Company Name : Anritsu Corporation

President and

Representative Director: Hiromichi Toda

Code Number : 6754

(Tokyo Stock Exchange, First Section)

Media Contact : Hirokazu Hashimoto

Director, Senior Manager of
Accounting and Control Dept.

(Phone: +81-46-296-6507)

1.

Issue date of stock acquisition rights

July 27, 2005

2.

Total number of stock acquisition rights to be issued

204
(1,000 shares per one stock acquisition right)

3.

Issuance price of stock acquisition rights

Issued without consideration

4.

Class and total number of shares to be issued upon experience of stock acquisition rights

204,000 shares of common stock

5.

Amount to be paid upon the exercise of each stock acquisition right ("Exercise Price")

700,000yen (700 yen per share)

6.

Total paid-in value of the shares of the common stock of the Company to be issued or transferred upon exercise of all the stock acquisition rights

142,800,000 Yen

7.

Exercise period of stock acquisition rights

From July 1, 2007 to June 30, 2010

8.

Amount that is transferred into paid-in capital from the issue price of shares, in case new shares of common stock of the Company are issued upon exercise of stock acquisition rights

350 yen per share

9.

The number of employees receiving stock acquisition rights

For Reference

(1)

The date of the meeting of the Board of
Directors setting the date for the 79th Ordinary
General Meeting of Shareholders

April 27, 2005

(2)

Date of the resolution of the 79th Ordinary
General Meeting of Shareholders

June 23, 2005