September 16, 2014
To Our Shareholders
Company name:
Representative:
Securities code:
Location of head office:Information disclosure officer:
Phone:Don Quijote Holdings Co., Ltd.
Koji Oohara,President and Representative Director and COO
7532, First Section, Tokyo Stock Exchange
2-19-10 Aobadai, Meguro-ku, Tokyo
Mitsuo Takahashi,
Senior Managing Director and CFO+81-3-5725-7588 (Direct)

Supplementary Explanation Concerning
34th Ordinary General Meeting of Shareholders, Proposal No. 3
Regarding the 34th Ordinary General Meeting of Shareholders of Don Quijote Holdings Co., Ltd. (the“Company”) to be held on Friday, September 26, 2014, we have learned that Institutional Shareholder
Services, Inc. (“ISS”) is recommending that shareholders oppose the election of the candidate as per theProposal No. 3 “Election of One (1) Audit and Supervisory Board Member.” The reason for the oppositionis that the independence of the candidate (Mr. Tomiaki Fukuda) as an Outside Audit and Supervisory Board
Member has not been adequately maintained. Consequently, we would like to supplement the proposal inquestion as follows.
We ask our shareholders to review this supplementary explanation, and we sincerely request yourunderstanding with regard to Proposal No. 3.
1. Regarding Proposal No. 3: Election of One (1) Audit and Supervisory Board Member(Mr. Tomiaki Fukuda, the candidate for Outside Audit and Supervisory Board Member of the Company)(1) The Name and career summary, etc., of the candidate (same as the description on the Notice ofConvocation of the 34th Ordinary General Meeting of Shareholders)Name(Date of Birth)

Career summary and position in the Company(Significant concurrent positions)
April 1995
November 2002
April 2003
August 2004

Tomiaki Fukuda

August 2008

(December 19, 1941)

President and Representative Director of U.H.I.
SYSTEMS K.K.
Vice-president of Fédération Internationale des Luttes
Associées (FILA) (current position)
President of Japan Wrestling Federation(current position)
General Manager of the Japanese Delegation for Athens
Olympic Games
Chef de Mission of the Japanese Delegation for Beijing
Olympic Games

April 2009

Vice President of Japanese Olympic Committee

September 2010

Standing Audit and Supervisory Board Member of theCompany
Audit and Supervisory Board Member of the Company(current position)
Chairman and Representative Director of Goyo Intex CO.,LTD. (current position)

June 2012

Number of theCompany
shares held

0 sharesJune 2013
January 2014

Honorary member of Japanese Olympic Committee(current position)Councillor of the Tokyo Organising Committee of theOlympic and Paralympic Games (current position)(2) Supplementary matters regarding the independence of the candidate in question
Audit and Supervisory Board Member Mr. Tomiaki Fukuda is President of the Japan Wrestling
Federation (“JWF”). The Company has a business relationship with the JWF.
The business relationship between the JWF and the Company consists of funding for wrestling
tournaments and other events sponsored by the JWF. In order to contribute to the health anddevelopment of young people through sports, and as part of our social contribution toward “Tokyo2020” (Tokyo Olympic Games in 2020), the Company has carried out this funding in line with our CSR
activities and in sympathy with the philosophy of the JWF.
Furthermore, the scale of the funding, in the range of 8 million yen per year, is minimal (less than
0.01% of the Company’s consolidated net sales and selling, general and administrative expenses). We
therefore believe that Mr. Fukuda has sufficient independence with regard to the Company.
In addition, Mr. Fukuda has abundant experience in international relations, having held important
positions such as General Manager and Chef de Mission of the Japanese Delegation for the Olympic
Games, and Vice-president of Fédération Internationale des Luttes Associées (FILA). He also currently
offers valuable insights from a global perspective to the Company’s Board of Directors and Audit andSupervisory Board. Based on the assertion that we would like to continue to have his extensive
experience reflected in the Company’s audits, and to receive appropriate advice from an independent
point of view with regard to decision making in the execution of the Company’s business from thestandpoint of validity and reasonableness, we propose that the shareholders elect Mr. Fukuda.
We ask our shareholders to review the contents of this supplementary explanation, and we sincerely
request your understanding with regard to Proposal No. 3.

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