Fuji Television Network, Inc. Announces Notice of Amendment to Tender Offer Terms

Business Wire, Feb 10, 2005

TOKYO -- Fuji Television Network, Incorporated ("the Offeror") hereby gives notice that it will amend the terms and the purpose of its tender offer to acquire shares of Nippon Broadcasting System, Incorporated (Tokyo Stock Exchange, 2nd Section; Code Number 4660) ("the Target") as set forth below. A public notice of the following amendments is scheduled to be made on February 15, 2005.

The major terms to be amended are: (i) a decrease of the minimum number of shares to be purchased (from more than 50% of the total number of issued shares of Nippon Broadcasting System, Incorporated, including the number of shares that are already held by the Offeror, to more than 25% thereof) and (ii) an extension of the duration of the offer. The purpose of such amendments is to ensure the successful completion of this tender offer in light of events that occurred after this tender offer was commenced. There has been no change to our policies concerning future capital and business strategies as set forth under "Purpose of Tender Offer" in the "Notice of Commencement of Tender Offer," dated January 17, 2005, including our plan to obtain the management control over Nippon Broadcasting System, Incorporated.

As we have previously announced, in light of the transition to a period of integration of broadcasting and other forms of communications, we will actively promote alliances with outside companies in areas related to broadband and mobile communications. In doing so, we intend to independently make decisions, based on the strategies of the Offeror and the Fuji-Sankei Group relating to the Internet and taking into consideration various factors, including the business know-how, technological development capabilities, marketing infrastructures and human resources of potential business partners, as well as their affinity and potential synergies with our group.

Even if our shareholding ratio does not exceed 50% as the result of this tender offer, we will continue to promote the capital and business strategies in accordance with our stated policies.