February 21, 2022

Company Name:

GMO Internet, Inc.
(TSE First Section, Code: 9449)

Address:

26-1 Sakuragaoka-cho Shibuya-ku Tokyo JAPAN

Representative:

Masatoshi Kumagai, Founder, Chairman and Group CEOContact:

Masashi Yasuda, Executive Vice President and CFO, Head ofGroup Management Division

Telephone:+81 3 5456 2555

URL:

https://www.gmo.jp/en

Notice of Board of Director Candidate Appointments(GMO Internet adopts a group executive officer system and the Independent External
Directors comprise a minimum of a third of the Board of Directors)
The GMO Internet, Inc. Board of Directors agreed at a meeting convened today on the proposal regarding Boardof Director candidates to be submitted at the Annual General Shareholders’ Meeting to be held on March 20,
2022, and group executive officer candidates.

All of the members’ terms expire at the end of the Annual General Shareholders’ Meeting on March 20, 2022. Asannounced in the press release "Introduction of a group executive officer system" published on January 24,
2022, we have adopted a group executive officer system to further enhance the group management system andimprove the flexibility of business execution. The number of directors will change from 21 to 9, out of which 3 are
Independent External Directors, so the Independent External Directors will comprise a minimum of a third of its
Board of Directors.

1. Group Executive Officer Candidates(1) Promotion
Internet-related technologies develop significantly and competition in the sector is intense, and we are awarethat ensuring advantage in technology and continuing to create visionary services that have cost advantages aresignificant business challenges. In this regard, sources of technological capability are engineers and creators
who create services. Our goal is to see the ratio of creators (i.e. engineers and creators) surpass 50%. It has1

grown to 47.7% as of December 30, 2021. The following people will be promoted today to further improve theGMO Internet Group's brand as a result of further strengthening technological capability: Mr. Hirofumi
Yamashita, Head of Group Systems Division; Mr. Toshiaki Horiuchi, Head of Innovation and Technology Systems
Office (GMO Internet Group's engineer recruitment and technology public relations are added as the fields he is
put in charge of); Mr. Kimihiro Kodama, General Manager of Domain and Hosting Business Division; and Mr.
Makoto Hashiguchi, Head of Group Advertisement Division of GMO Internet, Inc. (GMO Internet Group's brandis added as the field he is put in charge of). We will achieve our goals to see the ratio of creators surpass 50%
during FY2022 under the new management system.

(2) New Candidates
We appoint the following group executive officers: Kentaro Sato (President and Representative Director of GMO
Pepabo, Inc.) and Tomitaka Ishimura (President and Representative Executive Officer of GMO FinancialHoldings, Inc.).

22. New Leadership Structure(1) Director Candidates(Changes Underlined)
Name
Masatoshi Kumagai

Masashi Yasuda

Hiroyuki Nishiyama

Issei Ainoura

Tadashi Ito

New title
Founder, Chairman and GroupCEO
Director and Executive Vice
President / Deputy to Group CEO /Group CFO / Head of GroupManagement Division
Director and Executive Vice
President / Deputy to Group CEO /Group COO / Head of Group
Human Resources Development
Division
Director and Executive Vice
President / Head of Group
Payment Processing Division /President and Representative
Director of GMO Payment
Gateway, Inc.
Director and Executive Vice
President / Head of Group
Infrastructure Division / General
Manager of Business Division,Head of Cryptoassets Mining
BusinessKoichi Tachibana

As per the current title

Keigo Ogura

As per the current title

Takashi Gunjikake

As per the current title

Kaname Masuda

As per the current title

3Current title
Founder, Chairman and Group CEO
Director and Vice President / Deputy
to Group CEO / Group CFO / Headof Group Management Division
Director and Vice President / Deputy
to Group CEO / Group COO / Headof Group Human Resources
Development Division
Director and Vice President / Headof Group Payment Processing
Division / President andRepresentative Director of GMO
Payment Gateway, Inc.
Director and Vice President / Headof Group Infrastructure Division /General Manager of BusinessDivisionDirector
Audit Committee Member
Director (independent director)
Audit Committee Member
Director (independent director)
Audit Committee Member
Director (independent director)
Audit Committee Member(2) Group Executive Officer Candidates(Changes Underlined)
Name
Hirofumi Yamashita(promotion)

Katsumi Arisawa

Toshiaki Horiuchi(promotion)

Teruhiro Arai
Yasuo Hayashi
Kimihiro Kodama

Makoto Hashiguchi(promotion)

