NEC Corporation

16. Commitments and Contingent Liabilities

Commitments outstanding at March 31, 1996 for the purchase of property, plant and equipment approximated 33,629 million yen ($314,290 thousand).

Contingent liabilities at March 31, 1996 for notes discounted, loans guaranteed and other guarantees amounted to approximately 250,787 million yen ($2,343,804 thousand).

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