TRANSLATTION FOR REFERENCE
RE ONLYMarc
ch 25, 2015
5
For Immeddiate Release
Comppany NameRepre
esentative
Inquiriies

Aplix IP Holdings Corpooration
Ryu Koriyyama, CEO & Representativ
ve Director(Code: 37727, TSE Mothhers)
Ryu Koriyyama, CEO & Representativ
ve Director(Tel: 050-3786-1715)

Notice Concernin
ng Issuanc
ce of New Shares / D-1
D to D-3 series
sof ssubscriptio
on rights
to sharess through private placement ((Target Isssue Progra
am “TIP” ssubject to Issuer’s
approvval for exeercise) andd completion of proceeds fromm issuancce price for newsharess and subs
scription rights
rto shares

The Comp
pany announ
nces that it coonfirmed on M
March 25, 2015, the comppletion of paym
ments for thee total
issuance am
mount of neww shares (303,000,000 yenn) and that for subscription
n rights to shaares (3,155,0000 yen),regarding ne
ew shares via
a private plac
cement throug
gh Deutsche Bank AG, Lo
ondon Branchh (hereinafterr referred toas “new shaares”), and the issuance of Aplix IP Holldings Corporation’s D-1 through D-3 ssubscription rights
rtoshares (hereeinafter referrred to as “subbscription rig hts to sharess”) that were passed
pby reesolution at thhe Board ofDirectors me
eeting on Ma
arch 9, 2015.
Please reffer to Notice Concerning Issuance
Iof N
New Shares, Conclusion ofo Stock Acquuisition Agreeement andIssuance off D-1 through D-3 Subscrip
ption Rights tto Shares andd Agreementt to Acquire S
Subscription Rights
Rtoogram “TIP” subjectsto isssuer’s approv
val for exercisse) dated Marrch 9, 2015, forf details
Shares (Tarrget Issue Pro
regarding th
he issuance ofo new sharess and subscriiption rights to shares.

etion of paym
ment on the isssuance of ne
ew shares annd subscriptio
on rights to shhares throughh private
Compleplacemment<Overview oof new shares issuance>
1.

(1)

Payme
ent date

h 25, 2015
March(2)Numbe
er of new sha
ares issued

200,0000 common shares(3)

Issue pprice

1,515
5 yen per sha
are(4)

Total aamount of issuance

303,0000,000 yen

(5)

Amoun
nt of capitalization

757.5
5 yen per shaare(6)

Total aamount of cap
pitalization

151,5
500,000 yen(7)

Subscrription or allotment methodThrou
ugh private placement(8)

Allotteee

Deutssche Bank AG
G, London Branch 200,0000 shares

unt of shares issued and capitalcraisedd through thiss private place
ement of shaares><Total amou
Total numbe
er of outstandding shares
before capita
al increase

12,55
53,930 sharess (capital prioor to increasee: 13,264,700
0,000 yen)

Additional number of sha
ares throughease
capital incre

200,0000 shares (aadditional cap
pital: 151,5000,000 yen)

Total numbe
er of outstandding shares after
acapital increease

12,75
53,930 sharess (capital afte
er increase: 113,416,200,000 yen)

Note: This press releasse is provided to share innformation about Aplix buusiness activities, and it iss not intended to solicit innvestment in Aplix shares. While the materials maay describe information suchs
as forecasts related
dto future business perfo
ormance, this informationn has been created baseed on the judgment of Applix at the time the materiials were created. As a reesult, Aplix offers no guaarantee that the condition
ns described will come toopass, and any of the infformation described is su
ubject to change without notice in the future.

2.

