SOFTBANK CORP. (TSE:9984) agreed to acquire eAccess Ltd (TSE:9427) from Century Private Equity Holdings (S) Pte Ltd., Nomura International (Hong Kong) Limited, Sachio Semmoto, Eric Gan, Morningside Ventures, Premier Investment, State Street Global Advisors, Inc., The Blackstone Group L.P. (NYSE:BX) and its fund, Blackstone Capital Partners V, L.P. and other shareholders for approximately ¥180 billion in stock on September 27, 2012. The consideration will be settled by means of a share swap. The shareholders of eAccess will be allotted 16.74 shares of Softbank shares.

As on October 1, 2012, executed an agreement to acquire eAccess Ltd (TSE:9427). The deal is resolved by the Board of Directors of SOFTBANK CORP. As of October 1, 2012, the deal is resolved by the Board of Directors of eAccess Ltd. The deal is subject to approval from the general meeting of shareholders of eAccess and shareholders of SOFTBANK. The deal is expected to be completed on February 28, 2013. The Board of Directors of SOFTBANK took the resolution on September 27, 2012. On completion, eAccess Ltd will be delisted from the exchange on February 25, 2012. As on November 2, 2012, the agreement has been amended and now does not require approval of the general meeting of shareholders of SOFTBANK, while it requires approval of the general meeting of shareholders of eAccess which is expected to be held around January 2013. November 1, 2012, is the record date for the extraordinary shareholders' Meeting of eAccess, December 25, 2012 is the tentative final day of share trading of eAccess, December 26, 2012, is the tentative date of delisting of eAccess and January 1, 2013 is the tentative date of the share exchange. As of November 2, 2012, the transaction is now expected to be completed in January, 2013, instead of February, 2013. As on November 2, 2012, the agreement was amended taking into consideration the result of mutual consultation regarding the shortening of the schedule of the share exchange, the revision of the exchange rate and other matters, and that both companies entered into the amendment agreement. The “Exchange Rate” will be 20.09. As on December 7, 2012, the transaction was approved by the shareholders of eAccess Ltd. As of December 26, 2012, eAccess Ltd. was delisted.

Goldman Sachs (Japan) Co. Ltd. acted as financial advisor to eAccess Ltd. Mizuho Securities Co., Ltd. and Plutus Consulting Co. Ltd. acted as financial advisors to SOFTBANK CORP. Nagashima Ohno & Tsunematsu, and Gregory Puff, Zach Wittenberg, Stuart Leblang and Ron Grabov-Nardini of Akin Gump Strauss Hauer Feld LLP acted as legal advisors to eAccess, and Ken Siegel and Andrew Winden of Morrison & Foerster, LLP acted as legal advisors to SOFTBANK. UBS Investment Bank provided fairness opinion to eAccess Ltd. David Sneider of Simpson of Thacher & Bartlett LLP acted as legal advisor to The Blackstone Group. Garth Bray, Stephen Kotran and Keiji Hatano of Sullivan & Cromwell also acted as legal advisors to Goldman Sachs, shareholder of eAccess.

SOFTBANK CORP. (TSE:9984) completed the acquisition of eAccess Ltd (TSE:9427) from Century Private Equity Holdings (S) Pte Ltd., Nomura International (Hong Kong) Limited, Sachio Semmoto, Eric Gan, Morningside Ventures, Premier Investment, State Street Global Advisors, Inc., The Blackstone Group L.P. (NYSE:BX) and its fund, Blackstone Capital Partners V, L.P. and other shareholders on January 1, 2013.