| 1. |
Issuance Date of Share Subscription Rights: |
3 July, 2002 |
| 2. |
Number of Share Subscription Rights: |
4,950 (100 shares per one Share Subscription Rights) |
| 3. |
Issuance Price of Share Subscription Rights: |
Issued without charge |
| 4. |
Type and Number of Shares Issued upon the Exercise of Share Subscription Rights: |
495,000 common shares |
| 5. |
Paid-in Price for Exercise of Share Subscription Rights: |
8,807 yen per one share |
| 6. |
Total Amount of Shares Issued for Exercise of Share Subscription Rights |
4,359,465,000 yen |
| 7. |
Exercise Period |
From August 1, 2004 and until June 30, 2010 |
| 8. |
Terms and Restrictions on the Exercise: |
(1) |
Minimum number of the Share Subscription Rights exercisable by the Optionee shall be one (1), and the Optionee may not exercise the Share Subscription Rights in a unit less than one (1). |
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(2) |
There is no limit in connection with the maximum amount of the paid-in price or the transfer price (regardless of the form) for issuance of new shares or delivery of the treasury stocks of TEL by the exercise of the Share Subscription Rights or any other subscription rights to the shares of TEL, which is exercisable during a calendar year (from January 1 to December 31). |
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(3) |
When exercising the Subscription Rights, the Optionee shall be a director, a statutory auditor, or an employee of TEL, or subsidiary or affiliated company of TEL. |
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(4) |
Notwithstanding the preceding paragraph(3), in the event of death of the Optionee on and after August 1, 2004, the successor(s) of the Optionee may succeed and exercise the Subscription Rights within one (1) year after the Optionee's death; provided, however, that the successor(s) shall exercise the Subscription Rights by the end of the Exercise Period. If the Optionee dies on or before July 31, 2004, the Share Subscription Rights shall be waived. |
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(5) |
Notwithstanding paragraph (3), in the event of resignation (or retirement) by the Optionee on and after August 1, 2004 by any reason other than the preceding paragraph, the Optionee may exercise the Subscription Rights within six (6) months from the date of resignation (or retirement); provided, however, that the Optionee shall exercise the Share Subscription Rights by the end of the Exercise Period. If the Optionee resigns (or retires) on or before July 31, 2004, the Share Subscription Rights shall be waived. |
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(6) |
Other Terms and Restrictions shall be determined in the agreement for granting of Share Subscription Rights based on the resolution of the Fiscal Year 2002 (the 39th FY) Annual Meeting of Shareholders held on 21 June, 2002 and following meeting of the Board of Directors. |
| 9. |
Amount Added to Company Capital by Exercise of Share Subscription Rights |
4,404 yen per share |
| 10. |
Item regarding Transfer of Share Subscription Rights |
Transfer of Share Subscription Rights shall be matters to be approved at the meeting of the Board of Directors. |
| 11. |
Optionee of Share Subscription Rights |
614 persons, who are employees or directors of the Company or its subsidiaries.
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| NOTE: |
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(1)Date of the meeting when the Board of Directors approved to propose the matter regarding Share Subscription Rights to the Annual Meeting of Shareholders: May 10, 2002 |
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(2)Date of the Annual Meeting of Shareholders when the matter regarding Share Subscription Rights was resolved: June 21, 2002 |
