December 4, 2019 Approval to Nippon Telegraph and Telephone Corporation’s Resolution on Surplus Appropriation

The Minister for Internal Affairs and Communications has today approved the resolution of Nippon Telegraph and Telephone Corporation (NTT) on surplus appropriation dated November 5, 2019, for which NTT applied for approval to the Minister under the provision of paragraph 1, Article 11 of the Act on Nippon Telegraph and Telephone Corporation, etc. (Act No. 85 of 1984).

1. Target entity

NTT (President: Jun Sawada)

2. Summary of resolution on disposal of surplus

• Interim dividend: 95 yen per share
• Total interim dividend: About 172.6 billion yen

(Reference)
Act Concerning Nippon Telegraph and Telephone Corporation, Etc. (Act No. 85 of 1984) (Excerpt)

(Change in Articles of Incorporation, etc.)
Article 11 Any resolution for change in the articles of incorporation, or for merger, partition or dissolution of the Company^*1 and the Regional Companies^*2 or for disposal of profits (excluding disposal of losses) of the Company shall not take effect unless authorized by the Minister.
2. (Omission)

• *1
  NTT
• *2
  Nippon Telegraph and Telephone East Corporation and Nippon Telegraph and Telephone West Corporation