February 5, 2016

NOTICE REGARDING THE REVISION OF DIVIDEND FORECASTS FOR THE FISCAL YEAR ENDING MARCH 31, 2016

Nippon Telegraph and Telephone Corporation ("NTT") hereby announces that, at a meeting of its Board of Directors held today, NTT resolved to amend its forecast of dividend per share for the fiscal year ending March 31, 2016, as stated below.

1.Reason for the revision

NTT has identified the return of profits to shareholders as an important management goal and considers the enhancement of shareholder returns in the medium term to be a key policy. NTT plans to increase its dividend as a result of taking into account a full range of factors, including business performance, financial standing and dividend payout ratio, while also giving consideration to stability and sustainability.

2.Details of the revision

	Annual Dividends
	Interim Dividend	Year-end Dividend	Annual Total
Year Ending March 31, 2016 (Forecasts when previous annual results were announced)	50 yen (Actual)	50 yen	100 yen
Year Ending March 31, 2016 (Revised Forecast)	50 yen (Actual)	60 yen	110 yen

Year Ended March 31, 2015 (Results)	45 yen	45 yen	90 yen

NTT conducted a two-for-one stock split of its common stock, with an effective date of July 1, 2015. The figures above have taken the stock split into account.

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
Fax: +81-3-6838-5499

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Please be advised that information may be outdated after that point.

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