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Benesse today announced the sales price and other matters pending since June 2, 2006 when the Board of Directors passed a resolution approving the sale of a portion of the Company's existing shares.

1. Sale of Shares (portion purchased by underwriters)
(1) Sales price: 3,577 yen per share
(2) Total sales amount: 14,308,000,000 yen
(3) Subscription : 3,431 yen per share
(4) Total amount paid by underwriters: 13,724,000,000 yen
(5) Subscription period: Wednesday, June 14 to Thursday, June 15, 2006.
(6) Delivery date: Wednesday, June 21, 2006.
Note: Underwriters shall purchase the shares at the subscription price and sell them at the sales price.

2. Sale of Shares (over-allotment)
(1) Number of shares: 600,000 shares of common stock
(2) Sales price: 3,577 yen per share
(3) Total sales amount: 2,146,200,000 yen
(4) Subscription period: Wednesday, June 14 to Thursday, June 15, 2006.
(5) Delivery date: Wednesday, June 21, 2006.

[Reference]
1. Calculation of sales price
Pricing date and price: Tuesday, June 13, 2006 / 3,650 yen
Underwriter discount rate: 2.00%
2. (i) Greenshoe option exercise period
Wednesday, June 21 to Friday, July 14, 2006.
(ii)Syndicate cover period
Friday, June 16 to Tuesday, July 11, 2006.

Cautionary Statement
This release was prepared for the purpose of public disclosure of material information only and in no way represents a solicitation to buy or sell securities referred to herein. All prospective investors are advised to read the Companyﾂ's prospectus for new share issuance (and its amendments, if any) issued separately, before making discretionary investment decisions.