Share Allocation

RNS Number:1524U
NEC Corporation
13 January 2004




                                                              January 13, 2004

     Announcement concerning the Allocation of New Shares to a Third Party


In connection with the issuance of new shares by allocation to a third party,
which NEC Corporation ("NEC") approved at the meeting of its board of directors
held on November 21, 2003, NEC granted to Daiwa Securities SMBC Co. Ltd. ("Daiwa
SMBC") an option to subscribe up to 23,000,000 shares of common stock of NEC, or
green shoe option. Daiwa SMBC notified NEC that it would subscribe all the
shares under the green shoe option. The following is the information regarding
the issuance of new shares.


    (1) Number of new shares to be issued:

        23,000,000 shares of common stock of NEC Corporation

    (2) Total amount of issue price:

        15,685,080,000 yen (681.96 yen per share)

    (3) Total amount of portion of issue price to be accounted to the stated
    capital:

        7,843,000,000 yen (341.00 yen per share)


Not to be circulated in the United States.
This press release does not represent an offer of securities for sale in the U.S. The offer and sale of securities
issued by the company are not permitted in the U.S., other than in cases where the securities have been registered
under the U.S. Securities Act of 1933 or have been exempted from the registration requirement. An English-language
prospectus will be prepared in cases where securities are to be offered in the U.S. The prospectus will contain
detailed information on the issuing company and its management team, as well as financial statements. NEC Corporation
has no intention of registering these securities for sale in the U.S.





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