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August 19, 2009
Promise Co., Ltd.
The Board of Directors of Promise Co., Ltd. approved a resolution on July 30, 2009, to grant stock options as compensation for directors, executive officers and advisers who are treated as executive officers. The issue price of these stock options has been determined today as follows:
1. Name of Stock Options
First Issue of Promise Stock Options for Compensation
2. Number of Stock Options Issued
621 (50 shares per stock option)
3.Type and Number of Shares to be Issued upon Exercise of Stock Options
31,050 shares of Promise common stock
4. Stock Option Issue Price
782 yen per stock option
5. Amount Paid upon Exercise of Stock Options
The stock options are issued as compensation for directors and executive officers based on the fair value of the options as calculated using the Black-Scholes Model. Consequently, no payment is required when a stock option is received.
For more information about these stock options, please see the July 30, 2009, news release concerning the granting of stock options as compensation for directors and executive officers.
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