OREANDA-NEWS. Nippon Telegraph and Telephone Corporation (“NTT”) hereby announces that it repurchased shares of its common stock today, pursuant to the announcement made on June 13, 2016, as described below.

The stock repurchase authorized at the board of directors’ meeting held on May 13, 2016 has been completed with today’s repurchase.

1. Reason for Stock Repurchase:

To improve capital efficiency and to implement NTT’s capital policy in light of fluctuations in supply of and demand for NTT stock.

2. Details of Repurchase:
(1) Class of shares repurchased: Common stock
(2) Total number of shares repurchased: 59,038,100 shares
(3) Aggregate repurchased amount: 267,383,554,900 yen
(4) Date of repurchase: June 14, 2016
(5) Method of repurchase: Through the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase Trading System (ToSTNeT-3)

(For reference)
Details of the resolution approved at the board of directors’ meeting held on May 13, 2016 (as announced on May 13,2016):
(1) Class of shares to be repurchased: Common stock
(2) Total number of shares to be repurchased: Up to 68 million shares
(3) Aggregate repurchase amount: Up to 350 billion yen

Details of total shares repurchased following the approval of the resolution by the board of directors on May 13, 2016:
(1) Class of shares repurchased: Common stock
(2) Total number of shares repurchased: 59,038,100 shares
(3) Aggregate repurchased amount: 267,383,554,900 yen