With respect to Euro Yen Convertible Bonds Due 2017 issued on March 16, 2012 (hereinafter referred to as the “Convertible Bonds), we hereby announce that the requirements of the 130% call option provision under Article 7.2.1 of the Terms and Conditions of the Convertible Bonds were fulfilled as of today, January 5, 2015, and our Company is now entitled to early redemption of all Convertible Bonds outstanding at a price equal to 100% of the face value on or after March 16, 2015.

　　In the event that our Company decides to exercise its right according to the provision, we will notify the bond holders of the matters necessary for such redemption within 30 days from the date on which the right accrued and during a period of more than 30 days and less than 60 days prior to such redemption date. However, it has not yet been determined whether our Company will exercise the right or not at this time.

　　This right accrues when the closing price of ordinary transactions of our Company’s common shares (not including any indicative price) on the Tokyo Stock Exchange equals or exceeds 130% of the conversion price applied on the trading date for 30 consecutive trading days, and therefore, it is possible that such right will continue to accrue after January 6, 2015 as well.

[Reference]
Outline of Euro Yen Convertible Bonds Due 2017
Issue Date 　　　　　　　　　　　　　　　　 　　 　March 16, 2012 (London Time)
Due Date for Redemption　　　　　　　　　　　March 16, 2017 (London Time)
Total Amount of Issue 　　　　　　　　　　　　15,000,000,000 Yen
Balance as of December 31, 2014　　　　　 14,990,000,000 Yen


Contact:
Corporate Communication Group
YASKAWA Electric Corporation
E-mail: web_mstr@yaskawa.co.jp