June 5, 2017
Central Nippon Expressway Company Limited
Japan Expressway International Company Limited

Conclusion of the Strategic Partnership with FECON
The first Entry to the Toll Road Business in Vietnam as the Japanese Expressway Company

On June 4, 2017, Central Nippon Expressway Company Limited (NEXCO-Central) (Head office: Naka-ku, Nagoya,President and CEO: Yoshihito Miyaike) and Japan Expressway International Company Limited (JEXWAY) (Head office:Chiyoda-ku, Tokyo, President: Koji Kuroda) entered into the Strategic Partnership Agreement with FECON Corporation(FECON), the Vietnam construction company (Head office: Hanoi, Chairman: Pham Viet Khoa), and FECON
Infrastructure Investment Joint Stock Company (FCI), the subsidiary company (Head office: Hanoi, Director: Muon VanChien). At the same time, NEXCO-Central and JEXWAY will acquire 20% shares of FCC Infrastructure Investment
Joint Stock Company (FCC), the toll road company of "Phu Ly Bypass" in the suburbs of Hanoi (Head office: Hanoi,Chief Executive Officer: Muon Van Chien). This is the first case that the Japanese Expressway Company has entered thetoll road business in Vietnam.

From left to right,
Mr. Koji Kuroda, President of JEXWAY, Mr. Yoshihito Miyaike, President & CEO of NEXCO-Central,
Mr. Pham Viet Khoa, Chairman of FECON, Mr. Muon Van Chien, Director of FCI

1. Key Points of the Strategic Partnership
Objective
To establish a long-term business partnership to pursue road development projects
Partner Companies
Japan: NEXCO-Central, JEXWAY

Vietnam: FECON, FCI

Agreement periods
By 20301

Summary of Terms of Reference1) FECON and FCI cooperate with NEXCO-Central and JEXWAY with regard to new project opportunities,
arrangements with partners/stakeholders, and information sharing.
2) NEXCO-Central and JEXWAY cooperate with FECON and FCI with regard to technology transfer, training programs,and arrangements with Japanese partners/stakeholders.
3) Both parties cooperate each other in running the jointly investing projects.

2. Relationship Diagram
NEXCO-Central and JEXWAY will acquire 20% shares of FCC from FECON that owns 40% of the shares of FCC(Before and after of share acquisition)20%
40%20%35%(Special Purpose Company)

35%

25%25%

3. Background
NEXCO-Central and JEXWAY have been conducting the market research in toll road business in Vietnam to contributeto the infrastructure development in foreign countries with our expertise in accordance with the Japanese government’spolicy.

The market research, which was conducted by the representative office in Hanoi, Vietnam established by

NEXCO-Central in December, 2008, has found that FECON group has its interest in the Japanese expressway
engineering expertise, so that NEXCO-Central and JEXWAY have built a business relationship with FCI for thepartnership since October, 2015 by means of the memorandum of understanding (MOU) for the joint investment into thetoll road projects.
Past EventsDecember 2008

Vietnam Representative Office in Hanoi was opened by NEXCO-Central.

September 2011

JEXWAY was established.
The agreement for entering toll road investment business partnership between NEXCO-Central,October 2015
JEXWAY and FCI.
The agreement for share acquisition of FCC, Phu Ly Bypass operator and “Strategic Partnership
June 4 2017
Agreement” between NEXCO-Central, JEXWAY, FECON and FCI.

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Attachment
Corporate Profile
FECON
1) Company Name

FECON Corporation

2) Location

Hanoi, Vietnam

3) Establishment Year

2004
Construction (soft ground improvement work, ground work)

4) Project Summary

Capital477.2 billion VND (about 2.4 billion JPY)

Number of employees

about 700FCI1) Company Name

FECON Infrastructure Investment Joint Stock Company

2) Location

Hanoi, Vietnam

3) Establishment Year2013
Handling infrastructure division, Subsidiary of FECON group

4) Project Summary

Capital375 billion VND (about 1.9 billion JPY)

Number of employees

38FCC
1) Company Name

FECON Infrastructure Investment Joint Stock Company

2) Location

Hanoi, Vietnam

3) Establishment Year

2014
Special Purpose Company for the Phu Ly Bypass BOT (Build-Operate-Transfer) Project4) Project Summary

Capital

280 billion VND (about 1.4 billion JPY)

Number of employees

76*Convert 1 JPY into 200 VND*Capital as of December.31, 20163

Summary of Phu Ly Bypass
1) Project Name

Phu Ly Bypass BOT Project2) Location

Ha Nam Province

3) Project Summary

Operation Start

November 24, 2016

Distance in total

43.44 km23.33 km: new Bypass
20.11 km: improvement of existing National Highway No.1

Number of Lanes

Bypass 2 lanes (2 directions x 1 lane)
Existing road (improvement) 4 lanes (2 directions x 2 lanes)

Design Speed

80 km (as well as speed limit)

Number of Tollgate(s)1Toll Rate

Second class carriage 25,000 VND (125 JPY)

*Convert 1 JPY into 200 VND
Location of Phu Ly Bypass BOT Project4

Pictures

Pic 1: New Bypass

Pic 2: Improved section of existing National Highway No.1

Pic 3: South Cau Gie Toll Gate

Pic 4: Traffic condition of New Bypass

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