February 5, 2021

NOTICE REGARDING THE REVISION OF DIVIDEND FORECASTS FOR THE FISCAL YEAR ENDING MARCH 31, 2021

Nippon Telegraph and Telephone Corporation ("NTT") hereby announces that, at a meeting of its Board of Directors held today, NTT resolved to revise its dividend per share forecast for the fiscal year ending March 31, 2021, as stated below.

1．Reason for the Revision of the Dividend Forecast

NTT has identified the return of profits to shareholders as an important management goal, and the implementation of steady dividend increases is a fundamental policy of its medium-term management strategy. 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.

2.Details of the Revision

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	Annual Dividends
	Interim Dividend	Year-end Dividend	Annual Total
Year Ending March 31, 2021 (Forecasts when previous annual results were announced)	50 yen (Actual)	50 yen	100 yen
Year Ending March 31, 2021 (Revised Forecast)	50 yen (Actual)	55 yen	105 yen

Year Ended March 31, 2020 (Results)	47.5 yen	47.5 yen	95 yen

(Note) NTT conducted a two-for-one stock split of its common stock with an effective date of January 1, 2020. The interim dividend amount presented for the year ended March 31, 2020 reflects the impact of the stock split.

For further inquiries, please contact:

NAKAYAMA or KOIZUMI

Investor Relations Office
Finance and Accounting Department
Nippon Telegraph and Telephone Corporation
Contact us by email:
https://group.ntt/en/ir/contact/

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Please be advised that information may be outdated after that point.

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