June 16, 2021

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 CEO

Contact:

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

Telephone:+81 3 5456 2555

URL:

https://www.gmo.jp/en

Notice Regarding Establishment of Subsidiary Through Joint Capital Investment to Enter
the NFT Business
GMO Internet, Inc. hereby announces that it has resolved to establish a subsidiary through joint capital investment by
GMO Internet, Inc., consolidated subsidiary GMO Financial Holdings, Inc. ("GMO-FH"; JASDAQ: 7177), SAMURAIPARTNERS, Inc. ("SAMURAI PARTNERS"), etc.

1. Purpose of establishment
In 1995, GMO Internet Group has launched the Internet business under the corporate slogan “Internet for Everyone.”
As of today, GMO Internet Group is growing into a business group that comprehensively develops Internet Infrastructure,
Online Advertising & Media, Internet Finance, and Cryptoassets businesses.
Since the launch of the official service of the cryptoassets exchange business in May 2017, GMO Coin, which is GMOFH's subsidiary, makes full use of expertise the Group has cultivated through the securities and FX businesses, which
offer financial services, to improve its services and work on easier-to-use services, such as the development of a safe
environment in which people can trade, the addition of stocks, and provision of the apps that are easy to use, and isexpanding its customer base. Cryptoassets exchange business has No.1 * Bitcoin volume (including cash settlement
and futures transactions) on the Japanese exchange in May 2021 for the 2nd consecutive month. At the end of May
2021, the number of accounts has totaled 415,000 accounts. Cryptoassets exchange business continues to grow.
In the cryptoassets payment business, GMO-Z.com Trust Company, Inc. provides the world’s first Japanese yenpegged stablecoin GYEN and USD-pegged stablecoin ZUSD, which comply with the US banking laws and regulations.
GMO Internet has decided to establish GMO Adam, Inc. ("GMO Adam") through joint capital investment for the newvalue creation and to enhance its corporate value by entering the NFT business.
A Non-Fungible Token (NFT) is a digital token that is not interchangeable and can be issued and traded on theblockchain. In recent years, NFT is deemed to be able to prove uniqueness and ownership of things including digitalcontent, is used for digital content, such as characters and items in games, works of art, etc., is used in the real estateand finance sectors, and is a hot topic.
Entering cryptoassets business has enabled GMO Internet to accumulate a customer base, expertise, and blockchain
technology. GMO Adam will make full use of them and is intended to release its new marketplace that will allow
customers to trade NFT. Its goal is to provide the NFT marketplace with attractive content through collaboration withSAMURAI PARTNERS, the strengths of which are to form alliances with creators and promotion.
* According to Japanese information site's research. Japanese cryptoasset exchange businesses' monthly Bitcoin volume (including cash settlement and futures transactions) in Apriland May 2021.

12. Outline of new subsidiary(1)
Name(2)
Location
Name & Title of(3)RepresentativeBusiness(4)Description(5)
Capital(6)
Establishment
Major Shareholders(7)
and Ownership
Ratio

(8)

Relationship withGMO Internet

GMO Adam, Inc.
1-2-3 Dōgenzaka, Shibuya City, Tokyo
Masatoshi Kumagai, Representative Director
Hideyuki Takashima, Representative Director
Providing NFT marketplace, managing the content, asset, etc. that use
blockchain technology, etc.
JPY 251,125,000
June 16, 2021 (planned)
GMO Financial Holdings, Inc.: 73.46%
GMO Internet, Inc.: 12.24%
SAMURAI PARTNERS, Inc.: 11.02%
CapitalGMO Internet plans to found the company as arelationsconsolidated subsidiary of GMO Internet.
HumanDirectors of GMO Internet plan to concurrently serve as
relationsRepresentative Directors of the said subsidiary.
Business
GMO Internet plans to sign a business entrustment contract
relationswith the said subsidiary.

* Ownership ratio is rounded down to two decimal places.

3. Schedule(1) Date of Resolution by theBoard of Directors(2) Date of Establishment ofthe Said Subsidiary(3) Date of Business Launch

June 16, 2021
June 16, 2021 (planned)
August 2021 (planned)

4. Outlook for the future
GMO Internet believes the impact of this subsidiary's establishment on the consolidated business performance for theyear ending December 31, 2021, is insignificant. GMO Internet shall also immediately disclose any further important
information which has come to light.

2