NTT DoCoMo to Raise Stake in PLDT

Financials

TOKYO, JAPAN, December 15, 2006 --- NTT DoCoMo, Inc. announced today that it plans to acquire approximately 6 million shares of Philippine Long Distance Telephone Company (PLDT) (approximately 3.2% of total issued and outstanding shares, which is expected to be equivalent to approximately 13 billion Philippine pesos or 30 billion Japanese yen) from an affiliate of First Pacific Company Limited (FPC), PLDT's largest shareholder. DoCoMo expects to finalize the specific terms of the transaction after discussions with FPC.

DoCoMo, which acquired 12,633,486 PLDT shares (approximately 6.7% of total issued and outstanding shares) from NTT Communications Corporation in March of this year, will have a total of approximately 19 million shares (approximately 9.9% of total issued and outstanding shares) after this latest acquisition. DoCoMo may consider purchasing additional shares in the future.

DoCoMo's additional investment will further strengthen its relationship with PLDT and Smart Communications, Inc. (SMART), PLDT's wholly owned mobile subsidiary. SMART, with DoCoMo's backing, intends to launch the i-mode™ service and expand W-CDMA services in the Philippines and promote international roaming services between Japan and the Philippines.

SMART and DoCoMo will also collaborate as members of the Conexus Mobile Alliance of eight Asian operators which are cooperating in international roaming and corporate mobile services.

About NTT DoCoMo
NTT DoCoMo is the world's leading mobile communications company. DoCoMo serves more than 52 million customers, including 30 million people subscribing to FOMA™, launched as the world's first 3G mobile service based on W-CDMA in 2001. DoCoMo also offers a wide variety of leading-edge mobile multimedia services, including i-mode™, the world's most popular mobile e-mail/Internet service, used by more than 47 million people. With the addition of credit-card and other e-wallet functions, DoCoMo mobile phones have become highly versatile tools for daily life. NTT DoCoMo is listed on the Tokyo (9437), London (NDCM) and New York (DCM) stock exchanges. For more, 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 only available to subscribers in Japan.

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