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February 28, 2006

Promise Co., Ltd.

Results of Purchase of Treasury Stock through ToSTNeT-2

Promise News Releases

 

Today, Promise carried out the acquisition of treasury stock announced on February 27, 2006. The results were as follows.

 

1. Reason for acquisition

         of treasury stock:                  To enable the Company to pursue systematic capital
                                                 strategies and to increase shareholders value through
                                                 improving capital efficiency.

 

2. Type of stock:                         Common shares of Promise Co., Ltd.

 

3. Total number of

         shares purchased:                 275 thousand shares

 

4. Price of share:                         6,820 yen per share

 

5. Total acquisition cost:              1,875,500 thousand yen

 

6. Trade date:                             Tuesday, February 28, 2006

 

7. Purchase Method:                   A buy order through ToSTNeT-2 (Tokyo Stock Exchange Trading Network System-2) at the closing price.

  

      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

                         3) Cost of shares............................. 17.0 billion yen

 

                       Status of treasury stock acquisition as of February 28, 2006

                         1) Total number of shares purchased...... 275 thousand shares

                         2) Total acquisition cost........................ 1,875,500 thousand yen

 

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