Dentsu (President: Yutaka Narita; Head Office: Tokyo; Capital: 58,967.1 million yen) announced that it will partially revise its pre-retirement policy for corporate officers which it introduced in March 2000. An updated version of the policy for such officers will be launched in March 2002. It also plans to offer a new early retirement incentive, and applications will be solicited from April 2002.

The improved version of the pre-retirement policy for corporate officers and the early retirement incentive plan, both of which were introduced initially in 2000, embody Dentsu's attempt to accelerate its organizational restructuring reforms and boost competitiveness while offering more options to eligible personnel to suit their individual life plans.

The new programs are outlined below.

1. New Pre-Retirement Policy for Corporate Officers
The corporate officers holding the posts of Director, Deputy Director and Senior Manager will be the subjects of the new policy. They are required to step down from their respective positions at the age of 58.
They will leave their posts effective on the last day of September or March immediately after their respective 58th birthdays, regardless of their month of birth.

According to the new program, the monthly remuneration and bonuses of those who have reached their pre-retirement age as corporate officers will be reduced from the previous levels, while position titles will be revised. English titles are not yet determined.

Special treatment will be set aside and accorded to select directors whose exceptional merit has been recognized by the Board of Directors.

2. New Early Retirement Incentive Plan
The original plan, which was launched in 2000, will be enhanced with a larger incentive given in the form of special additions to ordinary retirement benefits.

The updated early retirement incentive plan will be offered for three years only starting from 2002.

Applications may be submitted from April 2002, and the plan will come into force on July 1.