Nippon Telegraph - Purchase of PLDT share

RNS Number:2787M
Nippon Telegraph and Telephone Corp
22 January 2008

January 22, 2008

Company Name: Nippon Telegraph and Telephone Corporation

Representative: Satoshi Miura, President and CEO

(Code No.: 9432, First section of Tokyo, Osaka and Nagoya Stock Exchanges

and Fukuoka and Sapporo Stock Exchanges)

Notice Concerning Additional Purchase of PLDT (a Philippine telecommunications
company)

shares by NTT DoCoMo

During the period from March 2007 through January 22, 2008 NTT DoCoMo Inc. ("NTT
DoCoMo"), a subsidiary of Nippon Telegraph and Telephone Corporation ("NTT"),
raised its stake in Philippine Long Distance Telephone Company ("PLDT"), the
largest telecommunications company in the Philippines, to 13.34% of the
outstanding common stock of PLDT. During this period, NTT DoCoMo acquired
12,532,214 additional shares of PLDT's outstanding common stock, or 6.64% of
PLDT's outstanding common stock, for 86.7 billion Japanese yen, or approximately
760 million U.S. dollars. The combined holdings of NTT DoCoMo and NTT
Communications Corporation, also a subsidiary of NTT, are now 20.03% of the
outstanding common stock of PLDT. Please see the attached for further details.

For further inquiries please contact:
(Mr.) Ichiya or (Mr.) Kusumi
Global Business Strategy Office,
Nippon Telegraph and Telephone Corporation
Phone: +81-3-5205-5191

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NTT DoCoMo, Inc.

Sanno Park Tower

2-11-1 Nagata-cho

Chiyoda-ku, Tokyo

100-6150, Japan

For Immediate Release

NTT DoCoMo Increases Stake in Philippine Long Distance Telephone

TOKYO, JAPAN, January 22, 2008 - NTT DoCoMo, Inc. announced today that during
the period from March 2007 through January 22, 2008 it raised its stake in
Philippine Long Distance Telephone Company (PLDT), the largest
telecommunications company in the Philippines, to 13.34% of the outstanding
common stock of PLDT. During this period, DoCoMo acquired 12,532,214 additional
shares of common stock of PLDT, or 6.64% of the outstanding common stock of
PLDT, for 86.7 billion Japanese yen, or approximately 760 million U.S. dollars.

The combined holdings of DoCoMo and NTT Communications Corporation, a sister
company in the NTT Group, are now 20.03% of the outstanding common stock of
PLDT.

DoCoMo, beginning with its initial acquisition of 12,633,486 shares of PLDT
(6.7% of the outstanding common stock of PLDT) from NTT Communications in March
2006, has been steadily increasing its stake as part of the building of its
comprehensive partnership with PLDT. The increased stake also enables DoCoMo to
book the investment using the equity method and reclassify PLDT as an affiliate.

The investment also strengthens DoCoMo's business tie-up with Smart
Communications, Inc. (SMART), PLDT's wholly-owned mobile communications
subsidiary. Working with SMART, DoCoMo intends to develop mutually beneficial
technologies and services, including international roaming between Japan and the
Philippines.

For further information, please contact:

Shuichiro Ichikoshi or Shinya Yokota

International PR

Public Relations Department

Tel: +81-3-5156-1366

Fax: +81-3-5501-3408

Website: www.nttdocomo.com

Inquiries may also be made through the following URL:

http://www.nttdocomo.com/contact

About NTT DoCoMo

NTT DoCoMo is the world's leading mobile communications company. DoCoMo serves
over 53 million customers, including 40 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-modeTM, 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 information, visit www.nttdocomo.com.

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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Attachment

Details of DoCoMo's Increased Investment in PLDT

1. Objectives for Raising Stake

• Enhance PLDT's business development in the Philippines by making it an affiliated company of DoCoMo.

• Expand business opportunities for DoCoMo.

• Enhance international roaming services between Japan and the Philippines.

2. Transactions

Duration of share purchase: March 2007 - January 2008

No. of additional shares purchased: 12,532,214 (6.64% of PLDT's outstanding
common stock)

Shares now held by DoCoMo: 25,165,700 (13.34% of PLDT's outstanding common
stock)

Combined holdings of DoCoMo and NTT Communications: 20.03%

Total purchase price for additional shares: JPY86.7 billion (US$760 million*)

* At the exchange rate of JPY114.15 to US$1.00.

3. Breakdown of PLDT Ownership

* First Pacific is a Hong Kong-based investment and management company.

4. Philippine Long Distance Telephone Company

Representative: Napoleon L. Nazareno

Headquarters: Manila, Republic of the Philippines

Employees: 28,219 (PLDT Group total in 2006)

Business: Provider of fixed-line telecommunications in the Philippines

Consolidated Operating Revenue in 2006*: 127.5 billion pesos (US$2.6 billion*)

Consolidated Net Income in 2006*: 33.6 billion pesos (US$685 million*)

5. Smart Communications, Inc.

Representative: Napoleon L. Nazareno

Headquarters: Manila, Republic of the Philippines

Business: Provider of wireless telecommunications in the Philippines

Wireless Operating Revenue in 2006*: 80.4 billion pesos (US$1.64 billion*)

* Source: Published financial data in conformity with U.S. GAAP (at the exchange
rate of Php49.045 to US$1.00)

This information is provided by RNS
The company news service from the London Stock Exchange
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