July 18, 2017

Company: LINE Corporation Representative: Takeshi Idezawa, CEO

Stock Code: 3938 (First Section of the Tokyo Stock Exchange)

Notice Regarding the Completion of Payment for the Issuance of New Shares through Third-Party Allotment in Accordance with the Introduction of the Employee Stock Ownership Plan

LINE Corporation (Headquarters: Shinjuku-ku, Tokyo, Japan; President & CEO: Takeshi Idezawa; the "Company") announces that it has completed payment procedures as follows for the issuance of new shares through third party allotment, as previously announced in the "Notice Regarding the Offering of Shares to Be Issued through Third-Party Allotment in Accordance with the Introduction of the Employee Stock Ownership Plan" dated June 26, 2017.

  1. Overview of the third party allotment capital increase

    (1)

    Type and number of shares to be

    issued

    1,007,810 shares of common stock

    (2)

    Issue price

    3,969 yen per share

    (3)

    Total issue price

    3,999,997,890 yen

    (4)

    Amount of stated capital to be increased

    1,999,998,945 yen

    (5)

    Amount of capital reserve to be increased

    1,999,998,945 yen

    (6)

    Payment date

    Tuesday, July 18, 2017

    (7)

    Method of offering or allotment

    Third-party allotment

    (8)

    Prospective allottee

    Trust & Custody Services Bank, Ltd. (Trust E)

  2. Change in number of issued shares and increase in capital through this third party allotment

Total number of issued

shares

Capital

Prior to this third party allotment (May

31, 2017)

219,309,500 shares

79,819,699,974 yen

Increase through this third-party

allotment

1,007,810 shares

1,999,998,945 yen

After this third party allotment (July 18,

2017)

220,317,310 shares

81,820,202,824 yen

-1-

LINE Corporation published this content on 18 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 July 2017 10:58:06 UTC.

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