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Press Release

October 21, 2004
DISCO to Issue Share Acquisition Rights for the Purpose of Granting Stock Options

DISCO Corporation has announced that it decided, at the meeting of its board of directors held today, the details regarding share acquisition rights to be issued for the purpose of granting stock options, pursuant to the provisions of Articles 280-2 and 280-21 of the Commercial Code of Japan, approved at the Company's ordinary general meeting of shareholders held on June 24, 2004.

Descriptions

1. Date of issue of share acquisition rights:
October 29, 2004.
2. Total number of share acquisition rights to be issued:
860 share acquisition rights.
(100 common shares per one share acquisition rights).
3. Issue price of each share acquisition right:
Issued without charge.
4. Type and number of shares issued upon the exercise of share acquisition rights:
86,000 common shares.
5. The amount to be paid upon exercise of each share acquisition right:
Determined on October 29, 2004.
6. Total amount of shares to be issued as a result of exercised acquisition rights:
Determined on October 29, 2004.
7. Exercised period:
From October 30, 2006 and until October 29, 2012.
8. Issue of share acquisition rights certificates:
Share acquisition rights certificates shall be issued only at the request of holders of share acquisition rights.
9. Amount, to be issued to stated capital, out of the issue price of the shares to be issued upon exercise of share acquisition rights:
Amount equal to one half of the issue price of the shares.
10. Persons to whom share acquisition rights will be offered:
Directors and employees of the company and its subsidiaries, totaling 317 persons.
11. Filing of Yuka-shouken (valuable share certificates) notification:
The provisions above shall be subject to entry into force of notification of Yuka- shouken(valuable share certificates) pursuant to Securities and Exchange Law.

[Reference]
(1) Date on which Board of Directors resolved to submit a proposal at the ordinary general meeting of shareholders regarding the issue of share acquisition rights: May 19, 2004
(2) Date of approval at the ordinary general meeting of shareholders: June 24, 2004

Contact: Tsutomu Nakayama
Phone: 81-3-4590-1099
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