LEOPALACE21 : Matters to be Resolved at the Ordinary General Meeting of Shareholders

Microsoft Word - Matters to be Resolved at the Ordinary General Mee FOR IMMEDIATE RELEASE

May 13, 2016

Company Name: Leopalace21 Corporation

Representative: Eisei Miyama, President and CEO

Code Number: 8848 (Tokyo Stock Exchange, First Section) Contact: Bunya Miyao, Executive Officer

Tel: +81-3-5350-0216

E-mail: ir@leopalace21.com

Matters to be Resolved at the Ordinary General Meeting of Shareholders

Leopalace21 Corporation ("the Company") announces the following matters to be resolved at the 43rd Ordinary General Meeting of Shareholders scheduled on June 29, 2016.

Dividend of surplus

Dividend for FY ended March 31, 2016	Most recent dividend forecast (announced on November 6, 2015)	Dividend for FY ended March 31, 2015
Record date	March 31, 2016	March 31, 2016	March 31, 2015
Dividend per share	10.00 yen	10.00 yen	0.00 yen
Total amount of dividends	2,628 million yen	－	－
Effective date	June 30, 2016	－	－
Source of dividends	Retained earnings	－	－

Distribution of profit to shareholders is one of the most important management issues for the Company. Considering recent earning results announced today, the Company has decided to pay a term-end dividend of 10 yen per share, as announced in its most recent dividend forecast.

For the fiscal year ending March 31, 2017 and beyond, the Company will set a medium-term dividend payout ratio goal of 30% (in respect to consolidated net income) that is linked to earning results, in addition to maintaining a stable dividend.

Appointment of Directors and Auditors

1. Re-election and reappointment of Directors Mr. Eisei Miyama President and CEO

   Mr. Tadahiro Miyama Director, Senior Vice President

   Mr. Yuzuru Sekiya Director, Senior Executive Officer Mr. Hiroshi Takeda Director, Senior Executive Officer Mr. Kazuto Tajiri Director, Senior Executive Officer Mr. Yoshikazu Miike Director, Managing Executive Officer Mr. Hiroyuki Harada Director, Managing Executive Officer Mr. Tetsuji Taya Outside Director

   Ms. Yoshiko Sasao Outside Director

   *Mr. Taya and Ms. Sasao serves as an Outside Director and an Independent Officer

2. Newly election and appointment of Directors Mr. Bunya Miyao Executive Officer

   Former Vice Chairman of the Board of Directors of Aioi Nissay

   Mr. Masayuki Kodama

   Dowa Insurance Co., Ltd

   *Mr. Kodama will serve as an Outside Director and an Independent Officer

3. Re-election and reappointment of Auditor Mr. Masahiko Nakamura

   *Mr. Nakamura will serve as an Outside Auditor and an Independent Officer

   *The Auditors Board has given its consent to this agenda.

4. Newly election and appointment of Auditor Mr. Atsunori Nasu

*The Auditors Board has given its consent to this agenda.

END