2005/08/09/

Nihon Dempa Kogyo Co., Ltd. (hereinafter referred to as the "Company") hereby makes the following announcement: the Exercise Price of the stock acquisition rights to be issued as stock options (the "Stock Acquisition Rights") and other related items were decided on the date hereof pursuant to the resolution made at the meeting of the Board of Directors held on July 29, 2005.

1. Issue Date of Stock Acquisition Rights:

August 9, 2005

2. Aggregate Number of Stock Acquisition Rights to be Issued:

1,866 Stock Acquisition Rights

The number of shares per Stock Acquisition Right is 100 shares.

3. Type and Number of Shares subject to Stock Acquisition Rights:

A total of 186,600 shares of the common stock of the Company

4. The Amount to be Paid upon the Exercise of Stock Acquisition Rights:

The Amount to be paid upon the exercise of each Stock Acquisition Rights:

298,200 yen

The paid-in value for each share to be issued or transferred upon the exercise of the Stock Acquisition Rights:

2,982 yen

5. Total paid-in value of the shares of the common stock of the Company to be issued or transferred upon the exercise Aof all the Stock Acquisition Rights:

556,441,200 yen

6. The Amount to be accounted for as stated capital in respect of shares to be issued upon exercise of Stock Acquisition Rights:

1,491 yen per share

References:

1. Date of resolution of the Board of Directors that decided the proposal at the Ordinary General Meeting of Shareholders:

April 27, 2005

2. Date of resolution of the Ordinary General Meeting of Shareholders:

June 29, 2005