LEOPALACE21 : Notice Concerning Status and Conclusion of Share Repurchase

September 4, 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

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

The Company also announces that the current purchases conclude the share repurchase resolved at the meeting of Board of Directors on May 15, 2017.

1. Type of shares Common Stock

2. Number of shares repurchased 3,845,800 shares

3. Total value of shares repurchased 3,088,559,300 yen

4. Period of share repurchase August 1, 2017 to August 31, 2017

(Reference)

1. Details of the share repurchase resolved at the Board of Directors meeting held on May 15, 2017

2. Type of shares Common Stock

3. Shares to be repurchased Up to 13 million shares

   (4.95% of total shares outstanding)

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

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

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

7. Total number of shares repurchased based on the above resolution of the Board of Directors (as of August 31, 2017)

8. Number of shares repurchased 10,761,400 shares

9. Total value of shares repurchased 7,999,939,900 yen

10. END