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Notice of Reorganization of Subsidiaries

Nippon Television Network Corporation
(Tokyo Stock Exchange 9404)

As per our announcements on November 16, 2006 regarding the reorganization of our subsidiaries, the following outlines the corporate division, exchange of shares and change of business names which are operational and in effect as of today.

1.Summary of new companies

Post-corporate division
businesses
Comprehensive
production business
company
Technology
company
Production
company
Events
company
Arts
company
Former
company
NTV Eizo Cente (new) NTV Video NTV Enterprises NIPPON
TELEVISION ART
New Name NTV Group Holdings
Inc.
(abbr: NTV Group HD)
NTV Technical
Resources Inc.
(abbr: NiTRo)
AX-ON Inc.
(abbr: AX-ON)
NTV EVENTS Inc. No name change
NIPPON
TELEVISION
ART Inc.
Representative
director
Chairman
Mr. Kohei Manabe
President
Mr. Shinji Tokuichi
President
Mitsuyoshi Azuma
President
Kazuyuki Sakurada
Chairman
Mitsuoki Umino
President
Takashi Shindo
Chairman
Kouyu Haba
President
Masahiro Kimura
Capital 130 million yen 10 million yen
(60 million yen after
capital increase)
60 million yen 50 million yen 100 million yen
Shareholders NTV 100% NTV Group Holdings Inc. 100%
Address NTV Kojimachi South Bldg, 14 Niban-cho, Chiyoda-ku, Tokyo
South Bldg. 5th floor South Bldg. 4th floor South Bldg. 6th floor South Bldg. 9th floor South Bldg. 7th floor
Direct hire
employees
(as of April 1,
2007)
*excludes
outside
employees
accepted on
external
assignment
Employees 17
Contract employees 1
Total 18
Employees 171
Contract employees 374
Total 545
Employees 176
Contract employees 469
Total 645
Employees 18
Contract employees 46
Total 64
Employees 64
Contract employees 83
Total 147

2.Business operations of new companies
(1)NTV Technical Resources Inc.
studio technology, live broadcasting technology, broadcasting technology, EJ news gathering, editing/post production
(2)AX-ON Inc.
overall program production (drama, variety, sports, information, news, etc.)
content production, closed caption production, library
(3)NTV EVENTS Inc.
various events, sporting events, management of NTV Entertainment School
(4)NIPPON TELEVISION ART Inc.
studio props, lighting, sound, graphic design
(5)NTV Group Holdings Inc. (business operations and role)

i)The following are governance, monitoring and compliance functions of the 4 new
companies, including NTV Technical Resources Inc. (hereafter referred to as the 4 production companies).
・ Governance function to ensure a smooth program production in an organized and efficient manner
・ Function of comprehensively managing the entire production system
・ Function of monitoring the progress of the 4 production companies and our company working together toward fulfilling Group strategies
ii)Aggregate management and shared service function
・ Management of 4 companies will include settlement of accounts, payroll accounting, health management, etc.
・ In the future, shared service with other subsidiaries will be considered.

3.Future effects on business results
As subsidiaries were reorganized according to their function, future effects from this reorganization on consolidated/unconsolidated business results are expected to be minor.

4.Contact information for new companies:

NTV Technical Resources Inc.
NTV Kojimachi South Bldg, 4th floor, 14 Niban-cho, Chiyoda-ku, Tokyo
Corporate Administration Contact: Sato Tel: 03-5275-1115

NTV AX-ON Inc
NTV Kojimachi South Bldg, 6th floor, 14 Niban-cho, Chiyoda-ku, Tokyo
Corporate Administration Contact: Yoshida Tel: 03-3222-3150

NTV EVENTS
NTV Kojimachi South Bldg, 9th floor, 14 Niban-cho, Chiyoda-ku, Tokyo
Corporate Planning Contact: Terada & Hara Tel: 03-3222-2900

NIPPON TELEVISION ART Inc
NTV Kojimachi South Bldg, 7th floor, 14 Niban-cho, Chiyoda-ku, Tokyo

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