Press Releases 2002

Concerning Media Reports on the Sale of Aozora Bank Shares

May 13, 2002

Some media today carried reports that our company would “sell shares in Aozora Bank,Ltd. and find a buyer in the next month at the earliest.”

It is a fact that, as SOFTBANK CORP. works to improve its finances, it has been selling assets and buying and writing off unsecured ordinary bonds with the aim of selecting and focusing its businesses. Nevertheless, none of the specific details of the matter reported in some of the media has yet been decided.

This Press Release may contain “material information” as defined in Article 166 of the Securities and Exchange Law (“Material Information”). Please note that any person who has obtained information by reading a Press Release (including this one) containing Material Information may be subject to the “Insider Trading” Law if such person engages in purchase or sale of securities of the Company and/or affiliates thereof, within twelve (12) hours of the release of such Material Information pursuant to the Cabinet Order for Enforcement of the Securities and Exchange Law.

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