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

ARDEPRO Co., Ltd. (" the Company") announced that it had received a request for partial early redemption of the No. 3 zero coupon convertible bonds issued on December 29 , 2014 , as follows.

1. . Bonds for Early Redemption

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

2. . Early Redemption Date September 1 , 2017

3. . Principal Amount 100 million yen

4. Price of Early Redemption

   100 yen per 100 yen 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 trading day after November 15 , 2016 .

6. . Conversion Price

   174.1 yen

7. . Effect on the Company's Business

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

8. . Funds for Redemption

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

(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