Japanese Release

FOR IMMEDIATE RELEASE 1999-0061

Fujitsu to Purchase Remaining Shares in NIFTY Corporation

Tokyo, March 23, 1999---Fujitsu Limited today announced that it has reached an agreement with Nisho Iwai Corporation under which Fujitsu will purchase all of Nisho Iwai's shares in NIFTY Corporation, their 50-50 joint venture online services company. The transaction, valued at 26 billion yen, will take place on March 31, 1999. When the purchase is completed, NIFTY will become a wholly owned subsidiary of Fujitsu Limited.

NIFTY was established in February 1986 as a joint venture between Fujitsu and Nisho Iwai. Since the launch of the NIFTY SERVE PC communication service in April 1987, it has grown to encompass a full range of online content and services, including forums, databases, online shopping and other features in a wide variety of fields. Capitalizing from an early date on the emergence of the Internet, NIFTY SERVE has introduced a steadily expanding array of Internet-related services, and today it is Japan's largest comprehensive online service provider, with 2.69 million subscribers and nearly 750 forums (as of the end of February 1999).

The acquisition will enable Fujitsu to further enhance synergy between NIFTY and InfoWeb, the Fujitsu-managed Internet service provider, and represents a major expansion of Fujitsu's network services business.

NIFTY Corporation At a Glance

Headquarters:	Shinagawa-ku, Tokyo
Established:	February 1986
Capital:	1 billion yen
Employees:	373 (as of Nov. 1998)
Annual sales:	43.1 billion yen (FY1997)
Operations:	comprehensive online information services, including corporate services, communications services, information services, transaction services, computing services, and network connection services

* All company / product names mentioned may be trademarks or registered trademarks of their respective holders and are used for identification purpose only.

Fujitsu Limited

Fujitsu Limited is a leading provider of information technology products and solutions for the global marketplace. Founded in Japan in 1935 as a telephone equipment maker, the Fujitsu Group had consolidated revenues of $37.7 billion in the fiscal year ended March 31,1998. With over 500 group companies, including Amdahl and ICL, Fujitsu is one of the world's largest suppliers of computers and information systems solutions, telecommunications and semiconductor products, software and services. The Fujitsu Group has over 180,000 employees worldwide and operations in more than 100 countries.
Homepage: http://www.fujitsu.com/

Press Contacts:
Isao Hirano, Bob Pomeroy  Fujitsu Limited, Public Relations  Tel: +81-3-3215-5236 (Tokyo)  Fax: +81-3-3216-9365  NIFTY Corporation  Public Relations Dept.  Tel: +81-3-5471-3526  e-mail: sbi00095@nifty.ne.jp