This document has been translated from the Japanese original for reference purposes only.
In the event of any discrepancy between this translated document and the Japanese original,
the original shall prevail. Sosei Group Corporation makes no warranty of any nature as to theaccuracy of this English translation and assumes no responsibility for this translation or for
direct, indirect or any other form of damages arising from the translation.

To Shareholders

Information Disclosure on the Internet
Regarding the Notice of the 28th Ordinary General Meeting ofShareholders

28th Term (April 1, 2017 – March 31, 2018)■ “Stock acquisition rights (“stock options”), etc.” in the business report ················ Page 1■ “Systems for ensuring the appropriateness of operations and theiroperating status” in the business report ···················································· Page 6■ “Basic policy on company control” in the business report ······························· Page 8■ “Consolidated statement of changes in equity” in the consolidated
financial statements ············································································· Page 9■ “Notes to the consolidated financial statements” in the consolidated
financial statements ············································································· Page 10■ “Non-consolidated statement of changes in equity” in the financial statements ··· Page 18■ “Notes to the non-consolidated financial statements” in the financial statements · Page 19

Sosei Group Corporation
The matters listed above are provided to shareholders by posting on theCompany’s Internet website (http://www.sosei.com/) in accordance with thelaw and the provisions of Article 14 of the Company’s Articles of Incorporation.

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Stock acquisition rights (“stock options”), etc. (as of March 31, 2018)
1. Stock options owned by the Company’s directors and executive officers that were issued ascompensation for performance of duties as of the end of the fiscal year under review
27th Stock Options

29th Stock Options

Date of Board resolution

6 September, 2010

13 November, 2015

Number of stock options

11530

11,500 shares of common stock

3,000 shares of common stock

1 yen per stock option

261 yen per stock option

64,800 yen per stock option(648 yen per share)

413,000 yen per stock option(4,130 yen per share)from September 7, 2012
to September 6, 2020
If a beneficiary loses its position
during the exercise period, thebeneficiary is able to exercise therights only during the period
prescribedin“Agreementon
Allotment of Stock Option”

from July 1, 2017
to June 30, 2020

Number and class of sharesfor stock options
Amount of payment for stockoptions
Value of assets to beprovided on exercise of stock
options
Exercise period

Terms and conditions forexercise

Holdings bydirectors
andexecutiveofficers

Directors andexecutiveofficers(excludingexternaldirectors)
External
directors

Note 1,2,4

Number of stock options:115
Number of shares for stock
11,500
options:
Number of holders:1——

Number of stock options:30
Number of shares for stock
3,000
options:
Number of holders:1130th Stock Options

31st Stock Options

Date of Board resolution

13 November, 2015

15 May, 2017

Number of stock options

1,259

851

125,900 shares of common stock

85,100 shares of common stock

281 yen per stock option

1,234,900 yen per stock option (Note 5)

413,000 yen per stock option(4,130 yen per share)

100 yen per stock option(1 yen per share)from July 1, 2018
to June 30, 2021

from July 1, 2020
to April 30, 2027

Notes 1,2 and 4

Notes 3,4 and 6

Number and class of sharesfor stock options
Amount of payment for stock
options
Value of assets to beprovided on exercise of stock
options
Exercise period
Terms and conditions forexercise
Directors andexecutive
officers
Holdings by (excludingdirectors
externalanddirectors)
executive
officers
Externaldirectors

Number of stock options:
1,159 Number of stock options:811
Number of shares for stock
Number of shares for stock
115,900
81,100
options:
options:
4 (Note5 (NoteNumber of holders:Number of holders:7)7)
Number of stock options:100
Number of shares for stock
10,000
options:
Number of holders:1

Number of stock options:40
Number of shares for stock
4,000
options:
Number of holders:3

Notes:
1 (1) Stock option holders may exercise stock options when the cumulative total of revenue on the Company’saudited Consolidated Statement of Comprehensive Income reported in securities reports submitted by theCompany for the fiscal years ending March 2016 and March 2017 is ¥23.0 billion or greater.
(2) If during the period from the allotment date to the date the stock option exercise period expires, the averageclosing price for regular trading of the Company’s shares of common stock on the Tokyo Stock Exchange(“TSE”) for any five consecutive trading days falls below a price that is 50% of the exercise price (amounts lessthan 1 yen rounded off) even one time, stock options may not be exercised even if the conditions of 1 above aremet.
2. Stock option holders must be directors, executive officers or employees of the Company or the Company’s affiliates
when exercising stock options, provided, however, that this does not apply in cases of retirement due to expirationof a term of office or reaching the mandatory retirement age, or when there are other legitimate reasons.
3. Stock option holders must be directors, executive officers or employees of the Company or the Company’s
subsidiaries when exercising stock options, provided, however, that this does not apply in cases of retirement due toexpiration of a term of office or reaching the mandatory retirement age, or when there are other legitimate reasons.
4. (1) Stock options may not be exercised by heirs of stock option holders.
(2) Stock options may not be exercised if by exercising the options the Company’s total number of outstanding
shares after exercise would exceed the total number of authorized shares at that time.
(3) Stock options may not be exercised in fractions of one unit.
5. The fair value of the stock option granted to directors and executive officers of the Company was offset against thesame amount of their rights to remuneration effective on the date of allotment.
6. (1) Stock option holders may exercise the options if the closing price of common stock of the Company in theregular trading on the TSE on July 1, 2020 is one hundred and fifteen percent (115%) or more of the base price.
For the purpose of these items, the “base price” means the closing price of common stock of the Company inthe regular trading on the TSE on the allotment date.
(2) Notwithstanding the conditions provided in the item (1) above, the options may be exercised in part if certain
stipulated conditions are met on the date after one, two or three years from the allotment date.
7. Holdings of the 30th and 31st Stock Options include the options granted to an employee of a subsidiary before hisassumption of the office as executive officer.

