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Notice of Accrual of Right under the Call Option Provision Concerning Euro Yen Convertible Bonds Due 2017

IRJan 05, 2015

銆銆With respect to Euro Yen Convertible Bonds Due 2017 issued on March 16, 2012 (hereinafter referred to as the 鈥淐onvertible Bonds), we hereby announce that the requirements of the 130% call option provision under Article 7.2.1 of the Terms and Conditions of the Convertible Bonds were fulfilled as of today, January 5, 2015, and our Company is now entitled to early redemption of all Convertible Bonds outstanding at a price equal to 100% of the face value on or after March 16, 2015.

銆銆In the event that our Company decides to exercise its right according to the provision, we will notify the bond holders of the matters necessary for such redemption within 30 days from the date on which the right accrued and during a period of more than 30 days and less than 60 days prior to such redemption date. However, it has not yet been determined whether our Company will exercise the right or not at this time.

銆銆This right accrues when the closing price of ordinary transactions of our Company鈥檚 common shares (not including any indicative price) on the Tokyo Stock Exchange equals or exceeds 130% of the conversion price applied on the trading date for 30 consecutive trading days, and therefore, it is possible that such right will continue to accrue after January 6, 2015 as well.

[Reference]
Outline of Euro Yen Convertible Bonds Due 2017
Issue Date 銆銆銆銆銆銆銆銆銆銆銆銆銆銆銆銆 銆銆 銆March 16, 2012 (London Time)
Due Date for Redemption銆銆銆銆銆銆銆銆銆銆銆March 16, 2017 (London Time)
Total Amount of Issue 銆銆銆銆銆銆銆銆銆銆銆銆15,000,000,000 Yen
Balance as of December 31, 2014銆銆銆銆銆 14,990,000,000 Yen


Contact:
Corporate Communication Group
YASKAWA Electric Corporation
E-mail: web_mstr@yaskawa.co.jp

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