Share buyback by SBI Shinsei Bank and third-party allotment to SBI Holdings

SBI Shinsei Bank, a consolidated subsidiary of SBI Holdings, resolved at the Board of Directors’ meeting held on September 17, 2024, to propose to shareholders the acquisition of treasury stock from certain shareholders (commonly refered to as the “former Murakami fund”, now S-Grant Corporation) and the disposal of shares by means of a third-party allotment, with the details set out below. The Acquisition of Treasury Stock and the Third-Party Allotment are scheduled to be officially decided following approval at the Extraordinary General Meeting of Shareholders to be held in September 2024.

If approval is obtained at the extraordinary general meeting of shareholders and the Share Acquisition and Third Party Allotment are implemented, the number of voting rights held by S-Grant Corporation will change from 7 to 4, its ratio to the total voting rights of shareholders will change from 12.96% to 7.55%, and S-Grant Corporation is expected to cease to be a major shareholder of the Bank.

In addition, the total number of voting rights held by SBI Holdings and its wholly owned subsidiary, SBI Regional Bank Holdings, is expected to change from 35 to 37, and its ratio to the total voting rights of shareholders will change from 64.81% to 69.81%.

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