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NEC Makes Additional Contribution to the Employee Retirement Benefit Trust and Posts Extraordinary Loss

*** For immediate use April 27, 2012

Tokyo, April 27, 2012 - NEC Corporation (NEC; TSE: 6701) announced today an  additional contribution to the employee retirement benefit trust through the contribution of a portion of shares that NEC holds in Renesas Electronics Corporation (Renesas; TSE: 6723) in order to reinforce the strength of NEC's pension financing.

After making the contribution, NEC will continue to have voting rights for the Renesas shares that are contributed to the employee retirement benefit trust. There will be no change to NEC's relationship with Renesas, which will continue to be an NEC affiliate accounted for by the equity method.

  1. Date of trust establishment
        May 1, 2012

  2. Number of shares to be contributed
        57.1 million shares

  3. Change in number of shares and voting right ratio
     Stock Name Number of Shares Voting Right Ratio
    Before Change After Change Before Change After Change
    Renesas Shares
       Benefit Trust
    Thousand Shares
    Thousand Shares
    Total 147,896 147,896 35.46 35.46

  4. Employee retirement benefit trust amount at establishment
        JPY 27 billion (approximate)

  5. Extraordinary loss
    Due to this contribution of Renesas shares to the retirement benefit trust, NEC will recognize a consolidated extraordinary loss of approximately 5.0 billion yen for the fiscal year ending March 31, 2013 as loss on the contribution of securities to the retirement benefit trust.

  6. Effect on NEC's business results
    The loss from this contribution of shares to the retirement benefit trust has been factored into the consolidated financial forecasts for the fiscal year ending March 31, 2013, disclosed on April 27, 2012.



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