Tokyo Electron Limited recently repurchased and granted stock options resolved to be implemented at FY38 Annual Shareholders' Meeting on June 27, 2001 as follows.

1.	Grant date:	August 2, 2001
2.	Exercise price:	8,840 yen per share The amount of the final price of one share under an ordinary trade of shares on the Tokyo Stock Exchange on the day preceding the grant of the right (August 1, 2001) (7,600 yen/share) multiplied by 1.05 (7,980 yen/share), was lower than the final price (8,840 yen/share) of the day preceding the day on which a meeting of the board of directors was held, which resolved to submit the agenda regarding implementation of stock option to the annual shareholders' meeting. The price of shares to be transferred is higher than the average acquisition price of the shares (7,260 yen/share).
3.	Exercise period:	July 1, 2003 to June 30, 2009
4.	Eligible persons:	Corporate Directors and specific executives (Corporate Senior Staff) in accordance with Article 210-2 of the Commercial Code

Reference:
Number of shares repurchased:		215,600 shares
Period of repurchase:		From June 28, 2001 to July 2, 2001

* Information regarding persons granted options and numbers of options granted to them was disclosed on May 18, 2001.

* Information regarding the stock repurchase was disclosed on July 6, 2001.