(Translation)

May 17, 2018

Dear Sirs and Madams,

Name of Company: Shiseido Company, LimitedName of Representative:

Masahiko Uotani

President and CEO (Representative Director)

(Code No. 4911; The First Section of the Tokyo Stock Exchange)Contact:

Harumoto Kitagawa

Department Director Investor Relations Department

(Tel: +81 3 3572 5111)

Notice of the Result of Acquisition by the Company of its Own Shares through Off-Auction Own Share Repurchase Trading (ToSTNeT-3) and Completion of the

Acquisition

Notice is hereby given that with regard to the acquisition by Shiseido Company, Limited (the "Company") of its own shares as publicized on May 16, 2018, the Company carried out a procedure therefor today, as described below.

Simultaneously, notice is hereby given that the acquisition by the Company of its own shares pursuant to the resolution adopted at the meeting of its Board of Directors held on May 11, 2018 has been completed as a result of the transaction described herein.

Description

1. Reason for the acquisition:

To allot the shares upon the exercise of stock options granted as remuneration to directors and corporate officers of the Company.

2.

Content of the acquisition:

(1) Class of shares acquired:

Shares of common stock of the Company

(2) Total number of shares acquired:

300,000 shares

(3) Aggregate acquisition price of shares:

¥2,399,700,000

(4) Acquisition date:

May 17, 2018

(5) Method of acquisition:

(For reference)

Purchase order placed through Off-Auction Own Share Repurchase Trading of the Tokyo Stock Exchange Trading Network System (ToSTNeT-3)

Details of the determination of a specific method of the acquisition by the Company of its own shares (as publicized on May 11, 2018):

  • (1) Class of shares to be acquired:

  • (2) Total number of shares to be acquired:Shares of common stock of the Company (Not exceeding) 300,000 shares

  • (3) Aggregate acquisition prices of shares:

  • (4) Situation as of May 17, 2018:

    Total number of shares acquired: Aggregate acquisition prices:

(Not exceeding) ¥2,500,000,000

300,000 shares ¥2,399,700,000

- End of News Release -

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Shiseido Co. Ltd. published this content on 17 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 May 2018 01:07:06 UTC