Nippon Telegraph and Telephone: NOTICE REGARDING THE STATUS AND CONCLUSION OF SHARE REDEMPTIONS (UNDER THE PROVISIONS OF NTT’S ARTICLES OF ASSOCIATION UNDER PARAGRAPH 2, SECTION 165 OF THE JAPAN CORPORATE ACT)


Nippon Telegraph and Telephone Corporation (“NTT”) hereby announces as below the results and conclusion of the share repurchases of its common stock made in accordance with Section 156 of the Company Law of Japan, as set out below. ‘applied in accordance with paragraph 3, Article 165 of the Companies Act. This concludes the buyback by NTT of its ordinary shares authorized by the Board of Directors on August 6, 2021.

1. Category of redeemed shares: Ordinary shares
2. Total number of shares repurchased: 15,822,400 shares
3. Total amount redeemed: 49,760,566,100 yen
4. Redemption period: December 1, 2021 to December 23, 2021
5. Mode of redemption: Acquisitions on the Tokyo Stock Exchange

(Reference)

1. Details of the resolution approved at the Board of Directors meeting on August 6, 2021:

(1) Category of shares to be bought back:

Ordinary actions

(2) Total number of shares to be bought back:

Up to 100 million shares
(Ratio on the number of shares in circulation (excluding treasury shares): 2.76%)

(3) Total amount of the buyback:

Up to 250 billion yen

(4) Redemption period:

August 10, 2021 to March 31, 2022

2. Total number and value of shares repurchased until December 23, 2021 pursuant to the resolution approved by the Board of Directors on August 6, 2021:

(1) Total number of shares repurchased:

79,358,500 shares

(2) Total amount bought back:

249,999 810,850 yen

Warning

NTT – Nippon Telegraph & Telephone Corporation published this content on December 24, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 24 December 2021 06:16:17 UTC.


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