Miyagi Oki Electric Restarts its Operation after Earthquake Hits Japan

Tokyo, Japan, August 19, 2005 -- Oki Electric Industry Co., Ltd. (TSE: 6703) today announced that as a result of a strong earthquake hitting the Tohoku (northeastern) region of Japan on August 16, Miyagi Oki Electric Co, Ltd, a semiconductor manufacturing subsidiary, suspended production operations at its front-end semiconductor fabrication facility to check for any damage of manufacturing equipment. Since August 17, Miyagi Oki has been partially restarting operation with equipment in which proper operation has been confirmed, and today returned to full operation.

Immediately after reports of the earthquake, Oki established a task force led by Hironori Kitabayashi, Senior Executive Officer of Oki Electric, to assess the damage to the plant, and to coordinate repairs and other actions necessary to restore operations as quickly as possible. The task force initiated actions including debris removal, inspection, and repair activities. There were no injuries to employees or their families.

"Because of our quick action to restart operation, no customers were affected. We would like to thank all of our customers and other related parties for their concern and support," said Kitabayashi.

About Oki Electric Industry Co., Ltd.

Founded in 1881, Oki Electric Industry Co., Ltd. is Japan's first telecommunications manufacturer, with its headquarters in Tokyo, Japan. With the corporate vision, "Oki, Network Solutions for a Global Society," Oki provides top-quality products, technologies and solutions to its customers through its info-telecom system business, semiconductor business and printer business. All three businesses functions as a collective force to create exciting new products and technologies that satisfy a spectrum of customer needs in various markets. Visit Oki's global web site at http://www.oki.com/.

Notes:

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Contact for Oki Electric:

For Europe and Americas: Public Relations Division: Phone: +1-408-737-6479

For Asia and Other Areas: Public Relations Division: Phone: +81-3-3580-8950

Information in the press releases is current on the date of the press announcement, but is subject to change without prior notice.