[Translation]

December 20, 2023

Company Name

Sapporo Holdings Limited

Representative

Masaki Oga

President and Representative Director

Stock Code

2501

Listed on

Tokyo Stock Exchange (Prime Market)

Sapporo Securities Exchange

Inquiries

Yosuke Nakamura

Director of Corporate Planning Department

Tel: 81-3-5423-7407

Notice of the Transfer of Fixed Assets Held by a Consolidated Subsidiary

and the Posting of a Gain on Sales of Fixed Assets

Sapporo Holdings Limited (the "Company") hereby announces that the Company at its Board of Directors meeting held today resolved to transfer a portion of fixed assets (the "Assets") held by Sapporo Real Estate Co., Ltd., a consolidated subsidiary of the Company, as described below.

As a result of the transfer of the Assets, the Company will post a gain on sales of fixed assets.

1. Reason for the Transfer

The Company has decided to transfer the following fixed assets in order to strategically reclassify real estate properties held by Sapporo Real Estate Co., Ltd.

2. Overview of the Consolidated Subsidiary

(1)

Company name

Sapporo Real Estate Co., Ltd.

(2)

Location

20-3, Ebisu 4-chome,Shibuya-ku, Tokyo, Japan

(3)

Position and name of

Takanari Miyazawa, President and Representative Director

representative

Ownership, operation, and management of office buildings,

(4)

Outline of businesses

housing, commercial facilities, hotels, etc., real estate

development, and real estate investment

(5)

Capital

2.08 billion yen

(6)

Date of incorporation

June 28, 1988

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3. Description of the Assets to be Transferred

Description and Location of the Assets

Current Use

Sreed EBISU

20-4, Ebisu 1-chome, Ebisu, Shibuya-ku, Tokyo

Land: 237.41 m2*

Leasing as offices and stores

Building: 1,223.97 m2 (Total floor space)*

TDY Sapporo Collaboration Showroom

1-10, Kita 3-jo Higashi 4-chome,Chuo-ku,Sapporo-shi,

as

offices

and

Hokkaido

Leasing

Land: 3,263.12 m2*

showrooms

Building: 4,853.91 m2 (Total floor space)*

Note: The transfer prices and the book values of the individual asset shall remain undisclosed according to the wishes of the transferee.

*The above square meterage of the parcels of land and the buildings is based on the figures stated in the real estate registry.

4. Outline of the Transferee

Both Assets will be transferred to the same domestic company, the name of which shall remain undisclosed based on the confidentiality agreement between Sapporo Real Estate Co., Ltd. and the transferee. There are no capital or human relationships, or special matters, that need to be mentioned in connection with related parties as between the transferee and the Company or Sapporo Real Estate Co., Ltd., or other affiliated companies of the Company.

5. Schedule

(1)

Date of resolution by the Board of

December 20, 2023

Directors

(2)

Date of conclusion of the transfer

December 25, 2023 (Scheduled)

contract

(3)

Date of implementation of the transfer

December 25, 2023 (Scheduled)

6. Impact on Business Performance and Future Outlook

As a result of the transfer of the Assets, a gain on sales of fixed assets of approximately 2.8 billion yen is to be posted for the Company's consolidated fiscal year ending December 31, 2023. There are no changes to the consolidated forecasts for the fiscal year ending December 31, 2023, because the gain on sales, etc. of the Assets has been considered in the formulation of the plan. In the event of the occurrence of matters requiring disclosure in the future, the Company will promptly make an announcement.

[End of document]

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Sapporo Holdings Limited published this content on 25 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 December 2023 00:05:33 UTC.