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September 6, 2005

Market Acquisition of Treasury Stock

Promise News Releases

(Acquisition of treasury stock under Article 211-3, Paragraph 1, Item 2 of the Commercial Code)

 

 Promise Co., Ltd. has acquired treasury stock as stipulated in Article 211-3, Paragraph 1, Item 2 of the Commercial Code of Japan.

 With this acquisition, the Company has completed its acquisition of treasury stock as decided by the Board of Directors in a meeting held on July 15, 2005. Details are as follows.

 

  1. Acquisition Period:                 August 1, 2005 to September 6, 2005
                                                   (trade completion basis)

  2. Shares Acquired:                   2,417,700 common shares

  3. Total Acquisition Amount:      17,211,050,000 yen

  4. Acquisition Method:               Purchased on the Tokyo Stock Exchange

 

    Reference:

          1. Details of Acquisition Approved by Board of Directors on July 15, 2005

(1)Type of stock..............................

Common shares of Promise Co., Ltd.

(2)Number of shares to be acquired..

3 million shares (upper limit)

(2.22% of outstanding shares)

(3)Cost of shares............................

24.0 billion yen (upper limit)

(4)Acquisition schedule...................

July 20 to September 21, 2005

 

          2. Total Number of Treasury Shares Acquired Following the Decision by the
            Board of Directors (July 15, 2005) and Total Acquisition Cost

(1) Total number of shares purchased...........

3,000,000 shares

(2) Total acquisition cost.............................

21,224,826,500 yen

 

          3. Treasury Stock Holdings as of July 31, 2005

(1) Issued and outstanding shares...............

134,866,665 shares

(2)Treasury stock.......................................

4,594,747 shares

 

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