FOR NEWS RELEASE
NTT and MC ANNOUCE THE SALE OF U.S SUBSIDIARY,
Nippon Telegraph and Telephone Corporation (NTT), Mitsubishi Corporation (MC), Mitsubishi International Corporation (MIC) and Battelle (Memorial Institution), the sole equity shareholders of Photonic Integration Research, Inc. (PIRI), a privately owned company, have agreed to the sale of all PIRI shares to SDL Inc. in exchange for SDL stock. An agreement was signed on May 10, 2000, New York time.
Masaki Nakashima, Senior Manager
Naoki Shibutani, Manager
Nippon Telegraph and Telephone Corporation
Press Relations Office
Corporate Communications Dept.
NTT NEWS RELEASE