FOR IMMEDIATE RELEASE June 25, 2004 ADVANTEST CORPORATION (Toshio Maruyama, President and COO) (Stock Code Number: 6857, TSE first section) (Ticker Symbol: ATE, NYSE) CONTACT: Yuri Morita (Managing Executive Officer and Senior Vice President, Corporate Affairs Group) Phone: +81-(0)3-3342-7500 Advantest Issues Stock Option (Stock Acquisition Rights) Tokyo -June 25, 2004 - Advantest Corporation (the "Company") resolved at a meeting of its Board of Directors today to issue stock options in the form of stock acquisition rights pursuant to Article 280 Paragraphs 20 and 21 of the Commercial Code and a shareholders resolution at the 62nd annual general meeting of shareholders under the terms set forth below. 1. Date of issuance July 1, 2004 (scheduled) 2. Number of stock acquisition rights issued 7,610 3. Issuance price No consideration shall be paid. 4. Class and total number of shares underlying the stock 761,000 shares of common stock of Advantest Corporation acquisition rights (each stock acquisition right shall be exercisable for 100 shares) 5. Total subscription price to be paid upon exercise of To be determined as of July 1, 2004 each stock acquisition right 6. The total value of all shares (newly issued shares or To be determined as of July 1, 2004 treasury shares) issued or delivered upon the exercise of stock acquisition rights 7. Exercise period of the stock acquisition rights Between April 1, 2005 and March 31, 2009 8. The amount of the issuance price of the newly issued The issuance price per share determined as of July 1, shares issued pursuant to the exercise of stock 2004 multiplied by 0.5; any fraction of Yen shall be acquisition rights that will be incorporated into rounded up capital 9. The number of employees receiving stock acquisition Directors, corporate auditors, executive officers and rights employees of the Company and its domestic and overseas subsidiaries, totaling 205 1 For Reference (1) The date of the meeting of the Board of Directors May 28, 2004 setting the date for the annual general meeting of shareholders (2) Date of the resolution made pursuant to the annual June 25, 2004 general meeting of shareholders 2