FamilyMart UNY : Announcement in Relation to Commencement of Joint Tender Offer Bid for Share Certificates of Pocket Card Co., Ltd. (Code No. 8519) by a Wholly Owned Subsidiary of FamilyMart(PDF/497KB)

This document is an English translation

of a statement written initially in Japanese. The Japanese original should be considered as the primary version.

September 29, 2017

FamilyMart UNY Holdings Co., Ltd.

(Code No. 8028, Tokyo Stock Exchange and Nagoya Stock Exchange, 1st Section) Representative Director and President: Koji Takayanagi

As announced in the press release, "Announcement in Relation to Commencement of Joint Tender Offer Bid for Share Certificates of Pocket Card Co., Ltd. (Code No. 8519) by a Wholly Owned Subsidiary of FamilyMart" dated August 3, 2017, and "Announcement in Relation to Determination of Tender Offeror in Joint Tender Offer Bid for Share Certificates of Pocket Card Co., Ltd. (Code No. 8519) by a Wholly Owned Subsidiary of FamilyMart," dated today, FamilyMart Co., Ltd. (Head office: Toshima-ku, Tokyo; President

& Chief Executive Officer: Takashi Sawada,; hereinafter referred to as "FamilyMart"), a wholly owned subsidiary of FamilyMart UNY Holdings Co., Ltd. (hereinafter referred to as "FamilyMart UNY Holdings"), has determined that BSS Co., Ltd. (Head Office: Toshima-ku, Tokyo; President & Chief Executive Officer: Hiroaki Tamamaki; hereinafter referred to as "BSS"), a wholly owned subsidiary of FamilyMart, and GIT Corporation (Head office: Minato-ku, Tokyo; Representative Director and President: Kazuhiro Nakano; hereinafter referred to as "GIT"), a wholly owned subsidiary of ITOCHU Corporation (Code No. 8001, Tokyo Stock Exchange, 1st Section; hereinafter referred to as "ITOCHU"), which is the largest shareholder of FamilyMart UNY Holdings, will jointly acquire common shares of Pocket Card Co., Ltd. (Code No. 8519, Tokyo Stock Exchange, 1st Section) through a tender offer (hereinafter referred to as "Tender Offer") as stipulated in the Financial Instruments and Exchange Act (Act No.25 of 1948; including revisions thereafter).

FamilyMart, BSS, ITOCHU and GIT have confirmed that the prerequisites for the implementation of the Tender Offer have been met, including the completion of necessary procedures and handling in accordance with competition laws in Japan and any foreign country overseas. BSS, a wholly owned subsidiary of FamilyMart, has determined to implement the Tender Offer jointly with GIT on October 2, 2017 the date of commencement. For further details, see the attachment.

1. Outline of FamilyMart Co., Ltd.

   (1)Name	FamilyMart Co., Ltd.
   (2)Location	3-1-1, Higashi-Ikebukuro, Toshima-ku, Tokyo
   (3)Title and Name of Representative	Takashi Sawada, President & Chief Executive Officer
   (4)Business Lines	Convenience store business
   (5)Capital	¥8,380 million (as of September 29, 2017)

2. Outline of BSS Co., Ltd.

   (1)Name	BSS Co., Ltd.
   (2)Location	3-1-1, Higashi-Ikebukuro, Toshima-ku, Tokyo
   (3)Title and Name of Representative	Hiroaki Tamamaki, President & Chief Executive Officer
   (4)Business Lines	Acquisition of ownership of share certificates of Pocket Card Co., Ltd. etc.
   (5)Capital	¥10 million (as of September 29, 2017)

3. Future outlook

The effect of the Tender Offer on the business results of FamilyMart UNY Holdings for the fiscal year ending February 2018 is expectd to be insiginificant.

This statement is a disclosure by FamilyMart UNY Holdings in accordance with the Securities Listing Regulations, and also a release in accordance with Article30-1-4 of the Order for Enforcement of the Financial Instruments and Exchange Act, based on the request of BSS (Tender Offeror) to FamilyMart and FamilyMart UNY Holdings.

(Attachment)

Disclosed statement by ITOCHU, GIT, FamilyMart and BSS

"Announcement in Relation to Commencement of Joint Tender Offer Bid for Share Certificates of Pocket Card Co., Ltd. (Code No. 8519)"

September 29, 2017

ITOCHU Corporation

(Code No. 8001, Tokyo Stock Exchange, 1st Section) Representative Director and President: Masahiro Okafuji

GIT Corporation

President and Representative Director: Kazuhiro Nakano

FamilyMart Co., Ltd.

