Ardepro : Notice Concerning Execution of the Partial Early Redemption of No. 3 Zero Coupon Convertible Bonds

ARDEPRO Co., Ltd. ( " the Company") announced that the Company has executed the partial early redemption (100 million yen) of No. 3 zero coupon convertible bonds ( " the CB") issued on December 29 , 2014.

1. Bonds for Early Redemption

   ARDEPRO Co., Ltd. No. 3 zero coupon convertible bonds ( " the CB")

2. . Early Redemption Date September 4, 2017

3. Principal Amount

   100 million yen

4. Price of Early Redemption

   100 yen per 100 ye n face value

5. . Reason for Early Redemption

   The CB has fallen under the provision of early redemption pursuant to the option of the bondholder stated in the issue requirement of the CB ( 15 . Condition and term of redemption of bonds ( 4 ) ① ):

   15. Condition and term of redemption of bonds (4 ) ①

   The bondholder may request the Company to redeem all or part of the bonds held by the bondholder at a price of 100 yen per 100 yen face value by making a request not less than 20 business days and not more than 30 business days in advance of any day set as the redemption date after December 30 , 2016 . If the closing price of ordinary transactions of the Company' s common stock on the Tokyo Stock Exchange falls below the conversion price on any tr ading day after November 15 , 2016.

6. Conversion Price

   174. 1 yen

7. Effect on the Company's Business

   There i s no impact on the Company's business results.

8. . Funds for Redemption

The CB wi l l be redeemed using the Company' s own capital.

Due to the early redemption of 100 million yen of the CB, 574, 382 dilutive securities (0 .21% of 277, 657 , 459 standard shares outstanding) have expired.

(Reference) Outline of the CB

1. ) Issue date: December 29 , 2014

2. ) Issue amount: 4 billion yen

3. ) Unredeemed amount as of August 2 , 2017 : 1 . 5 billion yen

4. ) Interest rate: 0 coupon

5. ) Original redemption date: December 29 , 2017