Announcement of Subsidiary’s Release

TOKYO, December 27, 2022 – Monex, Inc., a wholly owned subsidiary of Monex Group, Inc.,
issued the following press release today.
Attachment: Monex, Inc. press release
Conclusion of a Final Agreement for a Comprehensive Business Partnership in the Financial
Instruments Intermediary Business between Monex, Inc. and AEON Bank, Ltd.

Contact: Akiko Kato
Corporate Communications OfficeMonex Group, Inc.
+81-3-4323-8698
Yuki Nakano, Taishi Komori
Investor Relations, Financial Control Dept.
Monex Group, Inc.
+81-3-4323-8698
This material was made as a matter of record only and does not constitute an offer to sell or to solicit an offer to buy
securities in the U.S.

December 27, 2022
AEON Bank, Ltd.
Monex, Inc.

Conclusion of a Final Agreement for a Comprehensive Business Partnershipin the Financial Instruments Intermediary Businessbetween Monex, Inc. and AEON Bank, Ltd.

AEON Bank, Ltd. (headquarters: Chiyoda-ku, Tokyo; Representative Director and President: Hiroaki Kobayashi;
hereinafter, “AEON Bank”) and Monex, Inc. (headquarters: Minato-ku. Tokyo; Representative Director andPresident: Yuko Seimei; hereinafter, “Monex”) announce that they have concluded a Final Agreement for thecomprehensive business partnership in the financial instruments intermediary business (hereinafter, the“Partnership”) on Tuesday, December 27, 2022.
The Partnership is subject to obtaining the approval of relevant governmental bodies. Services under the newstructure is planned to start in January 2024.
Monex and AEON Bank have agreed on the Partnership in order to provide high-quality asset management
services to AEON Bank’s customers using their respective strengths; AEON Bank’s customer base, brand powerand nationwide branch network, and leveraging Monex’s and Monex group companies’ capability to develop newproducts and diverse product lineup with.
The Partnership will also bolster AEON Bank’s product and service lineup, such as mutual funds, which will
significantly increase from approximately 300 to 1,200 issues, thereby better enabling it to expand its productofferings. By having Monex handle system management and back-office operations related to the asset
management business, AEON Bank will be able to shift its management resources to improve and enhance thequality of its services for greater customer satisfaction.
Going forward, the Partnership will jointly plan and study new products and services that allow customers to start
asset management just as easily as daily shopping, such as starting a service that enables customers to accumulatemutual funds from small amounts by credit card “AEON Card” issued by AEON Bank. In addition, Monex andAEON Bank will accelerate its discussions with a view to providing a service that allows customers to invest in
mutual funds by using points accumulated through daily purchases and more.
Monex and AEON Bank will continuously study the potential opportunities of the Partnership such as joint
marketing strategies to further support customers’ asset building that enrich their lives.

Details of the Partnership

AEON Bank will transfer rights and obligations of its customers’ mutual fund accounts to Monex through a
corporate split (absorption-type), and both companies will work together to support existing and future AEON
Bank customers in their asset management needs. After the Partnership takes effect, AEON Bank will continue tosell mutual fund as a financial products brokerage agent commissioned by Monex, and Monex will executecustomer transactions and manage customer accounts.
Future Schedule

The transfer of customer accounts previously opened in AEON Bank to Monex is scheduled in January 2024.
Profiles of the companies[Monex, Inc.]
Guided by a corporate philosophy to “Create the Future of Finance,” Monex provides unique products andservices and disseminates timely information to support the investment activities of individuals since its founding.
With an in-house-developed core brokerage system, Monex aims to develop services that meet customer needs
and contribute to building and increasing their assets.
[AEON Bank]
AEON Bank’s universal mission is to provide customers the best financial services that are friendly, convenient,and easy to understand. Harnessing the customer base of its retail business and its unique retail marketing knowhow, AEON Bank offers safe and reliable financial products and services to help the customers’ daily life. Byenhancing both real and virtual channels and utilizing IT to offer optimal services, AEON Bank is striving to be
an OMO bank that fits the life styles of customers so that customers can connect to AEON Bank anytime,anywhere.
Trade nameLocation
Representative
Business
CapitalEstablished

Customer baseMonex, Inc.

AEON Bank, Ltd.

12-32, Akasaka 1-chome, Minato-ku,
TokyoYuko Seimei
Representative Director and President
Securities
JPY12.2 billion
May, 1999

3-22 Kanda-Nishikicho, Chiyoda-ku,
Tokyo
Hiroaki Kobayashi
Representative Director and President
Banking
JPY51.25 billion
May, 2006
Number of bank accounts:
8.09 million
Number of Investment trust accounts:
0.3 million(as of September, 2022)
Number of valid card members inJapan: 30.32 million(as of August, 2022)

Total accounts: 2.17 million(as of September, 2022)



Overview of the business to be split or succeeded

1. Business split description
Through the company split, Monex will succeed the assets and liabilities related to AEON Bank's mutual fundcustody account, as well as all rights and obligations incidental thereto.
2. Performance of the business
Fiscal year end
Aggregate outstanding balance ofmutual fund

Fiscal year ended March 2022
JPY 183.0 billion

Outlook

The Partnership will have marginal impact on the consolidated performance of Monex’s parent company, MonexGroup, Inc., and AEON Bank’s parent company, AEON Financial Service Co., Ltd.

End