Ichiro Chujo

Atsuko Fukui

Takehito Kaneko

Noriko Inagaki
Yuki Kawasaki
Kentaro Sato (new)Tomitaka Ishimura(new)New title

Current title

Executive Vice President / Head ofGroup Systems Division / General
Manager of Systems Division
Group Senior Managing Executive
Officer / Head of Group Financial
Department, General Manager ofGroup Global Business
Development Office, General
Manager of Group Human
Resources Department
Group Senior Managing Executive
Officer / Head of Group Engineer
Recruitment and Technology
Public Relations / Head ofInnovation and Technology
Systems OfficeGroup Managing Executive Officer/ Head of Group Investment
Strategy (Friend Maker)
Group Managing Executive Officer/ General Manager of Internet
Provider Business Division
Group Managing Executive Officer/ General Manager of Domain andHosting Business Division
Group Managing Executive Officer/ Head of Group Advertisement
Division / Head of Group Brand /President and Representative
Director of GMO AD Partners, Inc.
Group Executive Officer / Head of
SSL Certificate and E-Contract
Business / President andRepresentative Director of GMO
GlobalSign K.K.
Group Executive Officer / General
Manager of Group Communication
Department
Group Executive Officer /Chairman and Representative
Director of GMO Aozora Net Bank,Ltd.
Group Executive Officer / General
Manager of Group Finance
Department
Group Executive Officer / General
Manager of Group Legal
Department
Group Executive Officer / President
and Representative Director ofGMO Pepabo, Inc.
Group Executive Officer / President
and Representative Executive
Officer of GMO Financial Holdings,
Inc.

Senior Managing Director / Head ofGroup Systems Division / General
Manager of Systems Division

4Senior Managing Director / Head ofGroup Financial Department,
General Manager of Group Global
Business Development Office,General Manager of Group Human
Resources Department

Managing Director / Head of
Innovation and Technology Systems
OfficeManaging Director / Head of Group
Investment Strategy (Friend Maker)
Managing Director / General
Manager of Internet Provider
Business Division
Director / General Manager ofDomain and Hosting BusinessDivision
Director / Head of Group
Advertisement Division / Presidentand Representative Director of GMO
AD Partners, Inc.
Director / Head of SSL Certificate
and E-Contract Business / President
and Representative Director of GMO
GlobalSign K.K.
Director / General Manager of Group
Communication Department
Director / Chairman andRepresentative Director of GMO
Aozora Net Bank, Ltd.
Director / General Manager of Group
Finance Department
Director / General Manager of Group
Legal Department
(New)

(New)

(3) New Executive Officer Candidates
Name:

Kentaro Sato

Date of Birth:January 10, 1981

Current Role:

President and Representative Director, GMO Pepabo, Inc.
ProfileJanuary 2003

Joined paperboy&co. Limited (currently, GMO Pepabo, Inc.)

January 2005

General Manager, CEO Strategy Office, paperboy&co., Inc. (currently,GMO Pepabo, Inc.)

February 2006

Director and General Manager, Corporate Planning, paperboy&co., Inc.
(currently, GMO Pepabo, Inc.)

March 2007

Executive Vice President and General Manager, Corporate Planning,paperboy&co., Inc. (currently, GMO Pepabo, Inc.)

March 2008

Representative Executive Vice President and General Manager, CorporatePlanning, paperboy&co., Inc. (currently, GMO Pepabo, Inc.)

March 2009

President and Representative Director, paperboy&co., Inc. (currently,GMO Pepabo, Inc.) (present)

March 2010

Director, GMO Internet, Inc.

June 2012

Chairman of the Board, BookLog, Inc.

March 2014

President and Representative Director, BookLog, Inc.

June 2015

Chairman of the Board, OC Island, Inc.

March 2019

Chairman of the Board, GMO Creators Network, Inc. (present)

Name:

Tomitaka Ishimura

Date of Birth:

July 2, 1973

Current Role:

Representative Executive Officer, President and COO, GMO FinancialHoldings, Inc.
ProfileApril 1997

Joins Toyo Trust and Banking Company, Limited (currently, Mitsubishi UFJ
Trust and Banking Corporation)

August 2003

Joins livedoor Co., Ltd. (currently, NHN Techorus Corp.)

February 2007

Transfers to KAZAKA Financial Group Co., Ltd.

October 2010

Representative Director, OANDA Japan Inc.

April 2013

Director and CEO, GMO CLICK UK LIMITED (currently, GMO-Z.com
Trade UK Limited)

December 2017

President & Director, GMO Coin, Inc.

January 2018

Representative Director, President & CEO, GMO Coin, Inc. (present)

May 2018

Director, GMO-Z.COM COIN CANADA, INC. (present)
5

January 2022

Representative Executive Officer, President and COO, GMO Financial
Holdings, Inc. (present)

6