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Notice Regarding the Determination of the Exercise Price of Stock Options

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Notice Regarding the Determination of the Exercise Price of Stock Options

- Stock Acquisition Rights -


July 10, 2007

TDK Corporation (the "Company") announced that the Exercise Price of the stock acquisition rights to be issued as stock options (the "Stock Acquisition Right(s)") and other related items were decided pursuant to the resolution of the extraordinary board of directors meeting held on July 29, 2007.

  1. Total number of stock acquisition rights
    976.
    The number of shares to be allotted to each Stock Acquisition Right is 100 shares.
  2. Number of stock acquisition rights allotted and number of eligible persons
    936 stock acquisition rights will be allotted to 177 high-ranking TDK managers, 30 stock acquisition rights will be allotted to 5 directors and 10 stock acquisition rights will be allotted to 2 high-ranking managers of group companies.
  3. Amount to be paid for stock acquisition rights
    No payment shall be necessary for stock acquisition rights.
  4. Class and number of shares to be issued upon the exercise of the stock acquisition rights
    The Company's common stock     97,600 shares
  5. The amount to be invested when exercising stock acquisition rights
    ¥1,209,800   for each stock acquisition right
    ¥12,098   for each share

    The Exercise Price is an amount which is the average of the closing prices of the Company's shares of common stock on the Tokyo Stock Exchange on each day (other than any day on which no sale is reported) of the month immediately preceding the month in which the date of the issue of the Stock Acquisition Rights, July 11, 2007, falls, multiplied by 1.05 with any amount less than one Japanese Yen arising out of such calculation to be rounded upward to the nearest Yen.

For further information, contact the Corporate Communications Dept.
Tel.: 81-3-6778-1055
E-mail: pr@jp.tdk.com

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