>Please note that JavaScript and style sheet are used in this website,
Due to unadaptability of the style sheet with the browser used in your computer, pages may not look as original.
Even in such a case, however, the contents can be used safely.
Announcement regarding NEC ADRs
January 23, 2009
As previously announced, as part of a cease and desist order issued by the U.S. Securities and Exchange Commission on June 17, 2008, the registration of each class of NEC Corporation’s securities under the U.S. Securities and Exchange Act of 1934 was revoked pursuant to Section 12(j) of the U.S. Securities and Exchange Act of 1934.
As a result, practically no U.S. broker or dealer is permitted to effect any transaction of any NEC security, including NEC’s American Depositary Receipts (“NEC ADRs”). NEC ADR holders, however, are able to cancel their NEC ADRs and withdraw and sell the underlying ordinary shares in the Japanese stock market. NEC ADR holders are also able to hold such underlying ordinary shares continuously through securities companies or otherwise until they wish to sell the NEC ordinary shares in the Japanese stock market.
In order to cancel their NEC ADRs, NEC ADR holders must provide, through their securities companies or otherwise, the Bank of New York Mellon, the depositary bank of NEC ADRs, with specific instructions to cancel their NEC ADRs and withdraw the underlying ordinary shares. In this connection, NEC plans to pay to the Bank of New York Mellon the ADR cancellation fees normally charged to the NEC ADR holders by the Bank of New York Mellon to the extent that the cancellation request is made from January 30, 2009 to December 31, 2009 (both dates inclusive).
With respect to any NEC ADRs cancellation instructions and sales of the underlying ordinary shares in the Japanese stock market, please contact your securities company.
If you have any questions regarding the cancellation process, please ask your securities company or broker to contact The Bank of New York Mellon (NY: +1(212)815-3874, London: +44(207)964-6419).
If you are a registered holder who holds a certifcated form of NEC ADRs directly through The Bank of New York Mellon and have questions regarding the cancellation process, please call
+1(888)269-2377 (1-888-BNY-ADRS), From outside U.S.: +1(201)680-6825.
Other inquiries :
NEC Corporation
Legal Division
