FOR IMMEDIATE RELEASE

May 11, 2018

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 11, 2018 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

1) Type of shares

Common Stock

2) Total number of shares to be repurchased

Up to 8.3 million shares

(3.28% of total shares outstanding)

3) Total amount to be paid for repurchase

Up to 8.0 billion yen

4) Period of share repurchase

May 14 ,2018 to March 29, 2019

5) Method of repurchase

Purchase on the stock market of TSE

(Reference)

Treasury stock holding as of March 31, 2018

Total number of shares outstanding

252,115,095 shares

(excluding treasury stock)

Number of shares of treasury stock

570,420 shares

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Disclaimer

Leopalace21 Corporation published this content on 11 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 May 2018 05:02:01 UTC