NTT DoCoMo to sell stake in Hutchison 3G UK

May 16, 2005

NTT DoCoMo announced that it will complete the sale of its 20% stake in Hutchison 3G UK (H3G UK) to Hutchison Whampoa on June 23, 2005.

DoCoMo will record a gain on sale of affiliate shares of approximately 62 billion yen on a consolidated basis in the fiscal year ending March 31, 2006 including foreign currency translation adjustment and as a result, will amend its consolidated financial forecasts, which were announced on May 10, 2005.

The non-consolidated financial forecast remains unchanged.

DoCoMo and Hutchison Whampoa signed a Sale and Purchase Agreement on May 27, 2004 under which DoCoMo was to sell its entire stake in H3G UK to HWL for £120 million in three installments to be completed by February 15, 2007.

However, Hutchison Whampoa notified DoCoMo on May 9, 2005 of its intention to accelerate the final closing of the transaction to June 23, 2005.