President and Chief Executive Officer: Takashi Sawada

BSS Co., Ltd.

President and Representative Director: Hiroaki Tamamaki

As announced in the press release "Announcement in Relation to Commencement of Joint Tender Offer Bid for Share Certificates of Pocket Card Co., Ltd. (Code No. 8519)" dated August 3, 2017 (hereinafter referred to as the "Tender Offerors' Press Release"), ITOCHU Corporation (hereinafter referred to as "ITOCHU"), GIT Corporation (hereinafter referred to as "GIT"), ITOCHU's wholly owned subsidiary, and FamilyMart Co., Ltd. (hereinafter referred to as "FamilyMart") decided that GIT and a wholly owned subsidiary of FamilyMart would jointly obtain the common shares (hereinafter referred to as the "Target Company's shares") of Pocket Card Co., Ltd. (hereinafter referred to as the "Target Company") by way of a tender offer bid (hereinafter referred to as the "Tender Offer") if conditions such as the fact that the required procedures have been completed and the necessary steps have been taken based on the competition laws of Japan and any foreign country concerned have been satisfied.

FamilyMart has decided that BSS Co., Ltd. (hereinafter referred to as "BSS"), a wholly owned subsidiary of FamilyMart, (GIT and BSS will be collectively referred to as the "Tender Offerors") will implement the Tender Offer jointly with GIT, and the prerequisites for the implementation required for the Tender Offerors to commence the Tender Offer have been met, including the completion of necessary procedures and handling in accordance competition laws in Japan and any foreign country overseas, ITOCHU, FamilyMart, and the Tender Offerors therefore announced today that they have decided to commence the Tender Offer on October 2, 2017 as detailed below.

1. Objectives of the Tender Offer

(1) Outline

GIT is a joint-stock company of which all issued shares are owned by ITOCHU. As of today, ITOCHU owns 21,130,000 shares of the Target Company (Ownership Ratio (Note 1): 27.00%) listed on the First Section of the Tokyo Stock Exchange (hereinafter referred to as the "TSE 1st Section"), and the Target Company is ITOCHU's equity method affiliate. BSS is a joint-stock company of which, as of today, all issued shares are owned by FamilyMart. FamilyMart, a wholly owned subsidiary of ITOCHU's equity method affiliate FamilyMart UNY Holdings Co., Ltd. (hereinafter referred to as "FamilyMart UNY Holdings"), owns 11,739,000 shares of the Target Company (Ownership Ratio: 15.00%) and the Target Company is its equity method affiliate.

See the diagram below for the capital relationships of the parties (Ownership Ratio of each company).

ITOCHU

37.17% FamilyMart UNY

Holdings

27.00% 100.00%

FamilyMart

15.00%

100.00% 100.00%

GIT

BSS

As GIT and ITOCHU, the parent company of GIT (hereinafter referred collectively as "ITOCHU, etc."), and FamilyMart announced in the Tender Offerors' Press Release, ITOCHU and FamilyMart signed a shareholder agreement dated August 3, 2017 (hereinafter referred to as the "Shareholder Agreement") with Sumitomo Mitsui Banking Corporation (hereinafter referred to as "SMBC," which currently owns 27,788,000 shares of the Target Company with an Ownership Ratio of 35.51%). Based on the Shareholder Agreement, ITOCHU, etc., FamilyMart, and BSS (FamilyMart and BSS will be hereinafter collectively referred to as "FamilyMart, etc.") acquire all shares of the Target Company, excluding those owned by ITOCHU and FamilyMart, those owned by SMBC (hereinafter referred to as the "Non-target Shares"), and treasury stocks owned by the Target Company, (hereinafter referred to as the "Tender Offer Target Shares"), thereby limiting the Target Company's shareholders to all or a subset (Note 2) of the five companies, including ITOCHU, etc., FamilyMart, etc., and SMBC, and delist the Target Company (hereinafter, the shareholders of the Target Company followed by the delisting shall be collectively referred to as the "Major Shareholders"). Subsequently, as part of the series of transactions to make the Ownership Ratios of the voting rights of ITOCHU, etc., FamilyMart, etc. and SMBC 46%, 34%,