[Translation]
May 10, 2017
To Whom It May Concern:
Company Name: WACOAL HOLDINGS CORP.
Representative: Yoshikata Tsukamoto,President and Representative Director(Code Number: 3591)(Tokyo Stock Exchange, First Section)
Contact:
Akira Miyagi,
General Manager of Corporate Planning(Telephone: +81(075)682-1010)

Notice on Distribution of Surplus
We hereby give notice that the board of directors of Wacoal Holdings Corp. has adopted a resolution
at its meeting held on May 10, 2017 to make the following distribution of surplus, the record date ofwhich is March 31, 2017.

1. Details of Dividend

Dividend Amount

Most Recent
Dividend Forecast(Announced onMay 9, 2016)

Dividend paid
Previous Year
(Year ended
March 2016)

March 31, 2017

March 31, 2017

March 31, 2016

36.00 yen

33.00 yen

33.00 yen

Total dividend

4,940 million yen－

4,648 million yen

Effective dateJune 6, 2017－

June 6, 2016

Record Date
Dividend per share

Dividend source

Retained earnings－

Retained earnings

2. Reasons
Our basic policy on profit distribution to shareholders is to make stable distributions, based on
consideration of our consolidated performance, while seeking to increase our enterprise value throughactive investment aimed at higher profitability and to increase net income per share.
We had forecasted the distribution for the year ended March 2017 to be 33.00 yen per share.
However, in consideration of the consolidated business results for the year ended March 2017, we plan to
distribute 36.00 yen per share for the year ended March 31, 2017, an increase of 3.00 yen as compared tothe initial forecast.

*Cautionary Statement Regarding Forecasts of Business Results
Any forecasts of business results are based on information we have obtained as of the date hereof and,due to various risks, uncertainties and other factors arising in the future, actual results in the future may
differ significantly from the estimates set out in this document.
These risks, uncertainties and other factors include: the impact of the ongoing global economic downturnon our sales and profitability in Japan and our other markets; the impact on our business of anticipatedcontinued weakness of department stores and other general retailers in Japan; our ability to successfully
develop, manufacture, and market products in Japan and our other markets that meet the changing
tastes and needs of consumers and to deliver high quality products; the highly competitive nature of ourbusiness and the strength of our competitors; our ability to successfully expand our network of our own
specialty retail stores and achieve profitable operations at these stores; our ability to further develop ourInternet sales capabilities; our ability to effectively manage our inventory levels; our ability to reduce
costs; our ability to attract and retain highly qualified personnel; effects of irregular weather events on
our business and performance; risks related to conducting our business internationally; risks fromacquisitions and other strategic transactions with third parties; risks relating to return of investment fordevelopment of new market; risks relating to intellectual property; risks relating to protection of customer
information and our ability to protect our trade secrets; risks relating to internal controls over financialreporting; the impact of weakness in the Japanese equity markets on our holdings of Japanese equity
securities; the impact of any natural disaster or epidemic on our business; and other risks referred to fromtime to time in our annual report and other disclosures.

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