NTT DoCoMo to Liquidate Some of its Subsidiaries

Financials

TOKYO, JAPAN, March 24, 2004 --- NTT DoCoMo, Inc. ("DoCoMo") announced today that it made a decision to liquidate DCM Capital LDN (UK) Limited, DCM Capital HKG (UK) Limited and DCM Capital 3G HKG (UK) Limited, each of which is a wholly owned subsidiary of DoCoMo. Details of the decision are as follows:

  1. Outline of the Subsidiaries
    (1) DCM Capital LDN (UK) Limited
    Company name: DCM Capital LDN (UK) Limited
    Address: 5th Floor Lansdowne House, 57 Berkeley Square, London, W1J
    6ER, United Kingdom
    Representative: Masayuki Hirata
    Business: Intermediate holding company to hold shares of Hutchison 3G UK Holdings Limited("H3G UK")
    Date established: August 2000
    Capital: £1,206,525,536
    Number of shares issued: 1,206,525,536 shares
    Fiscal year-end: December 31
    Number of employees: None
    Major business partner: None
    Shareholders: 100% owned by DoCoMo

    (2) DCM Capital HKG (UK) Limited
    Company name: DCM Capital HKG (UK) Limited
    Address: 5th Floor Lansdowne House, 57 Berkeley Square, London, W1J
    6ER, United Kingdom
    Representative: Masayuki Hirata
    Business: Intermediate holding company to hold shares of Hutchison Telephone Company Limited ("HTCL")
    Date established: May 2001
    Capital: US$34,174,190
    Number of shares issued: 34,174,190 shares
    Fiscal year-end: December 31
    Number of employees: None
    Main trading partner: None
    Shareholders: 100% owned by DoCoMo

    (3) DCM Capital 3G HKG (UK) Limited
    Company name: DCM Capital 3G HKG (UK) Limited
    Address: 5th Floor Lansdowne House, 57 Berkeley Square, London, W1J
    6ER, United Kingdom
    Representative: Masayuki Hirata
    Business: Intermediate holding company to hold shares of Hutchison 3G HK Holdings Limited ("H3G HK")
    Date established: July 2001
    Capital: US$147,947
    Number of shares issued: 147,947 shares
    Fiscal year-end: December 31
    Number of employees: None
    Main trading partner: None
    Shareholders: 100% owned by DoCoMo

  2. Reasons for Liquidation
    (1) DCM Capital LDN (UK) Limited
    DCM Capital LDN (UK) Limited was established as an intermediate holding company in the United Kingdom to hold the shares of H3G UK when DoCoMo invested in H3G UK. In order to reduce operational costs, DoCoMo decided to liquidate the intermediate holding company.

    (2) DCM Capital HKG (UK) Limited
    DCM Capital HKG (UK) Limited was established as an intermediate holding company in the United Kingdom to hold the shares of HTCL when DoCoMo invested in HTCL. In order to reduce operational costs, DoCoMo decided to liquidate the intermediate holding company.

    (3) DCM Capital 3G HKG (UK) Limited
    DCM Capital 3G HKG (UK) Limited was established as an intermediate holding company in the United Kingdom to hold the shares of H3G HK when DoCoMo invested in H3G HK. In order to reduce operational costs, DoCoMo decided to liquidate the intermediate holding company.

  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 48 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 America, the company is expanding its global reach through strategic alliances with mobile and multimedia service providers in Asia-Pacific, Europe and North 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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