December 12, 2016

Company Name: Nippon Telegraph and Telephone Corporation Representative: Hiroo Unoura, President and Chief Executive Officer (Code No.:9432, First section of Tokyo Stock Exchange)

NOTICE REGARDING STOCK REPURCHASES (UNDER THE PROVISIONS OF NTT'S ARTICLES OF INCORPORATION PURSUANT TO PARAGRAPH 2, ARTICLE 165 OF THE COMPANIES ACT OF JAPAN)

Nippon Telegraph and Telephone Corporation ("NTT") hereby announces that, at a meeting of its Board of Directors held today, NTT authorized repurchases of shares of its common stock pursuant to Article 156 of the Companies Act of Japan (the "Companies Act"), as applied pursuant to Paragraph 3, Article 165 of the Companies Act, as described below.

  1. Reasons for Stock Repurchases:

    To improve capital efficiency and enhance shareholder returns.

    (1) Total number of shares to be repurchased:

    Up to 33 million shares of common stock

    (Ratio to the number of outstanding shares*: 1.62%)

    (2) Aggregate repurchase amount:

    Up to 150 billion yen

    (3) Period of repurchases:

    December 13, 2016 ~ June 30, 2017

  2. Details of Repurchases:

(For reference) Number of shares of treasury stock (as of September 30, 2016) Number of outstanding shares*： 2,037,084,484 shares Number of shares of treasury stock： 59,309,986 shares

*Excluding shares of treasury stock.

For further inquiries, please contact:

Hiroshi Setoguchi or Tatsuya Watanabe Investor Relations Office

Finance and Accounting Department

Nippon Telegraph and Telephone Corporation Phone: +81-3-6838-5481

NTT - Nippon Telegraph & Telephone Corporation published this content on 12 December 2016 and is solely responsible for the information contained herein.
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