TOKYO, JAPAN, November 11, 2004 -- NTT DoCoMo, Inc. announced today that the Company determined to repurchase its share as follows under article 210 of the Japanese Commercial Code.
Method of repurchase
The Company will place purchase orders for its own shares through brokerages at the closing price trading on the Tokyo Stock Exchange Trading Network System (i.e., ToSTNeT-2) in the 8:45 am session on November 12, 2004 with the closing price of its common stock traded on the first section of the Tokyo Stock Exchange market on November 11, 2004 (176,000 yen) (it will not change the method of trading or the proposed trading time). The purchase orders will be placed only in this trading time.
Detail of repurchase
(1) Class of shares: Common stock
(2) Aggregate number of shares to be repurchased:
(Note1) The number of shares for which the Company will place purchase orders will not be changed. Depending on the market conditions, however, there is a possibility that a part or all of such shares may not be repurchased.
(Note2) Repurchases will be made to the extent that sell orders match buy orders.
Announcement of the result of repurchase
The result of the repurchase will be published after completion of the ToSTNeT-2 trades on November 12, 2004.
The above repurchase of shares was approved by DoCoMo's shareholders at the 13th annual general meeting of shareholders, which was held on June 18, 2004. The summary of the resolution is as follows:
-Class of Shares to be repurchased: Common Stock
-Aggregate number of shares to be repurchased: Up to 2,500,000 shares
-Aggregate price of shares to be repurchased: Up to 600,000,000,000 yen
Aggregate number and aggregate price of shares repurchased since the shareholders resolution on June 18, 2004 are as follows:
-Aggregate number of shares repurchased: 1,815,526 shares
-Aggregate price of shares repurchased: 332,241,258,000 yen
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