28th November 2013
To whom it may concern
Wedge Holdings Co., Ltd.
Tatsuya Konoshita,
Representative Managing Director & CEO(Code 2388 TSE JASDAQ Market)
Contact: Yukihiro Yokoyama, Corporate Officer(Tel: 03-6225-2207)

Summary of Past Notices Regarding Zeavola Resort
Below is a list of past disclosures made by our company regarding Zeavola Resort summarized by Date,Title, Details and URL.
The Securities Exchange Surveillance Commission has made a recommendation to the Financial Service
Agency to impose an administrative monetary fine for fraudulent means on our former director regarding
the background of the acquisition of Zeavola Resort. However, as described below, the acquisition has
achieved big investment returns and business expansion as initially disclosed. Moreover, it has been timely
disclosed for 24 times.
Fortunately, the recommendation is not directed at our company and that the transaction wasappropriately made in addition to the potential of our business. We are able to progress this far withoutmajor disruptions all thanks to the understanding of our business partners, shareholders and concernedparties. We are grateful for the understanding and support and humbly ask for the continuous
understanding and support.

Description

１．Date4 March 2010

Title

Notice regarding the underwriting of unsecured convertible bonds by third party

Details

Explanation of the underwriting of bonds

URL

http://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2010/i20100304_1.pdf

２．Date4 March 2010

Title

Investments regarding 「Zeavola Resort」

Details

Explanation of Zeavola Resort with information relating to the underwriting of bonds

URL

http://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2010/i20100304_2.pdf

３．Date9 March 2010Title

Notice of Revision of Earnings Forecast

Details

Expected interest income from underwriting of bonds reflected in earnings forecast

URL

http://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2010/i20100309_02.pdf

1４．Date

15 March 2010

Title

Company information session held for individual investors

Details

Explanations on the investment in Zeavola Resort on page 27 of presentation handouts

URL

http://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2010/i20100315_01.pdf

５．Date14 May 2010

Title

Note on Second quarter financial results of September 2010 term

Details

Explanation on the underwriting of Zeavola Resort's bonds on page 3 of the note as
results of the investment development business

URL

６．Datehttp://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2010/i20100514.pdf
24 May 2010

Title

Company information session held for individual investors and analysts

Details

Explanations on the investment in Zeavola Resort on page 28 of presentation handouts
for the implementation of investment development business

URL

７．Datehttp://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2010/i20100524_01.pdf
2 July 2010

Title

Company information session held for individual investors

DetailsExplanations on the investment in Zeavola Resort on page 27 of presentation handouts
for the 再通知 implementation of investment development business

URL

http://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2010/i20100702.pdf

８．Date13 August 2010

Title

Note on Third quarter financial results of September 2010 term

Details

Explanation on interest income from the underwriting of Zeavola Resort's bonds on page 2
as the results of investment development business

URL
９． DateTitle

http://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2010/i20100813.pdf
12 November 2010
Note on financial results of September 2010 term

Details Explanation on the risks of underwriting of bonds on page 910.

URL

http://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2010/i20101112_3.pdf

Date

18 November 2010

Title

Company information session held for analysts

Details

Explanation on Zeavola Resort on page 16 of presentation handouts as the income
contribution of investment development business

URL
11．Datehttp://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2010/i_20101118.pdf
22 December 2010

Title

Announcement for business presentation held on December 2010

Details

Explanation on Zeavola Resort on page 15 of presentation handouts as the income
contribution of investment development business

URL

http://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2010_2/2010122207.pdf

212． DateTitle

17 February 2011
Company information session held for institutional investors and analysts

Details Explanation on the intention to acquire Zeavola Resort on page 21 of the presentation
handouts
URL
13．DateTitle

http://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2011/2011021703.pdf
30 March 2011
Notice regarding the acquisition of shares of P.P. Coral Resort Co.,Ltd. and Engine Property
Management Asia Co.,Ltd. and acquisition accounted for by the equity method

Details

Explanation of the summary of share acquisition of P.P. Coral Resort and Engine Property
Management to acquire Zeavola Resort Asia via the equity method

URL
14．Datehttp://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2011/2011033001.pdf
23 May 2011

Title

Company information session held for institutional investors and analysts

Details

Explanation of the scheme to acquire Zeavola Resort on page 22 of presentation handouts

URL

http://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2011/i2011052301.pdf

15．Date22 August 2011

Title

Company information session held for individual investors

Details

Explanation on the business results of Zeavola Resort on page 17 of presentation
handouts

URL
16．Datehttp://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2011/i2011082201.pdf
14 November 2011

Title

Note on financial results of September 2011 term

Details

Explanation on the acquisition of Zeavola Resort via the equity method on page 2 as theresults of investment development business

URL
17．Datehttp://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2011/2011111401.pdf
5 December 2011

Title

Company information session held for institutional investors and analysts

Details

Explanation on the business results of Zeavola Resort on page 27 of presentation
handouts

URL18．Date

http://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2011/i20111205.pdf
22 December 2011

Title

Held the 10th AGM and business presentation for shareholders

Details

Explanation on the business results of Zeavola Resort on page 27 of presentation
handouts

URL
19．Datehttp://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2011/i2011122203.pdf
24 October 2012

Title

Regarding the utilization of procured funds from capital incrementDetails

Explanation on the usage of funds from the capital increment such as the acquisition ofZeavola ResortURL

http://www.wedge-hd.com/cms_v2/assets/files/NEWS/2012/p20121024.pdf

320．Date

14 November 2012

Title

Note on financial results of September 2012 term

Details

Explanation on the risks of companies acquired via the equity method on page 6URL

http://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2012/i2012111402.pdf

21．Date15 February 2013

Title

Zeavola Resort ranked No.1 on Trip Advisor's customer evaluations

Details

Explanation on the top ranking of Zeavola Resort in Trip Advisor's customer evaluation

URL

http://www.wedge-hd.com/cms_v2/assets/files/NEWS/2013/p20130215.pdf

22．DateTitle

24 July 2013
Zeavola Resort’s Efforts in Environmental Conservation Introduced ~High Reputation As a
Luxurious Nature Resort~

Details

Explanation on the high evaluation Zeavola Resort has received for its commitment in theconservation of natural environment

URL
23．Datehttp://www.wedge-hd.com/cms_v2/assets/files/NEWS/2013/p20130724e.pdf
30 August 2013

Title

Company information session held for institutional investors and analysts

Details

Explanation on Zeavola Resort's business results and customer evaluations on page 15-18of presentation handouts

URL24．Date

http://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2013/i20130829e.pdf
1 November 2013

Title

Regards to the Recommendation of the Securities Exchange Surveillance Commission

Details

Explanation on the legality of the underwriting of bonds

URL

http://www.wedge-hd.com/cms_v2/assets/files/IR/NEWS/2013/i20131101e.pdf

We will continue to commit to the business growth of Zeavola Resort in the medium and long term
point of view.
Thank you.

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