TOKYO, June 18, 2008 - NEC Corporation ("NEC") has been subject to an informal inquiry by the U.S. Securities and Exchange Commission ("SEC") concerning matters including its failure to file annual reports on Form 20-F to be filed with the SEC for the fiscal year ended March 31, 2006 and thereafter (the "Annual Reports"). NEC entered into a settlement agreement with the SEC and as part of the settlement, the SEC issued a cease and desist order (the "Order") as described below.

The Order, which was issued on June 17, 2008, stipulates that (a) NEC shall cease and desist from the violations of certain clauses of the U.S. Securities and Exchange Act of 1934 (the "Act") because the SEC found that certain actions by NEC (including the failure to file the Annual Reports) violated certain provisions of the Act, and (b) the registration under the Act of securities issued by NEC shall be revoked (Note). NEC has not admitted or denied the findings by the SEC set forth in the Order. No surcharge or other forms of monetary payment is required under the Order.

(Note) NEC's American Depositary Receipts (ADRs) were delisted from the Nasdaq Stock Market in October 2007.

About NEC Corporation
NEC Corporation (TSE: 6701) is one of the world's leading providers of Internet, broadband network and enterprise business solutions dedicated to meeting the specialized needs of its diverse and global base of customers. NEC delivers tailored solutions in the key fields of computer, networking and electron devices, by integrating its technical strengths in IT and Networks, and by providing advanced semiconductor solutions through NEC Electronics Corporation. The NEC Group employs more than 150,000 people worldwide. For additional information, please visit the NEC home page at: www.nec.com


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