Press Release

October 18, 2001

Notification Regarding Capital Contribution to NTT Broadband Initiative Inc.

At the NTT Corporation Board of Directors meeting held on October 18, 2001, a resolution was passed as follows regarding capital contribution to NTT Broadband Initiative Inc (NTT-BB). 1. Company Receiving Contribution:   NTT Broadband Initiative Inc. (NTT-BB) 2-2-2 Otemachi, Chiyoda-ku, Tokyo Hiromi Wasai, President and CEO 2. Amount of Contribution 26,500,000,000 yen 3. Pay-in Date End of October 2001 or later Note: With this capital contribution by NTT Corporation, the total number of shares issued by NTT-BB and other related corporate statistics will be as follows. (1) Total Number of Shares Issued:   600,000 shares   (Prior to this contribution, the total number of shares was 70,000.) (2) Capitalization: 30 billion yen   (Prior to this contribution, capitalization was 3.5 billion yen.) (3) Shareholder: NTT Corporation (100%) (4) Use of Funds: NTT-BB intends to use these funds to conduct service trials and enhance services. Service details will be announced by NTT-BB at a later date.

For inquiries, please contact: Mr. H. Saho Department I Telephone: (03) 5205-5125 E-mail: h.saho@hco.ntt.co.jp

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