Here are some of the frequently asked questions from our shareholders in a Q&A format:

Why did NTT conduct a 100-for-1 stock split and adopt the unit share system (100 shares as one whole unit) in January 2009?

On January 5, 2009, NTT switched to electronic stock certificates. Since fractional shares cannot be traded in the electronic stock certificate system, it was necessary to eliminate the fractional shares. NTT had performed a 1.02-for-1 stock split in 1995, which caused many of our shareholders to have fractional shares, and the 100-for-1 stock split was conducted to eliminate such fractional shares.

A dividend calculation statement was enclosed. What is this?

The dividend calculation statement also serves as a payment notification as required by the Act on Special Measures concerning Taxation. This statement can be used as an accompanying material when filing your income tax return. We will enclose a dividend calculation statement whenever dividends are paid. Shareholders who file income tax returns should keep these statements in a safe place.

Note: For shareholders who have selected the method of allocation in proportion to the number of shares held, the calculation of withholding tax will be performed by securities firms, etc. Please check with your securities firm concerning accompanying documentation for your income tax return filing.