FOR IMMEDIATE RELEASE November 29, 2006 ADVANTEST CORPORATION (Toshio Maruyama, President and CEO) (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)3-3214-7500 Advantest Issues Stock Option (Stock Acquisition Rights) to Employees Tokyo -November 29, 2006 - 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 Articles 236, 238 and 239 of the Company Law and a shareholders resolution at the 64th annual general meeting of shareholders under the terms set forth below. 1. Date of allocation December 1, 2006 2. Number of stock acquisition rights allocated 40 3. Issuance price No consideration. 4. Class and total number of shares underlying the stock 8,000 shares of common stock of Advantest Corporation (each stock acquisition rights acquisition right shall be exercisable for 200 shares) 5. Total subscription price to be paid upon exercise of To be determined as of December 1, 2006 each stock acquisition right 6. The total value of all shares (newly issued shares or To be determined as of December 1, 2006 treasury shares) issued or delivered upon the exercise of stock acquisition rights 7. Exercise period of the stock acquisition rights Between April 1, 2007 and March 31, 2011 8. Matters concerning the amount of capital and the (a) The amount of capital increased by the issue of the additional paid-in capital increased by the shares upon exercise of the stock acquisition rights shall be the issuance of the shares upon exercise of the stock amount equal to one-half of the maximum limit of capital increase, as acquisition rights calculated in accordance with Article 40, Paragraph 1 of the Company Accounting Regulation (kaisha keisan kisoku), and any fraction less than one (1) yen arising as a result of such calculation shall be rounded up to the nearest one (1) yen (to be determined as of December 1, 2006). (b) The amount of additional paid-in capital increased by the issue of the shares upon exercise of the stock acquisition rights shall be the amount obtained by subtracting the capital to be increased, as provided in the sub-paragraph (a) above, from the maximum limit of capital increase, as also provided in the sub-paragraph (a) above. 1 9. The number of employees receiving stock acquisition Employees of the Company's overseas subsidiaries, totaling 3 rights For Reference (1) The date of the meeting of the Board of Directors May 26, 2006 setting the date for the annual general meeting of shareholders (2) Date of the resolution made pursuant to the annual June 27, 2006 general meeting of shareholders 2