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Lawson Repurchases Treasury Stock on Open Market

2004/03/31
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 March 1, 2004 to March 19, 2004

2. Total Number of Shares Repurchased 499,600 shares

3. Total Value of Shares Repurchased¥1,963,365,000

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 March 19, 2004
• Total number of shares repurchased: 2,188,100 shares
• Total value of shares repurchased: ¥8,247,067,000

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