Press Releases 2005

Announcement of Selling of SOFTBANK INTERNET TECHNOLOGY FUNDS 1 and 2

Jun. 15, 2005

SOFTBANK CORP. hereby announces that SOFTBANK FINANCE CORPORATION (Head office: Minato-ku, Tokyo; Representative Director: Yoshitaka Kitao), our wholly owned subsidiary, has sold all the units of both SOFTBANK INTERNET TECHNOLOGY FUNDS 1 and 2, as follows. The net proceeds will be applied to our business fund and others.

1. Outlines of the sale

(1)Units of contribution sold
  • 250 units of SOFTBANK INTERNET TECHNOLOGY FUND 1
  • 250 units of SOFTBANK INTERNET TECHNOLOGY FUND 2
(2) Sales price 50.5 billion yen in total
(3) Buyer SOFTBANK INVESTMENT CORPORATION

2. Effect on consolidated financial results

Gains on sale of investment securities would be recognized approximately 9.8 billion yen on a consolidated basis in the 1st quarter of the fiscal year ending March 31, 2006.

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