Date: 2013-08-01

Minebea released Issuance of Stock Options (Stock Acquisition Rights) for Directors Compensation

Minebea Co., Ltd. (hereafter the "Company" or "Minebea") today announced that the Board of Directors of the Company held on June 27, 2013 has resolved to issue stock options for Directors (excluding outside directors) Compensation, in accordance with Articles 236, 238 and 240 of the Companies Act. The details of the resolution are described below.

I. The reason for issuing stock options for Directors Compensation

In line with the review of the director's remuneration system, the Company decided a partial revision of the system of remuneration (issuing stock options for Directors Compensation), for the purpose of making the link between the Company's business performance and stock value clearer in the director's remuneration system, giving them greater motivation to make contributions to improve business performance and increase enterprise value in the medium and long run, and facilitating their sense of sharing value with shareholders.

II. Terms and conditions of stock acquisition rights (stock options) issued for Directors Compensation

1. Name of stock acquisition rights
2nd Stock Acquisition Rights Issued by Minebea Co., Ltd. in 2013.

2. Qualification and total number of allottees of stock acquisition rights and total number of stock acquisition rights to be allotted
Directors (excluding outside directors): 7 people, 420 rights
The above number is the total number of stock acquisition rights that are expected to be allotted. In the event that such total number decreases if any allottee does not subscribe or otherwise, the total number of stock acquisition rights to be issued shall be equal to the total number of the stock acquisition rights that are actually allotted.

3. Class and number of shares to be issued upon exercise of stock acquisition rights
The class of shares to be issued upon exercise of stock acquisition rights will be common shares of the Company. The number of shares to be issued upon exercise of each of the 420 stock acquisition rights will be 100 shares (hereafter the "Number of Allotted Shares"). Thus the total number of shares to be issued upon exercise of stock acquisition rights will be 42,000.
In case the Company conducts a share split or a consolidation of shares, after the date of the allocation of stock acquisition rights (hereafter the "Day of Allotment"), the Number of Allotted Shares will be adjusted according to the formula below.
Number of Allotted Shares after adjustment = Number of Allotted Shares before adjustment

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