Dentsu Inc. (President: Yutaka Narita; Head Office: Tokyo; Capital: 58,967.1 million yen) announced the exercise price of the stock options granted in accordance with Article 210-2 of the Commercial Code before amendment. The stock options through treasury stock acquisition had already been approved by its shareholders at the 152nd General Shareholders' Meeting held on June 28, 2001 and by the Board of Directors during its meeting on the same day. The details appear below.

Article 210-2 of the Commercial Code was amended pursuant to the Law for Amendment, etc. of Part of the Commercial Code, etc., which came into force on October 1, 2001. The said stock options will be exercised in accordance with the Commercial Code before such amendment.

Exercise Price: [562,880 yen] per Share
The exercise price is the three-month average of the closing price of Dentsu's common stock recorded on all normal trading days from November 30, 2001 to February 28, 2002, exclusive of days when no trading took place, following the Company's initial public offering (IPO) on the Tokyo Stock Exchange, or 380,000 yen, whichever price is higher, with the decimals of the resultant figure being raised to the next whole number.

Reference: The rights to subscribe for 3,200 shares were granted to 32 Directors, Senior Executive and Executive Officers. The rights are exercisable from July 1, 2003 until June 30, 2007.