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Foreign Ownership Shares

Nippon Television Network Corporation
(Tokyo Stock Exchange 9404)

Foreign ownership of Nippon Television Network Corporation (NTV) shares accounted for 19.99% as of September 30, 2004.Details are as follows:

1. Foreign ownership shares as of September 30, 2004
Foreign ownership of NTV shares
(A: voting shares)
Total issued number of NTV shares
(B: voting shares)
Ratio of foreign ownership of NTV shares
(A / B x 100)
2. Date of publication: October 26, 2004

In accordance with Japanese law, foreign ownership shares must not exceed 20% as that would mean a revocation of the broadcasting license.Therefore, our company reserves the right to deny requests by foreigners to register their name on our list of shareholders, should foreign ownership shares reach its legal limit.

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