To whom it may concern:
January 10, 2012
NPC Incorporated
1-1-20 Minami-senju, Arakawa-ku
Tokyo 116-0003, Japan

Announcement on Merger of Consolidated Subsidiaries

We hereby announce that the merger of the two consolidated subsidiaries of NPC Incorporated, hereinafter referred to as "the Company", NPC Europe GmbH (German subsidiary) and Meier Solar Solutions GmbH (German subsidiary), hereinafter referred to as "NEG" and "Meier" respectively, was resolved at the board meeting on January 10, 2012.
Description
1. Objective of the merger
NEG provides sales and customer support for photovoltaic manufacturing equipment mainly to European customers. Meier holds factories in Germany and provides R&D, designing, manufacturing, sales and customer support for the photovoltaic manufacturing equipment. The Company aims to reinforce the management base by effectively utilizing and streamlining management resources by the merger.
2. Outline of the merger
(1) Merger schedule
January 10, 2012 Board resolution
Mid March, 2012 Execution of the merger agreement
Mid May, 2012 Effective date of the merger
(2) Method of the merger
The merger is expected to be an absorption-type merger transaction by which NEG will be dissolved and absorbed into Meier.
(3) Details of allotment related to the merger
Since both of the merging companies are wholly owned subsidiaries of the Company, no money or other provisions will be issued in connection with the merger.
(4) Changes to stock acquisition rights and bonds with stock acquisition rights of NEG There is no relevant item.
3. Overview of merging companies

4. Description after the merger

Company name

NPC-Meier Europe GmbH (Tentative name)

Headquarters location

Cologne, Germany

Representative

Junichi Akita

Florian von Gropper

Petra Meurer

Main business

R&D, designing, manufacturing, sale and marketing, customer support

for the photovoltaic manufacturing equipment

Fiscal year-end

July 31

Shareholder composition

NPC Incorporated: 100%

5. Expected impact on financial results
This merger is not expected to have a material impact on consolidated business results of the
Company.

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