Toshiba to Split Off TelecomToshiba to Split Off Telecom

TOKYO -- This document offers notice that Toshiba Corporation (hereafter called "Separation Company") has decided to separate its telecommunication system business serving the private sector, as conducted by the Telecommunication Systems Division, a division of Separation Company's Social Network & Infrastructure Systems Company (hereinafter called "Separation Business"), one of its in-house companies, on January 1st, 2004. The Separation Business includes development, design, manufacture and sales of telecommunications systems business serving the private sector, with the exception of those of optical fiber submarine cable systems and FWA (Fixed Wireless Access). On the same date, the Separation Business is to be succeeded by Toshiba Communication Systems Corporation (hereafter called the "Successor Company").

Toshiba Corp.