Trend Micro Notice relating to Allocation of Stock Options 

(Stock Acquisition Rights)

Tokyo, Japan – May 20, 2003 - Trend Micro (TSE: 4704; Nasdaq: TMIC), a leader in network antivirus and Internet content security software and services , today resolved at a meeting of its Board of Directors the details of stock acquisition rights to be issued as stock options (the "Stock Acquisition Rights) pursuant to Article 280-20 and 280-21 of the Commercial Code of Japan and the resolution at the 14th ordinary general meeting of shareholders on March 26, 2003. 

1. Issue date of stock acquisition rights:

May 28, 2003

2. Number of stock acquisition rights to be issued:

5,000 (The number of shares to be issued upon exercise of each Stock Acquisition Right is 500)

3. Class of shares subject to the exercise of stock acquisition rights:

Common shares of the Company

4. Issue price of stock acquisition rights:


5. Amount to be paid upon exercise of stock acquisition rights (exercise price):

To be decided on May 28, 2003

6. Aggregated amount to be issued or transferred upon exercise stock acquisition rights:

To be decided on May 28, 2003

7. Amount to be accounted for as stated capital:

The amount to be accounted for as stated capital shall mean an amount obtained by multiplying the exercise price (to be decided on May 28, 2003) by 0.5, with any fraction amounts to be rounded up to a full yen.

8. Individuals who will be allotted the stock acquisition rights:

The directors and employees of the Company and its affiliates, totally 1,289 persons 


About Trend Micro:

Trend Micro Incorporated (TSE: 4704), a global cloud security leader, creates a world safe for exchanging digital information with its Internet content security and threat management solutions for businesses and consumers. A pioneer in server security with over 20 years' experience, we deliver top-ranked client, server and cloud-based security that fits our customers' and partners' needs, stops new threats faster, and protects data in physical, virtualized and cloud environments. Powered by the Trend Micro™ Smart Protection Network™ cloud security infrastructure, our industry-leading cloud-computing security technology, products and services stop threats where they emerge, on the Internet, and are supported by 1,000+ threat intelligence experts around the globe.

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