February 5, 2016

Notice regarding the Revision of Non-Consolidated Financial Forecasts

Nippon Telegraph and Telephone Corporation ("NTT") hereby announces that, at a meeting of its Board of Directors held today, NTT resolved to revise its non-consolidated financial forecasts for the fiscal year ending March 31, 2016, as stated below.

1.Reason for the Revision

NTT's Board of Directors resolved today that NTT may participate in the tender offer to sell 117,924,500 shares (approximately 300 billion yen) of its current holdings of NTT DOCOMO, INC. ("NTT DOCOMO") common stock. In addition, Nippon Telegraph and Telephone East Corporation ("NTT East"), a subsidiary of NTT, resolved the amount of its distribution of surplus. Accordingly, NTT announced the following revisions to its non-consolidated financial forecasts for the fiscal year ending March 31, 2016, previously announced on November 6, 2015.
NTT will not revise its consolidated financial forecasts for the fiscal year ending March 31, 2016, because such events will not have a material impact on NTT's consolidated results of operations.

2.Revised Non-Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2016

NTT expects to record 100.0 billion yen in operating revenues in connection with the amount of distribution of surplus from NTT East.
NTT expects to record an extraordinary gain of 299.0 billion yen in connection with the sale of its shares in NTT DOCOMO. The proceeds from the sale of NTT DOCOMO shares are calculated based on the assumption that all tendered shares will be purchased, and at the tender offer price of "2,544yen/share". All or a portion of tendered shares may not be purchased.
The figures for Earnings per Share have been adjusted to reflect the impact of NTT's two-for-one stock split of common stock, with an effective date of July 1, 2015.
The figures for Earnings per Share (Previous Forecast) have been calculated based on NTT's non-consolidated financial forecasts for the fiscal year ending March 31, 2016, previously announced on November 6, 2015.

For further inquiries, please contact:

Corporate Strategy Planning Department

Nippon Telegraph and Telephone Corporation
E-mail: jigyou@hco.ntt.co.jp

Information is current as of the date of issue of the individual press release.
Please be advised that information may be outdated after that point.

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