News Release

May 14, 2004

Settlement for Fiscal Year Ended March 31, 2004

The results of Nippon Telegraph and Telephone East Corporation (NTT East) for fiscal 2003 are presented in the following attachments.

1. Summary of Results
2. Non-consolidated Balance Sheet
3. Non-consolidated Statement of Income
4. Non-consolidated Statement of Cash Flows
5. Proposal of Appropriation of Unappropriated Retained Earnings
6. Business Results (Non-consolidated Operating Revenues)
7. New Board of Directors

(Reference)  Non-Consolidated Financial Results for the Fiscal Year Ended March 31, 2004

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