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SOFTBANK announces the sale of its shares held in Advanced Media, Inc.

Jul. 15, 2005

SOFTBANK CORP. announces that SOFTBANK BB CORP. (our wholly-owned subsidiary, head office: Minato-ku, Tokyo, representative: Masayoshi Son) sold its all shares held in Advanced Media, Inc.

1. Outline of sale

(1) Shares for sale	2,700 shares held in Advanced Media, Inc.
(2) Sale price	Approximately 2.8 billion yen

2. Effect on consolidated financial results

Gain on sale of investment securities would be recognized approximately 2.8 billion yen on a consolidated basis in the 2nd quarter for the fiscal year ending March 31, 2006.