The Policy on Treasury Stock Cancellation

 

TIDMNPN 
 
RNS Number : 9447L 
Nippon Telegraph and Telephone Corp 
14 May 2010 
 

                                                                    May 14, 2010 
 
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|                       Company Name: Nippon Telegraph and Telephone Corporation | 
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|           Representative: Satoshi Miura, President and Chief Executive Officer | 
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|  (Code No.: 9432, First section of Tokyo, Osaka and Nagoya Stock Exchanges and | 
|                                           Fukuoka and Sapporo Stock Exchanges) | 
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          NOTICE CONCERNING THE POLICY ON TREASURY STOCK  CANCELLATION 
 
Nippon Telegraph and Telephone Corporation (the "Company") hereby announces that 
at the Board of Directors' meeting held on May 14, 2010, the basic policy on 
cancellation of treasury stock owned by the Company was adopted as stated below. 
 
 
 
1.     All treasury stock owned by the Company as of March 31, 2010 (250,923,665 
shares) shall be cancelled over two fiscal years. 
2.     One-half of the treasury stock shall be cancelled during this calendar 
year and the remainder of the treasury stock shall be cancelled during the 
following fiscal year ending March 31, 2012. 
 
Details regarding the actual cancellation shall be resolved separately at a 
Board of Directors' meeting pursuant to the provisions of Article 178 of the 
Corporation Law. 
 
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| For further information, please contact:                                       | 
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| Masaru Nara or Akio Iijima                                                     | 
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| Investor Relations Office                                                      | 
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| Finance and Accounting Department                                              | 
| Nippon Telegraph and Telephone Corporation                                     | 
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| TEL: [phone]                                                           | 
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