Press Releases 2001

Concerning the Public Tender Offer for Shares
in Tokyo Metallic Communications Corp.

Aug. 3, 2001

DTH Marketing Corporation (Chuo-ku, Tokyo, Representative; Taro Hashimoto), which is a wholly owned subsidiary SOFTBANK Broadmedia Corporation (Chuo-ku, Tokyo, Representative ; Taro Hashimoto), a company that integrates our broadcasting and internet related businesses, will acquire shares in Tokyo Metallic Communications Corp. (Chuo-ku, Tokyo, Representative Director Taro Hashimoto) through a public tender offer. The details are as set forth below:

1. Description of Public Tender Offer

(1) Name of target company

Tokyo Metallic Communications Corp.

(2) Objective of tender offer

As part of the broadband strategy of our group, DTH Marketing Corporation, which is a company in our group, will on the basis of our company’s direction make an amicable public tender offer to increase its shareholding percentage of the target company which became a subsidiary under the recent public tender offer, and with the consent of its board of directors.

(3) Type of share certificates, etc., for which the public tender offer is to be made

Par value common shares (par value of 50,000 yen per share)

(4) Period of offer, offered price and number of shares expected to be purchased

Period
August 6, 2001 (Monday) through September 3, 2001 (Monday)
Price
50,000 yen per share
Number of shares
10,904 shares (projected purchase volume)

(5) Percentage of ownership of share certificates, etc., on the part of the public tender offerer after the tender offer, as well as the percentage of ownership of share certificates, etc., specially related persons on the date of public notice of commencing the public tender offer, and total thereof

Percentage of ownership of share certificates, etc., on the part of the public tender offerer, after the tender offer 100%
Percentage of ownership of share certificates, etc., on the part of specially related persons on the date of public notice of commencing the public tender offer None
Total 100%

(6) Existence of consent target company or its directors in connection with the public tender offer

The target company has consented to the offer.

(7) Funds required for the offer

561.7 million yen

(8) Future plans, etc.

We are continuing to study the optimum business structure for our purposes of the earliest completion of our broadband strategy.

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