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March 22, 2006

Promise Co., Ltd.

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 February 27, 2006. Details are as follows.

 

  1. Acquisition Period:                 March 2, 2006 to March 17, 2006
                                                   (trade completion basis)

  2. Shares Acquired:                   1,500,000 common shares

  3. Total Acquisition Amount:      11,159,763,000 yen

  4. Acquisition Method:               Purchased on the Tokyo Stock Exchange

 

    Reference:

          1. Details of Acquisition Approved by Board of Directors on 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)Acquisition schedule...................

February 28 to March 23, 2006

 

          2. Total Number of Treasury Shares Acquired Following the Decision by the
            Board of Directors (February 27, 2006) and Total Acquisition Cost

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

1,775,000 shares

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

13,035,263,000 yen

 

          3. Treasury Stock Holdings as of February 28, 2006

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

134,866,665 shares

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

6,272,638 shares

 

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