NTT DoCoMo to Liquidate Some of its Subsidiaries

Others

TOKYO, JAPAN, December 18, 2003 --- NTT DoCoMo, Inc. ("DoCoMo") announced today that it made a decision to liquidate DCM Capital USA (UK) Limited and DCM Capital TWN (UK) Limited, each of which is a wholly owned subsidiary of DoCoMo, and Taiwan DoCoMo Limited, the wholly owned subsidiary of DCM Capital TWN (UK) Limited. Details of the decision are as follows.

  1. Outline of the Subsidiaries
    (1) DCM Capital USA (UK) Limited
    Company name: DCM Capital USA (UK) Limited
    Address: 5th Floor East, Lansdowne House, 57 Berkeley Square, London, W1J 6ER, United Kingdom
    Representative: Masayuki Hirata
    Business: Intermediate holding company to hold shares of AT&T Wireless Services, Inc. ("AT&T Wireless")
    Date established: December 2000
    Capital: US$10,219,565,367
    Number of shares
    issued:
    10,219,565,367 shares
    Fiscal year-end: December 31
    Number of
    employees:
    None
    Major business
    partner:
    None
    Shareholders: 100% owned by DoCoMo
    (2) DCM Capital TWN (UK) Limited
    Company name: DCM Capital TWN (UK) Limited
    Address: 5th Floor East, Lansdowne House, 57 Berkeley Square, London, W1J 6ER, United Kingdom
    Representative: Masayuki Hirata
    Business: Intermediate holding company to hold shares of KG Telecommunications Co., Ltd. ("KGT")
    Date established: December 2000
    Capital: US$587,758,625
    Number of
    shares issued:
    587,758,625 shares
    Fiscal year-end: December 31
    Number of
    employees:
    None
    Main trading
    partner:
    None
    Shareholders: 100% owned by DoCoMo
    (3) Taiwan DoCoMo Limited
    Company name: Taiwan DoCoMo Limited
    Address: 10th Floor, No.201-2, Tun Hua North Road, Shun Shan District, Taipei, Taiwan
    Representative: Tatsu Kono
    Business: Management of investment
    Date established: January 2001
    Capital: NT$7,320,462,480
    Number of
    shares issued:
    732,046,248 shares
    Fiscal year-end: December 31
    Number of
    employees:
    None
    Main trading
    partner:
    None
    Shareholders: 100% owned by DCM Capital TWN (UK) Limited

  2. Reasons for Liquidation
    (1) DCM Capital USA (UK) Limited
    DCM Capital USA (UK) Limited was established as an intermediate holding company in the United Kingdom to hold the shares of AT&T Wireless when DoCoMo invested in AT&T Wireless. In order to reduce operational costs, DoCoMo decided to liquidate the intermediate holding company and hold AT&T Wireless shares directly.
    (2) DCM Capital TWN (UK) Limited
    DCM Capital TWN (UK) Limited was established as an intermediate holding company in the United Kingdom to hold the shares of KGT when DoCoMo invested in KGT. In order to reduce operational costs, DoCoMo decided to liquidate the intermediate holding company and hold KGT shares directly (shares of FarEastone Telecommunications Co., Ltd. ("FET"), after the planned share exchange).
    (3) Taiwan DoCoMo Limited
    Taiwan DoCoMo Limited was established as an intermediate holding company in Taiwan to hold the shares of KGT when DoCoMo invested in KGT due to a foreign ownership rule in Taiwan that limited foreign investors' direct ownership of telecommunications carriers in Taiwan. As the telecommunications law in Taiwan was later revised to relax the foreign ownership limitation, DoCoMo decided to liquidate the intermediate holding company and hold KGT shares directly (FET shares, after the planned share exchange).

  3. Schedule
     
    Each liquidation is expected to be completed during the fiscal year ending March 31, 2005.

  4. Impact on DoCoMo's Results of Operations
     
    The liquidation is not expected to have significant impact on DoCoMo's consolidated or non-consolidated results of operations. The liquidation does not affect the forecast of DoCoMo's results of operations for the fiscal year ending March 31, 2004.

About NTT DoCoMo
NTT DoCoMo is the world's leading mobile communications company with more than 47 million customers. The company provides a wide variety of leading-edge mobile multimedia services. These include i-mode®, the world's most popular mobile internet service, which provides e-mail and internet access to over 40 million subscribers, and FOMA®, launched in 2001 as the world's first 3G mobile service based on W-CDMA. In addition to wholly owned subsidiaries in Europe and North and South America, the company is expanding its global reach through strategic alliances with mobile and multimedia service providers in Asia-Pacific, Europe and North and South America. NTT DoCoMo is listed on the Tokyo (9437), London (NDCM), and New York (DCM) stock exchanges. For more information, visit www.nttdocomo.co.jp/english

i-mode and FOMA are trademarks or registered trademarks of NTT DoCoMo, Inc. in Japan and other countries.
NTT DoCoMo's FOMA service is available only to subscribers in Japan.

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