Analyst Coverage

List of analysts from securities companies and research firms who make recommendations and reports concerning NEC Electronics business performance, etc. (in alphabetical order)

(As of March 2008) Company Name Analyst Daiwa Institute of Research Ltd. - Deutsche Securities Limited, Tokyo Branch Takeo Miyamoto Goldman Sachs (Japan) Ltd. Ikuo Matsuhashi HSBC Securities (Japan) Limited Scott Foster J.P. Morgan Securities Asia Pte. Limited Yoshiharu Izumi Lehman Brothers Japan Inc. Steven W. Myers Macquarie Capital Securities (Japan) Limited Damian Thong Merrill Lynch Japan Securities Co., Ltd. Simon Woo Mitsubishi UFJ Securities Co., Ltd. Yukihiko Shimada Mizuho Securities Co., Ltd. Eisaku Ohmori Morgan Stanley Japan Limited Kazuo Yoshikawa Nikko Citygroup Limited Yohei Kanazawa / Shinji Harada OKASAN SECRITIES CO., LTD. Kouichi Fujimoto Nomura Securites Co., Ltd. Financial & Economic Research Center Masaya Yamasaki UBS Securities Japan Ltd. Hitoshi Shin

The above-mentioned analysts are those who we confirmed as writers of reports on NEC Electronics. This list is subject to change as firms add or delete coverage of NEC Electronics. Please note it is possible that there are other analysts who perform analyses of NEC Electronics, and that the table does not always show the most updated list of such analysts.

The information in this table is solely for informational purposes, and is not intended as a solicitation to make investments. Please note that any opinions, estimates or forecasts regarding NEC Electronics' historical or predicted performance made by the analysts at these firms are theirs alone and do not represent opinions, forecasts or predictions of NEC Electronics or its management. NEC Electronics does not by listing these firms imply its endorsement of or concurrence with such forecasts, opinions or recommendations.

Analysts examine NEC Electronics performance, businesses, products and technologies, and make forecasts based on their independent judgments. Please be aware that neither NEC Electronics nor its management is in any way involved in this process.

If you actually intend to trade stock, please make such decisions in accordance with your own judgment and responsibility.