Disclosure Policy

NTT Urban Development Corporation (the "Company") recognizes that timely and appropriate disclosure of corporate information is fundamental to the sound operation of securities markets, and as such we are committed to providing timely, fair and impartial disclosure of information concerning the Company Group in order to promote shareholders' and investors' understanding with respect to the Company Group and facilitate appropriate investment decisions in the Company's securities.

The Company conducts expeditious disclosure based on principles of transparency, fairness and consistency and in conformity with the Financial Instruments and Exchange Act and other applicable laws and regulations as well as the Securities Listing Regulations, etc. stipulated by the Tokyo Stock Exchange.
The Company also actively discloses information that it believes to be useful in promoting shareholders' and investors' understanding with respect to the Company Group, to the fullest extent possible, in addition with disclosure of information in compliance with the laws and regulations and the Securities Listing Regulations, etc.

Items of information required to be disclosed pursuant to the Financial Instruments and Exchange Act and other applicable laws and regulations or by the Securities Listing Regulations, etc. of the Tokyo Stock Exchange are applicable shall be disclosed via the Financial Services Agency's electronic disclosure system (EDINET), the timely disclosure network (TDnet) system of the Tokyo Stock Exchange, the press and other media, and the Company's web site, etc.
Other information will also be announced using appropriate methods of distribution such as the Company's corporate website, depending on the content of the disclosure.

Any information disclosed by the Company that is not historical fact comprises forward-looking statements and is subject to risks and uncertainties. This reflects the Company's assumptions and views in the light of information currently available. Actual results may differ materially from forecasts due to changes in the environment and other factors.