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SBI HOLDINGS, INC. (Incorporated in Japan with limited liability) (Stock code: 6488)

NOTIFIABLE TRANSACTION SUBSCRIPTION OF SHARES IN SUBSIDIARIES

Reference is made to the announcement of the Company dated 14 March 2014 regarding a major transaction. This announcement serves to provide investors with an update to the subscription of shares in subsidiaries.
The Company is pleased to announce that the subscription of shares in SSB group was executed on
28 March 2014.

INTRODUCTION

Reference is made to the announcement of the Company dated 14 March 2014 in relation to the subscription of shares in subsidiaries (the "Announcement"). Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

THE SUBSCRIPTION

The subscription of shares in SSB group was executed on 28 March 2014. However, the number of SSB1's new shares to be held by the Group and the amount to be subscribed by the Group has been changed to 50,593,616 shares and KRW 253.0 billion, instead of 49,991,016 shares and KRW 250.0 billion respectively as mentioned in the Announcement. And also, the number of SSB2's new shares to be held by the Group and SSBI, and the amount to be subscribed by the Group and SSB1 has been changed to 19,992,000 shares and KRW 100.0 billion, instead of 19,600,000 shares and KRW 98.0 billion respectively as mentioned in the Announcement.

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GENERAL The holders of HDRs of the Company and potential investors are reminded that regardless to the contents of this announcement, care should be exercised when dealing in the securities of the Company.

On behalf of the Board

SBI Holdings, Inc. Yoshitaka Kitao

Representative Director,

President & Chief Executive Officer

Japan, 28 March 2014

As of the date of this announcement, the executive Directors are Mr. Yoshitaka Kitao, Mr. Taro Izuchi, Mr. Takashi Nakagawa, Mr. Tomoya Asakura, Mr. Shumpei Morita, Mr. Noriaki Maruyama and Mr. Peilung Li, the non-executive Directors are Mr. Masato Takamura, Mr. Hiroshi Tasaka and Mr. Teruhide Sato and the independent non-executive Directors are Mr. Masaki Yoshida, Mr. Kiyoshi Nagano, Mr. Keiji Watanabe, Mr. Akihiro Tamaki and Mr. Masanao Marumono.

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