoshio Yokono
RemarkLargest shareholder of San Planning Corporation (67％)* Power Formation Corporation. is scheduled to approve the allocation of new shares to a third party
for value as of June 14, 2004, and the capital stock will increase by 25.75 million yen to 35.75
million yen. The total number of outstanding shares will increase by 1,030 to 1,230 as of June 17,2004.

Outline of San Planning Corporation
Trading name
San Planning Corporation
Address of Head Office 6-15-9, Shinbashi, Minato-ward, TokyoFoundation
March 1978
Capital stock
50 million yen
Representative
Yukio Yokono
Business activities
Agency for classified advertisingSales
4,307,144, 000 yen (Term ended March 2004)
End