NEC Electronics Announces the Amount of Assets to be Contributed upon Exercise of the Stock Acquisition Rights for Stock Option

1.

Allotment Date of the Stock Acquisition Rights
  July 13, 2006

2.

Amount of Assets to be contributed upon Exercise of the Stock Acquisition Rights
  3,927 yen per share

3.

Total Amount of Assets to be contributed upon Exercise of the Stock Acquisition Rights
  314,160,000 yen

4.

Amount of Capital and Capital Reserve to be Increased by Issuance of Shares upon Exercise of the Stock Acquisition Rights
  1,964 yen per share

Reference data:

1)

Resolution Date of the Meeting of the Board of Directors of the Company to make a proposal to the 4th Ordinary General Meeting of Shareholders of the Company
April 28, 2006

2)

Aggregate Number of the Stock Acquisition Rights
800

3)

Number of shares to be issued or transferred upon Exercise of the Stock Acquisition Rights
80,000 shares of common stock of the Company will be issued or transferred.
The number of shares to be issued or transferred upon exercise of each Stock Acquisition Right shall be 100 shares of common stock of the Company.

4)

Whether Payment of Consideration for Stock Acquisition Rights is Required or Not
No payment of any consideration is required for the Stock Acquisition Rights.

5)

Exercise Period of the Stock Acquisition Rights
The period during which the Stock Acquisition Rights may be exercised is from July 13, 2008 to July 12, 2012.
(If the last day of such period falls on a holiday of the Company, the immediately preceding business day shall be the last day of such period.)

6)

Persons to whom the Stock Acquisition Rights will be Allotted
Directors, Corporate Officers and employees of the Company and its subsidiaries who are in office as of the Allotment Date.

A total of 31 persons