NERA Expands Footprint in Asia with Opening of New Office in Shanghai

18 December 2006

SHANGHAI (December 18, 2006) -- NERA is pleased to announce the expansion of its global presence with a new office in Shanghai. Located in one of the most important cultural, commercial, financial, industrial, and communications centers of China, NERA Shanghai adds to the firm's footprint in Asia following the 2002 opening of its Tokyo office. NERA Shanghai provides economic consulting services to companies and government agencies operating in the People's Republic of China as well as Japan.

The opening of NERA Shanghai also marks an addition to the firm's Transfer Pricing Practice. Vice President Yasunobu Suzuki, an expert in transfer pricing and related business advisory services in China and Japan, will serve as the senior NERA officer in Shanghai. Prior to joining NERA, Mr. Suzuki was a partner in the Transfer Pricing and China Practice at Tohmatsu Tax & Co., a Japanese member of Deloitte Touche Tohmatsu, where he was responsible for transfer pricing and general tax advisory services in China and Japan.

A primary focus for NERA Shanghai is international transfer pricing. NERA utilizes market-based pricing techniques, benchmarking studies, and rigorous valuation methodologies to design intercompany pricing policies grounded in sound business strategy and well-established economic principles; collaboration with NERA's network of 21 other offices around the world provides an additional source of knowledge and expertise from leading specialists.

"The Shanghai office represents a significant expansion of NERA's presence in Asia, particularly for our Global Transfer Pricing Practice," said NERA President Dr. Andrew Carron. "Mr. Suzuki's deep understanding of global financial markets will further enhance NERA's leading position as an authority on economics and finance issues, and expand our already considerable expertise in transfer pricing and intellectual property."

NERA Economic Consulting (www.nera.com), founded in 1961 as National Economic Research Associates, is a unit of Mercer Specialty Consulting, an MMC company.

About NERA

NERA Economic Consulting (www.nera.com) is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. For over half a century, NERA's economists have been creating strategies, studies, reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations. We bring academic rigor, objectivity, and real world industry experience to bear on issues arising from competition, regulation, public policy, strategy, finance, and litigation.

NERA's clients value our ability to apply and communicate state-of-the-art approaches clearly and convincingly, our commitment to deliver unbiased findings, and our reputation for quality and independence. Our clients rely on the integrity and skills of our unparalleled team of economists and other experts backed by the resources and reliability of one of the world's largest economic consultancies. With its main office in New York City, NERA serves clients from more than 25 offices across North America, Europe, and Asia Pacific.