Notice Regarding the Acquisition of Fixed Assets
Last updated：July 26, 2006
NTT Urban Development hereby provides notice of its decision to acquire the fixed assets outlined below.
1. Reason for Acquisition
To expand its leasing business, NTT Urban Development intends to acquire from Kanematsu Kanzai Co.,Ltd., a 50% stake in UD Kanematsu Building, which NTT Urban Development and Kanematsu Kanzai Co.,Ltd. currently own jointly.
2. Assets to Be Acquired
(1) Overview and location of assets to be acquired
UD Kanematsu Building (4-33, 35 and 52, Awaji-cho, Chuo-ku, Osaka)
| Land | : | 436.76 m2 (publicly recorded area) |
| Building | : | 4,167.32 m2 (publicly recorded area) |
Note: Each of the figures above equates to the 50% owned by Kanematsu Kanzai Co.,Ltd.
(2) Acquisition price: ¥3,800 million (excluding consumption tax)
3. Overview of Transaction Partnes
| (1)Official name | : | Kanematsu Kanzai Co.,Ltd. |
| (2)Head office | : | 2-1 Shibaura 1-chome, Minato-ku, Tokyo |
| (3)Representative | : | Takahiko Ishioka, President and Representative Director |
| (4)Capitalization | : | ¥80 million |
4. Acquisition Schedule
| July 31, 2006 | : | Conclusion of transfer memorandum (expected) |
| Late September 2006 | : | Conclusion of purchase contract and transfer of ownership (expected) |
5. Forecast
The acquisition of the above-mentioned assets is expected to have a slight impact on NTT Urban Development's non-consolidated and consolidated operating performance.