Press Releases 2006

(Additional announcement) Additional sale of shares held in SBI Holdings, Inc.

Aug. 3, 2006
SOFTBANK AM CORPORATION (head office: Minato-ku, Tokyo; representative: Takashi Okubo), a wholly-owned subsidiary of SOFTBANK CORP. (“SOFTBANK”), yesterday sold its shares held in SBI Holdings, Inc. (head office: Minato-ku, Tokyo; representative: Yoshitaka Kitao). The proceeds of the sale were confirmed as follows;

1. Proceeds of the sale

approximately 86 billion yen

2. Impacts on consolidated financial results

Associated with the sale, SOFTBANK expects to record gain on sales of investment securities of approximately 36 billion yen as special income for the second quarter for the fiscal year ending March 2007.

reference

Number of shares sold, proceeds of sale, and gain on sale

  Number of shares sold Proceeds of sale Gain on sale
Sold on Aug1, 2006 1,111,000.00 approx. 50 bn yen approx. 29 bn yen
Sold on Aug2, 2006 2,134,811.21 approx. 86 bn yen approx. 36 bn yen
Total 3,245,811.21 approx. 136 bn yen approx. 65 bn yen
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