1. Candidates for Director
Terms for the current five (5) Directors of the Company will expire at the Ordinary Shareholders Meeting 
on December 20, 2001. The following is each a candidate for Director of the Company.

Name              New Position                             Current Position
Shenqiu Liu       President and Chief Executive Officer    President and Chief Executive Officer
Koji Yamamoto     Director                                 Director
Shinya Kinoshita  Director                                 General Manager, Administration
Amane Horiuchi    Director                                 General Manager, Technology Planning

2. Directors scheduled to retire
Name                  Current Position
Takeshi Tamamura      Managing Director and Chairman
Koh Gido              Director
Tatsuya Nakamura      Director

3. Corporate Auditor scheduled to retire
Name              Current Position
Junnosuke Kogure  Corporate Auditor

4. Candidate for Corporate Auditor
Name           Current Position
Shuji Harane   Japanese Certified Public Accountant

About Crayfish

Crayfish is a leading provider of e-mail hosting and other Internet-related services for small and medium-sized businesses in Japan. Crayfish offers customizable, reliable and expandable e-mail services and Internet solutions under the brand name "DESKWING" as well as other Internet application services to enhance its customers' communication, office operation and e-commerce capabilities. Founded in 1995, Crayfish had approximately 32,000 DESKWING subscribers in Japan as of the end of August 2001. Crayfish has its American Depository Receipts (ADRs) listed on NASDAQ National Market (ticker: CRFH) in the USA, and its common shares listed on MOTHERS (ticker: 4747) in Japan. Crayfish Co., Ltd. headquarters is located at WICS Bldg. 6F, Ikebukuro 2-2-1,
Toshima-ku, Tokyo 171-0014, Japan.



Contact:

Investor Relations Department
  81-3-5324-6784
  ir@crayfish.co.jp