FOR IMMEDIATE RELEASE

May 15, 2017

Company Name: Leopalace21 Corporation

Representative: Eisei Miyama, President and CEO

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

Tel: +81-3-5350-0216

E-mail: ir@leopalace21.com

Notice Concerning Resolution Regarding Share Repurchase (Share repurchase under the provisions of the Article of Incorporation pursuant to Article 459, Paragraph 1 of the Companies Act of Japan)

Leopalace21 Corporation ("the Company") announces the following resolution at the meeting of Board of Directors on May 15, 2017 regarding the share repurchase under the provisions of the Article of Incorporation pursuant to Article 459, paragraph 1 of the Companies Act of Japan.

  1. Purpose of the share repurchase

    To enhance shareholder returns and implementing a flexible capital policy corresponds to the changes of the current business environment.

  2. Details of the share repurchase

  3. Type of shares Common Stock

  4. Total number of shares to be repurchased Up to 13 million shares

    (4.95% of total shares outstanding)

  5. Total amount to be paid for repurchase Up to 8.0 billion yen

  6. Period of share repurchase May 16 ,2017 to March 30, 2018

  7. Method of repurchase Purchase on the stock market of TSE

  8. (Reference)

    Treasury stock holding as of March 31, 2017 Total number of shares outstanding (excluding treasury stock)

    262,873,995 shares

    Number of shares of treasury stock 4,569,920 shares

    END

Leopalace21 Corporation published this content on 15 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 May 2017 05:12:14 UTC.

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