TRANSLATION FOR REFERENCE ONLY

June 20, 2016
For Immediate Release
Company NameRepresentativeInquiries

Aplix IP Holdings Corporation
Ryu Koriyama, CEO & Representative Director(Code: 3727, TSE Mothers)
Kengo Nagahashi, Director(Tel: 050-3786-1715)

Large Scale Exercise on M-1 Series of Stock Acquisition Rights
with Conditions for Exercise Price Adjustment and Completion of Exercise
M-1 Series of Stock Acquisition Rights with Conditions for Exercise Price Adjustment, issued by the Company
stthon February 29 announced Large Scale Exercise date period from June 1 to June 20 is as follows.
In addition, due to the Large Scale Exercise, we announce that all M-1 Series of Stock Acquisition Rights withConditions for Exercise Price Adjustment have been finished to exercise.

Ⅰ. Large Scale Exercise
1. Name of security

Aplix IP Holdings Corporation
M-1 Series of Stock Acquisition Rights (withConditions for Exercise Price Adjustment)

2. Number of shares delivered from the beginning of the175,000 sharesmonth (shares)
3. Number of exercised M-1 Series of Stock Acquisition

1,750 units (10.9% of total number of units issued)

Right from the beginning of the month (units) andexercised ratio (%)
4. Number of unexercised stock acquisition rights as of

1,750 units (175,000 shares)

the end of previous month (corresponding number ofshares)
5. Current Number of un-exercised M-1 Series of Stock0 units (0 shares)

Acquisition Rights (shares)
6. Exercise status in relevant month
Number of shares delivered
Date of exercise

New shares(shares)

Transferredtreasury shares

Number of stock
Exercise price (yen)acquisition rights
exercised (units)(shares)

June 1 (Wed)――――June 2 (Thu)――――

June 3 (Fri)
June 6 (Mon)45,000――529.20

―

―

450
―

June 7 (Tue)15,000―514.80150

June 8 (Wed)15,000―511.20150

June 9 (Thu)

―

―

―

―

June 10 (Fri)

―

―

―

―

June 13 (Mon)

―

―

―

―

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 tofuture 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.

‑ 1 ‑Number of shares delivered
Date of exercise

Number of stock

Transferred

New shares

Exercise price (yen)treasury shares(shares)acquisition rights
exercised (units)(shares)

June 14 (Tue)

―

―

―

―

June 15 (Wed)

―

――

―

June 16 (Thu)

――

―

―

June 17 (Fri)60,000―405.00600

June 20 (Mon)40,000―405.90400* Number of shares issued and outstanding as of end of the month before the relevant month: 14,178,930
shares (Including treasury stocks: 16,077 shares)
7. Status concerning exercise restrictions (status of compliance with exercise restrictions under Article 434 of
the Securities Listing Regulations)(i) Total number of shares(ii) Number of listed shares as of(iii) Exercise ratio in relation toissuance payment date

exercise restrictions(shares)((i)/(ii)) (%)

delivered for all series (shares)
175,000

12,753,930

1.37

Ⅱ. Completion of M-1 Series of Stock Acquisition Rights
1. Name of security

Aplix IP Holdings Corporation
M-1 Series of Stock Acquisition Rights (with Conditionsfor Exercise Price Adjustment)thth

2. Period of Exercise

From 29 Feb 2016 to 20 June 2016

3. Number of Exercise above period

16,000 units (Exercised Shares: 1,600,000 shares)

4. Total amount of Exercise above period

924,174,000Yen
In addition, total amount including issuance of M-1
Series of Stock Acquisition Rights of 8,640,000 Yen is932,814,000 Yen.

5. Allocation

Macquarie Bank Ltd.

6. Number of un-exercised stock acquisition rights

0 units

More details about M-1 Series of Stock Acquisition Rights are referred to "Notice Concerning Issuance of M-1
Series of Stock Acquisition Rights Through Private Placement with Conditions for Exercise Price Adjustment" onth12 Feb 2016.
Disclaimer: This English translation is for reference purposes only. In the event of any discrepancy between the Japanese original
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 tofuture 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.

‑ 2 ‑