Universal Entertainment Announcement Regarding Filing of Litigation

Universal Entertainment Announcement Regarding Filing of Litigation

TOKYO, Dec. 4, 2012 (GLOBE NEWSWIRE) -- Universal Entertainment Corporation
(hereafter referred to as the "Company") hereby announces that today, the
Company and its parent company Okada Holdings GK, have jointly filed
litigation seeking partial compensation for damages (hereinafter referred to
as "Litigation in Question") against Thomson Reuters Corporation (hereinafter
referred to as "Thomson Reuters") and its reporter and editors due to being
subject to defamation, damage to credit and other harm as a result of articles
pertaining to the Company posted by Thomson Reuters. Details regarding this
matter are as follows.

1. Court with which Litigation was Filed and Date of Filing

  Tokyo District Court December 4, 2012

2. Parties Filing Litigation (Plaintiffs)

  Universal Entertainment Corporation

  (1) Location: 3-7-26 Ariake, Koto-ku, Tokyo, Japan

  (2) Representative in litigation: Jun Fujimoto, Representative Director

  Okada Holdings GK

  (1) Location: 3-7-26 Ariake, Koto-ku, Tokyo, Japan

  (2) Representative in litigation:

  Okada Holdings Limited, Representative Partner

  Takashi Usami, Operational Executor

3. Opposite Parties of Litigation Filed (Defendants)

  Thomson Reuters Corporation
  Kevin Krolicki
  Ian Geoghegan
  Nobuhiro Kubo

4. Description of Litigation and Amount of Claim

  (1) Description of litigation

  Partial compensation for damages pursuant to Civil Law, Clause 709 and 710.

  Deletion and discontinuance of distribution of pertinent articles, and
  posting formal apology advertisement

  (2) Amount of claim

  200 million yen in total (Part of the total amount of damages in
  approximately 19.2 billion yen)

  (Breakdown)

  Universal Entertainment Corporation: 100 million yen

  Okada Holdings GK: 100 million yen

        
5. Future Outlook

While it is unclear at this stage what impact the Litigation filing of the
lawsuit will have on the Company's business results, the Company will promptly
disclose any revisions of business results forecasts made necessary by
developments in the Litigation .

CONTACT: MEDIA CONTACTS:
         Universal Entertainment Corporation (JASDAQ Code: 6425)
         PR&IR OFFICE Nobuyuki Horiuchi,
         Assistant General Manager
         Email address:ir@universal-777.com
         Ariake Frontier Bldg,A,3-7-26 Ariake,koto-ku,
         Tokyo,135-0063 JAPAN
         TEL: +81-3-5530-3055 (switchboard)
 
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