2013

NTN Corporation (hereafter, NTN) was the target of a search conducted by the Japan Fair Trade Commission on July 26, 2011, on the grounds of violation of the Japan Antimonopoly Act related to the sale of bearings. NTN provided its full cooperation with this search, however, on March 8, 2013, received advanced written notices for a cease and desist order and payment order for surcharge from the Commission on the grounds that it had found that NTN had violated of Article 3 of the Japan Antimonopoly Act (prohibited unreasonable restraint of trade).

NTN has taken the receipt of these advance written notices from the Japan Fair Trade Commission seriously and with the greatest of concern, and will carefully assess and check the content of these notices and cautiously consider the most appropriate response to be taken.

NTN has been committed to complying with both the letter and the spirit of laws and regulations, however apologies to shareholders, customers and all relevant personnel for the great deal of concern caused by this matter.

The impact that this will have on business performance will be disclosed as soon as further information becomes available.