22. Stock options issued during the fiscal year to employees, etc. as compensation for
performance of duties
Date of resolution forissuance
Number of stock options
Number and class of sharesfor stock options
Amount of payment for stockoptionsValue of assets to beprovided on exercise of stock
options
Exercise period
Terms and conditions forexercise
Employees of
the Company
Holdings by
employees

Directors andemployees ofsubsidiaries

Date of resolution forissuance
Number of stock options
Number and class of sharesfor stock options
Amount of payment for stock
options
Value of assets to beprovided on exercise of stock
options
Exercise period
Terms and conditions forexercise
Employees of
the Company
Holdings byemployees

Directors andemployees ofsubsidiaries

31st Stock Options

32nd Stock Options

15 May, 2017

15 May, 2017

111

70

11,100 shares of common stock(100 shares per stock option)
1,234,900 yen per stock option(Note 1)7,000 shares of common stock(100 shares per stock option)
778,211 yen per stock option (Note 2)

100 yen per stock option(1 yen per share)

1,234,000 yen per stock option(12,340 yen per share)from July 1, 2020
to April 30, 2027

from July 1, 2020
to April 30, 2027

Note 3Note 3

Number of stock options:
Number of shares for stock
options:
Number of holders:Number of stock options:111
Number of shares for stock
11,100options:
Number of holders:
431Number of stock options:
Number of shares for stock
3,100options:
Number of holders:7
Number of stock options:39
Number of shares for stock
3,900options:
Number of holders:
933rd Stock Options

34th Stock Options

15 May, 201721 November, 2017

254

11

25,400 shares of common stock(100 shares per stock option)
778,211 yen per stock option (Note2)

1,100 shares of common stock(100 shares per stock option)
621,400 yen per stock option (Note 2)

1,234,000 yen per stock option(12,340 yen per share)

1,074,600 yen per stock option(10,746 yen per share)from July 1, 2020
to April 30, 2027

from December 1, 2020
to October 29, 2027

Note 3Note 3

Number of stock options:6
Number of shares for stock600
options:
Number of holders:1
Number of stock options:248
Number of shares for stock
24,800
options:
Number of holders:102

Number of stock options:11
Number of shares for stock
1,100
options:
Number of holders:3
Number of stock options:
Number of shares for stock
options:
Number of holders:-3

35th Stock Options
Date of resolution forissuance
Number of stock options
Number and class of sharesfor stock options
Amount of payment for stock
options
Value of assets to beprovided on exercise of stock
options

21 November, 201718
1,800 shares of common stock(100 shares per stock option)
621,400 yen per stock option (Note3)
1,074,600 yen per stock option(10,746 yen per share)from December 1, 2020
to October 29, 2027

Exercise period
Terms and conditions forexercise
Employees of
the Company
Holdings byemployees

Directors andemployees ofsubsidiaries

Note 3
Number of stock options:
Number of shares for stock
options:
Number of holders:18
Number of stock options:
Number of shares for stock
1,800
options:
Number of holders:
9Notes:1 The fair value of the stock option granted to directors of the Company’s subsidiaries was offset against the sameamount of their rights to remuneration effective on the date of allotment.
2 The stock options were granted to directors and employees of the Company and its subsidiaries as incentive
remuneration and the grant without cash payment does not constitute a particularly favorable condition of issuance.
3 (1) Stock option holders may exercise the options if the closing price of common stock of the Company in the regular
trading on the TSE on July 1, 2020 is one hundred and fifteen percent (115%) or more of the base price. For thepurpose of these items, the “base price” means the closing price of common stock of the Company in the regular
trading on the TSE on the allotment date.
(2) Notwithstanding the conditions provided in the item (1) above, the options may be exercised in part if certain
stipulated conditions are met on the date after one, two or three years from the allotment date.
(3) Stock option holder must be a director, executive officer or employee of the Company or the Company’ssubsidiary when exercising stock options, provided, however, that this does not apply in cases of retirement due
to expiration of a term of office or reaching the mandatory retirement age, or when there are other legitimate
reasons(4) Stock options may not be exercised by heirs of stock option holders.
(5) Stock options may not be exercised if by exercising the options the Company’s total number of outstanding shares
after exercise would exceed the total number of authorized shares at that time.
(6) Stock options may not be exercised in fractions of one unit

3. Adjustments for stock split
The Company decided at the meeting of the Board of Directors held on May 10, 2018 toconduct a 1 to 4 stock split effective as of July 1, 2018. Accordingly, as from July 1, 2018 thenumber of shares for each stock option will increase from 100 shares to 400 shares, and thevalue of asset to be provided on exercise of stock options will be changed as follows.

26th Stock Options
27th Stock Options
29th Stock Options

Before adjustment

After adjustment

64,800 yen per stock option(648 yen per share)
64,800 yen per stock option(648 yen per share)
413,000 yen per stock option(4,130 yen per share)

64,800 yen per stock option(162 yen per share)
64,800 yen per stock option(162 yen per share)
413,200 yen per stock option(1,033 yen per share)4