SOFTBANK announces determination of the Exercise Price of stock options(stock acquisition rights)

SOFTBANK CORP. (the “Company”) announces that the Exercise Price of the stock acquisition rights to be issued as stock options (the “Stock Acquisition Right(s)”) and other related items were decided pursuant to the resolution of the Board of Directors held on November 28, 2003.

1. Issue date of Stock Acquisition Rights

December 9, 2003

2. Total number of Stock Acquisition Rights

14,000

The number of shares to be allotted to each Stock Acquisition Right is 100 shares.

3. Class and number of shares to be issued upon exercise of Stock Acquisition Rights

1,400,000 shares of common stock of the Company

4. Amount to be paid upon the exercise of each Stock Acquisition Right

The amount to be paid upon the exercise of each Stock Acquisition Right

436,700 yen

The amount to be paid per share, which is issued upon the exercise of the Stock Acquisition Rights (the “Exercise Price”)

4,367 yen

The Exercise Price is an amount which is the average of the closing prices of the Company’s shares of common stock on the Tokyo Stock Exchange on each day (other than any day on which no sale is reported) of the month immediately preceding the month in which the issue date of the Stock Acquisition Rights, December 9, 2003, falls, multiplied by 1.03 with any amount less than one Japanese Yen arising out of such calculation to be rounded upward to the nearest Yen.

5. Total paid-in value of the shares of the common stock of the Company to be issued or transferred upon exercise of all the Stock Acquisition Rights

6,113,800,000 yen

For your reference

1. Date of resolution of the Board of Directors that decided the proposal at the ordinary annual general meeting of shareholders

May 9, 2003

2. Date of resolution of the 23^rd ordinary annual general meeting of shareholders

June 24, 2003