General Manager President

CERTIFICATE

This is to certify that

Rasoul Ebrahimi

has successfully completed the training

course in the field of

KAIZEN MANAGEMENT

From: 30 Sep. 2004 To: 5 Oct. 2004

In Tehran - IKCO

sponsored by

Iran Khodro Co.

S.Racisi Shuichi Yoshieka wat ws

General Manager President

GTR-INST Internat a

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