TRANSLATION FOR REFERENCE PURPOSE ONLYThis notice has been translated from the original Japanese text of the timely disclose statement and is forreference purpose only. In the event of any discrepancy between the original Japanese and this translation, theJapanese text shall prevail.

February 1, 2016
To whom it may concern:
Company Name: Asahi Holdings, Inc.
Representative:

Mitsuharu Terayama, President & CEO(Code: 5857, First Section of the Tokyo Stock Exchange)
Contact:

Katsuya Murashima, Corporate Planning &Communications Department Manager(Phone: +81-3-6270-1833)

Notification of introduction of a new stock compensation plan (Determination of details)
Asahi Holdings and some of its subsidiaries (together comprising the "participating companies") haveresolved to introduce a new stock compensation plan (hereinafter referred to as "the plan") for directors
and employees (the plan resolved for directors at the Board of Directors meeting of May 11, 2015, and theGeneral Meeting of Shareholders of June 16, 2015, and for employees at the Board of Directors meeting ofJune 16, 2015). Details of the plan have been resolved at the Board of Directors meeting held today.
Therefore, notification of these matters is hereby given, as follows.
For the content of the plan, please refer to The "Notification of the adoption of a performance-based stockcompensation plan for executives" dated May 20, 2015, and the "Notification of introduction of a stock
grant ESOP trust" dated June 16, 2015.
Details
1. Performance-based stock compensation plan for executives (Board Incentive Plan Trust: hereinafterreferred to as “BIP Trust“)[Overview of the system](1)

Type of trust

Monetary trust other than a specified solely administered monetarytrust (Third Party Beneficiary Trust)(2)

Purpose of trust

Providing incentives to the Directors of Asahi Holdings, Inc.

(3)

TrustorAsahi Holdings, Inc.

(4)

Trustee

Mitsubishi UFJ Trust and Banking Corporation(Joint trustee: The Master Trust Bank of Japan, Ltd.)(5)

Beneficiary

Directors who meet the criteria for beneficiaries(6)

Trust administrator

Third party that has no interest in Asahi Holdings (CPA)(7)

Trust indenture dateFebruary 2, 2016

(8)

Trust period

From February 2, 2016 to August 31, 2018

(9)Plan launch date

March 1, 2016(10)

Exercise of voting

Not to be exercisedrights(11)

Type of stock

Asahi Holdings’ common sharesacquired(12)

Maximum amount of

145,920,000 yen

funds for contribution(13)

Time to acquire

From February 8,2016 to March 24, 2016

shares(14)

Manner of share

To be acquired from the stock market(15)

Rights holder

Asahi Holdings, Inc.

(16)

Remaining assets

Asahi Holdings as the rights holder shall be entitled to receivable assets
remaining after deductions for stock purchases from the funds within
the scope of the fund reserved for expenses for trust assets.

[Overview of details of business associated with the Trust and stock](1)

Trust-related

It is planned that Mitsubishi UFJ Trust and Banking Corporation andbusiness

Master Trust Bank of Japan, Ltd., will be the trustees of the BIP Trust
to handle trust-related business.

(2)

Stock-related

It is planned that Mitsubishi UFJ Morgan Stanley Securities willbusinesshandle business related to transferring Asahi Holdings’ shares tobeneficiaries on an outsourcing agreement basis.

(※)

BIP (Board Incentive Plan) is an incentive plan for Directors based on Performance Share
System and Restricted Stock System in the U.S.A.

2. Performance-based stock compensation plan for employees (Employee Stock Ownership Trust:hereinafter referred to as “ESOP Trust”)[Overview of the system](1)

Type of trust

Monetary trust other than a specified solely administered monetarytrust (Third Party Beneficiary Trust)(2)

Purpose of trust

Providing incentives to employees who meet the criteria for beneficiaries(3)

TrustorAsahi Holdings, Inc.

(4)

Trustee

Mitsubishi UFJ Trust and Banking Corporation(Joint trustee: The Master Trust Bank of Japan, Ltd.)(5)

Beneficiary

Employees who meet the criteria for beneficiaries(6)

Trust administrator

Third party that has no interest in Asahi Holdings (CPA)(7)Trust indenture dateFebruary 2, 2016

(8)

Trust period

February 2, 2016 to August 31, 2018

(9)Plan launch date

March 1, 2016(10)

Exercise of voting

The trustee shall follow the instructions of the trust administrator inrights

light of the state of voting rights of beneficiaries and exercise the voting
rights of Asahi Holdings shares.

(11)

Type of stock

Asahi Holdings’ common sharesacquired(12)

Maximum amount of

275,880,000 yen

funds forcontribution(13)

Time to acquire

From February 8,2016 to March 24, 2016

shares(14)

Manner of share

To be acquired from the stock market(15)

Rights holder

Asahi Holdings, Inc.

(16)

Remaining assets

Asahi Holdings as the rights holder shall be entitled to receivable assets2

remaining after deductions for stock purchases from the funds within
the scope of the fund reserved for expenses for trust assets.
[Overview of details of business associated with the Trust and stock](1)

Trust-related

It is planned that Mitsubishi UFJ Trust and Banking Corporation andbusiness

Master Trust Bank of Japan, Ltd., will be the trustees of the ESOP
Trust to handle trust-related business.

(2)

Trust-related

It is planned that Mitsubishi UFJ Morgan Stanley Securities willbusinesshandle business related to transferring Asahi Holdings’ shares tobeneficiaries on an outsourcing agreement basis.

(※)

ESOP(Employee Stock Ownership Plan)Trust is an incentive plan based on ESOP systemin the U.S.A.

3