Issuance of subscription rights to shares through private placement and completion of payment for theissuance amount of subscription rights to new shares<Overview of the issuance of subscription rights to shares>(1)

Allotment date

March 25, 2015

(2)

Number of subscription
rights to shares issued

1,500,000 units
D-1 series subscription rights to shares 500,000 units
D-2 series subscription rights to shares 500,000 units
D-3 series subscription rights to shares 500,000 units(3)

Issuance priceTotal amount: 3,155,000 yen (D-1 series subscription rights to shares:
2.34 yen per unit; D-2 series subscription rights to shares: 2.02 yen perunit; D-3 series subscription rights to shares: 1.95 yen per unit)(4)

Number of dilutive shares asa result of this issuance

1,500,000 shares (One share per one unit of subscription rights to shares)
D-1 series subscription rights to shares:
No upper limited to exercise price
Lower limit to exercise price 1,515 yen
D-2 series subscription rights to shares:
No upper limited to exercise price
Lower limit to exercise price 1,515 yen
D-3 series subscription rights to shares:
No upper limited to exercise price
Lower limit to exercise price 1,515 yen(5)Subscription or allotment
methodPrivate placement(6)

Allottee

Deutsche Bank AG, London Branch[Reference]*
Target Issue Program “TIP” subject to Issuer’s approval for exercise
This program involves three series of subscription rights to shares with three different strike prices set basedon the Company’s target price for issuing new shares (see table below). The Company has set three different
strike prices for each series of subscription rights to shares on the expectation that it would be able to issue
new shares in stages (target issue) in line with a rise in the Company’s share price in the future. Deutsche BankAG, London Branch is not allowed to exercise the subscription rights to shares without the Company’s approval.
Deutsche Bank AG, London Branch, must exercise the subscription rights to shares within the prescribed limit
set for the number of shares to be issued and the time period provided under the issuer’s approval under theexercise clause. The Company will make a decision to grant its approval to exercise the subscription rights toshares based on its funding requirements and market conditions. The Company will disclose every approval itgrants. In principle, the strike price of subscription rights to shares is fixed at the target price, but the Company
has the option to reset the strike price when 1) the Company’s share price rises drastically above the fixedstrike price during the exercise period, or 2) urgent fund raising needs arise. The characteristics of the Target
Issue Program (TIP) is that the exercise price is fixed at where it was reset after the Company decides to resetthe exercise price, so in other words, the strike price does not become a Moving Strike Price (the strike pricefluctuates in line with changes to the daily stock price). In addition, Article 410, paragraph 1 of the Securities
Listing Regulations as established by the exchanges and Article 2, item 2 entitled “MSCB, etc.” of the Rules
Concerning Handling of Allotment of New Shares To Third Party, etc. established by the Japan Securities
Dealers Association do not apply to this program, given that the frequency of the reset made to the exercise
price is less than once in six months.
Note: This press release is provided to share information about Aplix business activities, and it is not intended to solicit investment in Aplix shares. While the materials may describe information such as forecasts related
to future business performance, this information has been created based on the judgment of Aplix at the time the materials were created. As a result, Aplix offers no guarantee that the conditions described will come topass, and any of the information described is subject to change without notice in the future.

D-1 series
subscription rights toshares

D-2 series
subscription rights toshares

D-3 series
subscription rights toshares

500,000

500,000

500,000

1,170,000 yen

1,010,000 yen

975,000 yen

Number of shares issued
Total issuance amountIssuance price2.34 yen

2.02 yen

1.95 yen

Exercise price1,800 yen

1,900 yen

2,000 yen

Items for “revision to exercise price”
Exercise request period
Clause on approval to exercise

Yes

Yes

Yes

3 years

3 years

3 years

Yes

Yes

Yes

Disclaimer: This English translation is for reference purposes only. In the event of any discrepancy between the Japaneseoriginal and this English translation, the Japanese original shall prevail. We assume no responsibility for this translation or for
direct, indirect or any other form of damage arising from the translation.

Note: This press release is provided to share information about Aplix business activities, and it is not intended to solicit investment in Aplix shares. While the materials may describe information such as forecasts related
to future business performance, this information has been created based on the judgment of Aplix at the time the materials were created. As a result, Aplix offers no guarantee that the conditions described will come topass, and any of the information described is subject to change without notice in the future.