Press Release

NSK Establishes a Compliance Committee

Tokyo, Japan, March 15, 2012 – NSK Ltd. (“NSK” Headquarters: Tokyo, Japan; President and CEO: Norio Otsuka) announced that it has established a Compliance Committee as of today, March 15, 2012.

The Compliance Committee has been set up as a permanent committee, comprising the company president as chairperson, the executive officer responsible for administrative divisions as vice-chairperson, and other executive officers in charge of other NSK divisions as committee members.

Up until now, NSK’s Compliance Division Headquarters had been responsible for all compliance-related matters of the NSK Group. However, in an effort to strengthen its compliance system, NSK has decided it is necessary to set up an internal framework at the upper level of management to promote various company-wide compliance measures under the direct guidance and supervision of the president and the executive officers in charge of the divisions. Accordingly, the Compliance Committee has been established for this purpose.

The Compliance Committee will formulate policies intended to strengthen the level of compliance within NSK. In order to effectively implement such policies, the Compliance Committee will decide on and promote measures designed to enhance compliance, and it will monitor and supervise the implementation of these measures and other compliance-related matters. The Compliance Committee will periodically report on the results of these activities to NSK’s Board of Directors. Furthermore, to ensure an objective standpoint, the Compliance Committee will solicit proposals and advice based on expert opinions whenever necessary by meeting with independent directors and external experts such as lawyers. The committee intends to reflect such proposals and advice in measures intended to further enhance the compliance system.

The Compliance Division Headquarters will continue to function as before, implementing measures to strengthen compliance such as compliance training programs for all employees. From here on, however, it will follow the policies set by the Compliance Committee.

Under the new compliance framework described above, NSK intends to step up its efforts on a company-wide basis to ensure that the business activities of the entire company adhere strictly to applicable laws and regulations, and that they are conducted based on its social responsibilities as a corporation.

This document is an English convenience translation of a document that was originally prepared in the Japanese language and is provided for convenience purposes only. NSK makes no representation or warranty that this document is a complete or accurate translation of the original Japanese text, and is not intended to be relied upon. In the event that there is a discrepancy between the Japanese and English versions, the Japanese version shall prevail. This document is not intended and should not be construed as an inducement to purchase or sell stock in NSK.