NEC : Files Registration Statement on Form 20-F with Securities and Exchange Commission in United States

Tokyo, March 18, 2020 - NEC Corporation (NEC; TSE : 6701) today announced that it filed with the Securities and Exchange Commission (the 'SEC') in the United States on March 17, 2020 (U.S. Eastern Standard Time) a registration statement on Form 20-F (the 'Form 20-F') for NEC's common stock in order to resolve the restrictions of a previously-issued SEC Order (as defined below).

After NEC became subject to an informal inquiry by the SEC concerning matters including its failure to file annual reports on Form 20-F with the SEC for the fiscal year ended March 31, 2006 and thereafter, in June 2008, NEC entered into a settlement agreement with the SEC, and, as part of the settlement, the SEC issued an order under Section 12(j) of the U.S. Securities Exchange Act of 1934 (the 'Exchange Act'). The SEC ordered that (a) NEC cease and desist from certain actions that the SEC found were in violation of the Exchange Act, and (b) the registration under the Exchange Act of its common stock and American depositary shares be revoked (the 'SEC Order'). As a result of the SEC Order, no broker or dealer, and no member of a U.S. securities exchange, may make use of the mail or any other means or instrumentality of interstate commerce in the United States to effect any transaction in, or to induce purchase or sale of, shares of common stock or American depositary shares of NEC.

In order to resolve the restrictions of the SEC Order described above, NEC has filed the Form 20-F. While the Form 20-F has not yet been declared effective, NEC expects that the restrictions of the SEC Order will be lifted once the Form 20-F becomes effective following review by the SEC.

NEC does not intend to seek any listing for its common stock in the form of shares or American Depositary Shares on a national securities exchange in the United States.

A copy of the Form 20-F can be viewed and obtained on the SEC's Electronic Data Gathering, Analysis, and Retrieval system (EDGAR) (www.sec.gov).