(Translated)
September 26, 2019
To whom it may concern
Itoham Yonekyu Holdings Inc.
President and Representative Director: Isao Miyashita(Tokyo Stock Exchange Securities Code: 2296)
Inquiries: Ryoji Matsubara
Executive Officer
General Manager, Corporate Strategy Planning Dept. and Manager, Investor Relations Section
Tel: +81-5723-6885

Notice of Acquisition of Shares Accompanied
by a Change in an Indirectly Owned Subsidiary
Itoham Yonekyu Holdings Inc. (the Company) hereby announces that through its subsidiary, YONEKYUCORPORATION, it will acquire all shares in MEIJI KENKO HAM CO., LTD. and convert it into aconsolidated subsidiary (indirectly owned subsidiary)
1. Reason for Acquisition
Itoham Yonekyu Holdings seeks to expand current business and increase cost competitivenessunder its Medium-term Management Plan 2020. MEIJI KENKO HAM has a production base in
Mishima, Shizuoka Prefecture, located adjacent to Yonekyu’s main plant, and production efficiency
is expected to increase for both parties. MEIJI KENKO HAM also has a development system
supporting diverse needs and produces distinctive hams and sausages, enabling the expansion ofsales by using the Company’s sales channels.
2. Method of Change
Transfer of shares.
3. Overview of the Subsidiary to be Acquired (as of September 26, 2019)(1) Name

MEIJI KENKO HAM CO., LTD.

(2) Name of Representative

Ken Yamamoto(3) Location

1-2-10 Shinsuna, Koto-Ku, Tokyo(4) Date of Establishment

August 28, 1952

(5) Description of Business

Production and sales of hams, sausages and bacons(6) Capital¥100 million(7) Major Shareholders andMeiji Co., Ltd. 100%
Ownership Percentages(8) Relationship between theCapital Relationship Not applicable

Listed Company and MEIJI

Personnel Relationship Not applicable

KENKO HAM CO., LTD.

Business Relationship Not applicable(9) Operating Results andNot disclosed due to terms of confidentiality agreement concluded with seller.
Financial Condition14. Overview of the Party from Which Shares Will be Acquired (as of September 26, 2019)(1) Name

Meiji Co., Ltd.

(2) Name of Representative

Katsunari Matsuda(3) Location

2-2-1 Kyobashi, Chuo-ku, Tokyo(4) Date of Establishment

December 21, 1917
Manufacturing and sale of milk and dairy products, confectioneries, and other(5) Description of Businessfoods(6) Capital¥33.64 billion(7) Net Assets¥365.57 billion(8) Total Assets¥595.27 billion(9) Major Shareholders andMeiji Holdings Co., Ltd. 100%
Ownership Percentages(10) Relationship Between the

Capital Relationship Not applicable

Listed Company and MEIJI

Personnel Relationship Not applicable

KENKO HAM CO., LTD.

Business Relationship Not applicable

5. Overview of the Subsidiary (as of September 26, 2019)(1) Name

YONEKYU CORPORATION(2) Name of Representative

Akihisa Horiuchi(3) Location

1259 Okanomiya Terabayashi, Numazu, Shizuoka(4) Description of Business

Production and sales of meats and processed foods, etc.

(5) Capital¥8.63 billion

6. Number of Shares for Transfer and Share Ownership Before and After Transfer (as of September 26,2019)(Before change)(After change)
・Number of shares owned by the Company
・Total number of shares issued
・Ratio of shares owned by the Company

0 shares1,000 shares

1,000 shares
0.00%

1,000 shares
100.00%Note: The transfer price has not been disclosed due to terms of confidentiality agreement concluded withseller.

7. Schedule
September 24, 2019
December 2, 2019

Share purchase agreement
Share transfer date

8. Impact on Future Performance
The impact of this share acquisition on the Company’s consolidated performance forecast for thefiscal year ending March 31, 2020, is minor.

2