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February 27, 2006

Promise Co., Ltd.

Acquisition of Treasury Stock through ToSTNeT-2

Promise News Releases

 

In a meeting of the Board of Directors held on February 27, 2006, Promise Co., Ltd., determined the specific method of purchase as stipulated in Article 211-3, Paragraph 1, Item 2 of the Commercial Code of Japan. Details are as follows.

 

1. Purchase Method

    At 8:45 a.m. on February 28, 2006, the Company will place a buy order through
    ToSTNeT-2
    (Tokyo Stock Exchange Trading Network System-2) at 6,820yen, the closing price on
    February 27, 2006.

 

2. Outline of Acquisition

    (1)Type of stock................................ Common shares of Promise Co., Ltd.

    (2)Number of shares to be acquired..... 600 thousand (0.44% of outstanding shares)

    Notes:   1.No changes will be made in the number of shares to be purchased.
                   However, market conditions and other factors may preclude the purchase of
                   some or all of the shares specified in the buy order.

                 2.The specified number of shares will be purchased on the basis of the
                    corresponding sell orders.

 

3. Announcement of Results of Purchase

    The results of the purchase will be announced after the close of the purchase time of
    8:45 a.m. on February 28, 2006.

 

Reference: Details of the decision to acquire treasury stock (Announced February 27, 2006)

    (1) Type of stock.......................................... Common shares of Promise Co., Ltd.

    (2) Number of shares to be acquired............... 2.1 million shares (upper limit)

                                                                        (1.55% of outstanding shares)

    (3) Cost of shares......................................... 17.0 billion yen (upper limit)

    (4) Status of treasury stock acquisition as of February 27, 2006

       •Total number of shares purchased.............. 0 shares

       •Total acquisition cost................................ 0 yen

 

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