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November 19, 2010
Culture Convenience Club Co., Ltd.
Sharp Corporation

Culture Convenience Club and Sharp to Enter into Definitive Agreement regarding Establishment of Joint Venture for E-Entertainment Content Service Business

Culture Convenience Club Co., Ltd. (hereinafter “CCC”) and Sharp Corporation (hereinafter “Sharp”) announced today that they have signed an agreement to establish a joint venture company for an e-entertainment content service business. The joint venture company will manage content service offering newspaper, magazine, video and audio content, for Sharp’s “GALAPAGOS” tablet terminal and Sharp smart phones*1.

1. Joint Venture Company Overview

Company Name TSUTAYA GALAPAGOS Co., Ltd.
Location Shibuya-ku, Tokyo, Japan
Representative Rie Nakamura, Representative Director, President
Principal Business Management of “TSUTAYA GALAPAGOS”
Delivery and sales of e-content, Advertisement service
Capital 100 million yen
Establishment Date December 1, 2010
End of Fiscal Year March
Net Assets 200 million yen
Total Assets 200 million yen
Shareholding Ratio CCC: 51%, Sharp: 49%

2. Schedule

November 19, 2010 Signature of agreement for the establishment of the joint venture
December 1, 2010 Establishment of the joint venture company
December 2010 (plan) Start of e-entertainment content service business including newspaper and magazine content
*1 Sharp’s smart phone supporting this service is planned to be released in the spring of 2011.

The following information is true and accurate at the time of publication. Manufacture, sale, price and specifications of products may be subject to change.

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