Oriental Land Co., Ltd.
Code Number: 4661
(Tokyo Stock Exchange, First Section)

Regarding Change in Primary Shareholder

April 25, 2003 – On July 1, 2003, the primary shareholder in
Oriental Land Co., Ltd. (“Oriental Land”) will change. Details are as follows. 1. Background surrounding the change On July 1, 2003, the primary shareholder in Oriental Land will change, as KEISEI LAND Co., Ltd., Oriental Land’s current primary shareholder, is dissolved and merged with its parent company, Keisei Electric Railway Co., Ltd. 2. Company details (1) Name: KEISEI LAND Co., Ltd. (2) Head office: 37-15, Aoto 3-chome, Katsushika-ku Tokyo, Japan (3) President: Tetsuo Suda (4) Major businesses: Purchase, sale, management, leasing and operation of real estate as well as outsourcing of these activities 3. Number of shares (number of shareholder votes) held by KEISEI LAND Co., Ltd. and share of total shareholders’ votes

Number of shares
(number of
shareholder votes)

Share of total
shareholders’
votes*

Rank among
major
shareholders
Before the change (as of
March 31, 2003)
18,445,000 shares
（
184,450 voting
rights）

18.42%
1
After the change

―
shares
(―
votes)

―
%
―
*
Number of non-voting shares deducted from total shares outstanding: 15,040
Total shares outstanding as of March 31, 2003: 100,122,540
4. Scheduled date of the change July 1, 2003

5. Future outlook Upon its dissolution on July 1, 2003, KEISEI LAND Co., Ltd.’s shareholdings are scheduled to be transferred to Keisei Electric Railway Co., Ltd. Consequently, Keisei Electric Railway Co., Ltd. will replace KEISEI LAND Co., Ltd. as Oriental Land’s primary shareholder. The ranking of major shareholders will be determined at the end of September 2003.