February 27, 2009 Nippon Telegraph and Telephone Corporation (NTT) Summary of Business Operation Plan for Fiscal Year Ending March 31, 2010 1.  Basic Philosophy of Business Operation Plan for Fiscal Year Ending March 31, 2010 - Under the NTT Group's "Road to Service Creation Business Group" announced last May, NTT will help enrich communication environments for individuals and communities, make corporate activities more efficient, and create new services and business opportunities through ubiquitous broadband networks that provide customers with not only "fast and convenient" but also "safe and secure" connections "anytime, anywhere and with anyone or anything." - In the fiscal year ending March 31, 2010, NTT will, among other things, strengthen R&D activities for the advancement of the next-generation network("NGN")which serves as the foundation of NTT's efforts to achieve the "Road to Service Creation Business Group." 2.  Revenues and Expenses Plan for Fiscal Year Ending March 31, 2010 * Change from the previous forecast announced on November 7, 2008 3.  Capital Investment Plan for Fiscal Year Ending March 31, 2010 * Change from the previous forecast announced on November 7, 2008 4.  Sources and Applications of Funds Plan for Fiscal Year Ending March 31, 2010 Note: "2.Revenues and Expenses Plan for Fiscal Year Ending March 31, 2010 " and "4.Sources and Applications of Funds Plan for Fiscal Year Ending March 31, 2010" were submitted to the Minister for Internal Affairs and Communications as references. Copyright (c) 2009 Nippon telegraph and telephone corporation