56ID Cred Ag Co 27

TIDM56ID

RNS Number : 4573G

Softbank Corp

12 May 2011

Replacement

The following text replaces RNS No 1822G released on May 9, 2011. The original text was incorrect. The corrected text follows.

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May 9, 2011

UJPY 50,000,000,000 1.75 Per Cent. Convertible Bonds Due 2014

UOccurrence and Exercise of the Call Option

SOFTBANK CORP. (hereafter "the Company") announces that it has decided to exercise the early redemption option on all of JPY 50,000,000,000 1.75 per cent. Convertible Bonds due 2014 (issued by the Company on December 30, 2003, hereafter "the Bonds"), which the Company attained on May 2, 2011 as the 150 per cent option clause(*1) stipulated in the prospectus of the Bonds was satisfied on the same day.

*1 150 per cent option clause: clause 6.2 of the terms and conditions of the Bonds sets out that the Company may, on and after 31st March, 2008 having given not less than 30 nor more than 60 days' prior irrevocable notice to the Bondholders, redeem all, but not some only, of the Bonds then outstanding at 100 per cent. of their principal amount, together with interest accrued to the date fixed for such redemption, provided, however, that no such redemption may be made unless the closing price of the shares of common stock of the Company for each of the 30 consecutive trading days, the last of which occurs not more than 30 days prior to the date upon which the notice of such redemption is first published, is at least 150 per cent. of the conversion price in effect on each such trading day.

   1 Bonds to be redeemed before maturity(*2             ) JPY 50,000,000,000 1.75 per cent. Convertible Bonds due 2014 

2 Notional amount of early redemption Amount of all of the Bonds then outstanding as of planned early redemption day

*Outstanding amount as of March 31, 2011: JPY 49,992 million

3 Planned early redemption day June 27, 2011 (GMT)

4 Total amount to be paid for early redemption Bonds then outstanding at 100 per cent. of their principal amount, together with interest accrued to the date fixed for such redemption

<Reference: press releases regarding the Bonds> (Japanese version only)

December, 11, 2003: Notice Regarding the Issuance of JPY 50,000,000,000 1.5 Per Cent. Convertible Bonds Due 2013, JPY 50,000,000,000 1.75 Per Cent. Convertible Bonds Due 2014, JPY 50,000,000,000 2.0 Per Cent. Convertible Bonds Due 2015 and International Offering of 14,500,000 Shares of Common Stock

December 12, 2003: Notice Regarding the Terms and Conditions of JPY 50,000,000,000 1.5 Per Cent. Convertible Bonds Due 2013, JPY 50,000,000,000 1.75 Per Cent. Convertible Bonds Due 2014, JPY 50,000,000,000 2.0 Per Cent. Convertible Bonds Due 2015 and International Offering of 14,500,000 Shares of Common Stock

December 19, 2003: Notice Regarding the Total Issuance Amount of JPY 50,000,000,000 1.5 Per Cent. Convertible Bonds Due 2013, JPY 50,000,000,000 1.75 Per Cent. Convertible Bonds Due 2014, JPY 50,000,000,000 2.0 Per Cent. Convertible Bonds Due 2015 and International Offering of 14,500,000 Shares of Common Stock

*2 The Bonds are listed on the London Stock Exchange and Singapore Exchange.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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