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 September 30, 2004.

1. Issue date of Stock Acquisition Rights

October 8, 2004

2. Total number of Stock Acquisition Rights

2,740

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

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

274,000 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

548,000 yen

The amount to be paid per share (the “exercise price”)

5,480 yen

The exercise price is an amount which is the closing price of the Company’s shares of common stock on the Tokyo Stock Exchange reported on the issue date (October 8, 2004) of the Stock Acquisition Rights, 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

1,501,520,000 yen

6. Amount that is transferred into paid-in capital from the issue price of shares, in case new shares of common stock of the Company are issued upon exercise of Stock Acquisition Rights

2,740 yen per share