Trend Micro Announces Resolution of Repurchase of the Company's Common Stock

Pursuant to Commercial Code Article 210 relating to Acquisition of Treasury Stocks

This is to give notice that, pursuant to the resolution passed at the meeting of the Board of Directors of Trend Micro Incorporated (the "Company") held on February 21, 2002, the "matter relating to the repurchase of the Company's common stock" in accordance with Article 210 of the Commercial Code was presented to the Ordinary General Meeting of Shareholders which was held on March 26, 2002, and was approved. The key terms of the matter approved are set forth below.

Between the end of the Ordinary General Meeting of Shareholders and today, the Company has not repurchased any shares of its common stock. Prior to any actual repurchase of such common stock, the Company's Board of Directors will resolve on such key terms as the number of shares to be repurchased and the aggregate repurchase price, and such terms will be publicly announced.

1.Purpose of repurchase:

To allow the Company to implement flexible management of capital 

2. Details of repurchase

(a) Type of shares to be repurchased: Common Stock of the Company

(b) Total number of shares to be repurchased: maximum of 5,000,000 shares (3.78% of total outstanding shares)

(c) Total repurchase cost: maximum of ¥5,700,000,000