OREANDA-NEWS. February 24, 2011. NEC Corporation (NEC; TSE: 6701) announced today a decision to sell Anritsu Corporation (TSE:6754) shares that were contributed to the NEC employee retirement benefit trust. The sale will be carried out with the consent of the trust administrator.

After the sale, voting rights for NEC and its subsidiaries in Anritsu Corporation will be 6.9%. As a result, Anritsu Corporation will no longer be an NEC affiliate accounted for by the equity method.
1) Number of shares to be sold

19,200 thousand shares:
Ordinary shares, which NEC has contributed to the employee retirement benefit trust.

3) Underwriter and sale method of shares

Daiwa Securities Capital Markets Co. Ltd. and others will underwrite all shares.
4) Schedule

Early March 2011
5) Price

To be decided between March 2, 2011 and March 7, 2011.
6) Effect on NEC's business results

The effect of the share sale has been factored into the consolidated financial forecasts for the fiscal year ending March 31, 2011, previously disclosed on January 27, 2011. NEC will disclose the amount of the effect on NEC’s business results as appropriate after determination of the sale price of the shares.

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