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Lawson Repurchases Treasury Stock on Open Market

2004/02/23
Lawson, Inc. wishes to serve notice that it has repurchased treasury stock on the open market under Article 210 of the Japanese Commercial Code. Details are as follows.

1.Period of Repurchase
From February 4, 2004 to February 19, 2004

2.Total Number of Shares Repurchased
400,000 shares

3.Total Value of Shares Repurchased
¥1,495,706,000

4.Method of Repurchase
Open market purchase on the Tokyo Stock Exchange

Reference 1: Authorization for the repurchase of shares was given at the Ordinary General Meeting of Shareholders held on May 27, 2003.

Type of shares to be repurchased: Lawson common stock
Total number of shares authorized for repurchase: Up to 10 million shares
Total value of shares authorized for repurchase: Up to ¥38 billion

Reference 2: Treasury stock repurchased through February 19, 2004

Total number of shares repurchased: 1,688,500 shares
Total value of shares repurchased: ¥6,283,702,000

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