March 5, 2021
News Release
Address: 20-8 Kasuga 3-chome, Suita, Osaka, Japan
Company name: SHIP HEALTHCARE HOLDINGS, INC.
Representative: Kunihisa Furukawa, Chairman and CEO(Shares listed on First Section, Tokyo Stock Exchange, code: 3360)
Contact: Hiroshi Yokoyama, Executive Director
Tel.: +81-6-6369-0130
Notice on Stock Split, Partial Amendment to the Articles of Incorporation with Stock Split,and Adjustment of Conversion Price for Convertible Bonds
Tokyo, Japan (March 5, 2021)-Ship Healthcare Holdings, Inc. (hereafter “Ship Healthcare”) announced that Ship
Healthcare has resolved, at the board of directors meeting held today, a stock split and a partial amendment to thearticles of incorporation with stock split.
1.Purpose of the stock split
The stock split aims to increase the liquidity of the shares by reducing the investment unit price for Ship Healthcare’s
share, to create an environment that makes it easier to invest, and further expand the investor base.
2.Outline of the stock split(1) Method
Fixing Wednesday, March 31, 2021 as the record date, Ship Healthcare will split its ordinary shares, owned by theshareholders recorded in the shareholder registry, two- for-one.
(2) Number of shares to be increased by the stock split①

Total number of shares issued before the stock split

50,834,700②

Increase in the number of shares upon the stock split

50,834,700③

Total number of shares issued after the stock split

101,669,400④

Total number of shares issuable after the stock split

128,000,000

Notes: The total number of shares issued shown above is based as of March 5, 2021.

3. Schedule of stock spilt(1)Announcement of record date

Monday, March 15, 2021

(2)

Record date

Wednesday, March 31, 2021

(3)

Effective dateThursday, April 1, 2021

4. Partial amendment to the articles of incorporation with stock split(1) Reason for the amendment
In line with this stock split, pursuant to the article 184.2 of the Companies Act of Japan, Ship Healthcare will
amend, as of April 1, 2021, the total number of shares issuable set by article 6 in the articles of incorporation ofShip Healthcare.
(2) Details of amendment to the articles of incorporation
Details are as follows. (underlined points indicate changes)
Current articles of incorporation

Articles of incorporation after the amendment(Total Number of Shares Issuable)(Total Number of Shares Issuable)

Article 6. The total number of shares issuable by

Article 6. The total number of shares issuable by

the Company shall be 64,000,000 shares.

the company shall be 128,000,000 shares.

(3) Schedule for the amendment to the articles of incorporation
Effective date of the amendment to the articles of incorporation: Thursday, April 1,2021
5. Adjustment of conversion price for convertible bonds
In line with the stock split, Ship Healthcare will make adjustment of the conversion price for the zero coupon
convertible bonds due 2023 after Thursday, April 1, 2021 as follows.
Name of issue
Zero Coupon Convertible Bonds
due 2023

Conversion price prior to theConversion price after theadjustment

adjustment¥5,260.20¥2,630.10

6. Others(1) Changes of amount of stated capital
The stock split will not change the amount of stated capital.
(2) Annual dividend per share
Since the effective date of the stock split will be April 1, 2021, annual dividend per share for year ending March 31,
2021 with a record date of March 31, 2021, will be paid based on number of shares before the stock split.