Trend Micro Announces Pricing of Global Public Offering of Shares

Tokyo, Japan, July 7, 1999 -- Trend Micro Incorporated ("Trend Micro") (Nasdaq National Market: "TMIC") announced today the global offering of 4.25 million of its shares of common stock by SOFTBANK America Inc. in the form of shares of American Depositary Shares at a price of $15.41 per American Depositary Share and ¥18,816 per share. The ADSs have been approved for quotation on The Nasdaq National Market. 

Nomura International plc and Nomura Securities International, Inc. are the global coordinators of the offering and Nomura Securities International, Inc. and Merrill Lynch & Co. are the joint bookrunners in the United States. U.S. prospectuses may be obtained from Nomura Securities International, Inc. at 2 World Financial Center, Building B, New York, New York, 10281-1198, or from Merrill Lynch at World Financial Center, North Tower, 250 Vesey Street, New York, New York 10281.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be lawful prior to registration or qualification under the securities laws of such State.