Fujitsu Limited

euro adhoc: Fujitsu Limited
Notice Regarding the Sale Price of Shares of FANUC (E)

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                                                                                      Fujitsu Limited

                 Notice Regarding the Sale Price of Shares of FANUC

Tokyo, November 12, 2003- Fujitsu Limited ("Fujitsu") today announced the sale price, etc., of the portion of its shareholdings in FANUC LTD. (FANUC) that it has announced, on October 28, 2003, to sell through a secondary offering (the "Offering"). Details are as below.

Number of Shares Sold

24,000,000 shares In addition to the number of shares stated above, Fujitsu has granted the option to purchase up to 3,600,000 additional shares (the "Greenshoe Option") to Nikko Citigroup, the lead manager of the Offering (the "Lead Manager"). The Greenshoe Option will be exercisable until December 17, 2003.

Remaining Shares of FANUC Held by Fujitsu After the Offering

35,681,663 shares The percentage of total voting rights to be held by Fujitsu in FANUC, including the 8,000,000 shares held by the employee pension trust over which Fujitsu retains voting rights, will be 19.64% (disregarding the Greenshoe Option stated above).

Sale Price

6,186.84 yen per share

Value of Sale

148,484,160,000 yen

Impact on FY2003 Financial Results

The above-mentioned sale of shares is expected to result in an extraordinary profit of approximately 83.1 billion yen on a consolidated basis.  The impact on consolidated net income is projected to be an increase of about 22.9 billion yen.  On an unconsolidated basis, the transaction is expected to result in an extraordinary profit of approximately 148.2 billion yen and an increase in net income of about 88.0 billion yen.

As a result of this transaction, Fujitsu at this time is revising only the unconsolidated earnings projections it issued at the time of its FY2003 first half financial results announcement on October 29, 2003.

With respect to its consolidated earnings projections for the current fiscal year, the extraordinary profit generated from the above-mentioned sale of shares will serve to offset the extraordinary losses stemming from restructuring and other charges posted in the first half.  There will be a reduction in earnings from minority interests in the second half, as FANUC's results will no longer be accounted for by the equity method.  With these and other factors taken into consideration, Fujitsu's consolidated earnings projections remain unchanged.

On an unconsolidated basis, as a result of the extraordinary profit generated from the above-mentioned sale and other factors, Fujitsu has revised its forecast for net income from 50 billion yen to 120 billion yen.

Unconsolidated Earnings Forecast For the Fiscal Year Ending March 31, 2004

                                                                                        Yen (Billions)
                                        Net Sales    Operating Income      Net Income
Previous Forecast                  2,730                          40                 50
Revised Forecast                    2,730                          40                120
Amount of Increase                        0                            0                 70
% Increase                                    0%                          0%              140%
FY2002 Results                        2,695                        21.8              -175

About Fujitsu

Fujitsu is a leading provider of customer-focused IT and communications solutions for the global marketplace. Pace-setting technologies, highly reliable computing and telecommunications platforms, and a worldwide corps of systems and services experts uniquely position Fujitsu to deliver comprehensive solutions that open up infinite possibilities for its customers' success. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.6 trillion yen (US$38 billion) for the fiscal year ended March 31, 2003.  For more information, please see

*This notice is a press release for the general announcement of the sale of FANUC shares, and does not constitute an offer to subscribe for such shares.

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

                                  This information is provided by RNS
                  The company news service from the London Stock Exchange

end of announcement            euro adhoc 12.11.2003

Further inquiry note: Press Contacts Fujitsu Limited

TEL:+81 (0) 3-6252-2176 FAX:+81 (0) 3-6252-2783

Branche: Hardware
ISIN:      JP3818000006
WKN:        0354912
Börsen:  Frankfurter Wertpapierbörse / official dealing
              SWX Swiss Exchange / official dealing
              London Stock Exchange / official dealing

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