(Translation)

November 2, 2021

To Whom It May Concern:
2-70, Konan 1-chome, Minato-ku, Tokyo
JALUX Inc.
Masashi Shinohara,
Representative Director and Chief Executive Officer(Code: 2729, First Section of the Tokyo StockExchange)
Contact:
Yasuhiro Yamazaki,
Head of Corporate Planning Department(Tel: +81-3-6367-8822)
Notice Regarding Revision to Year-End Dividend Forecast for Fiscal Year Ending March 2022 (Non-Payment)
and Abolishment of Shareholder Rewards System
JALUX Inc. (the “Company”) hereby announces that it has resolved, at its board of directors’ meeting held today,to (i) revise the year-end dividend forecast for the fiscal year ending March 2022, which was announced on July 30,
2021, from “to be determined” to “non-payment” and pay no year-end dividend for the fiscal year ending March
2022, and to (ii) abolish the shareholder rewards system, in light of the scheduled commencement of a tender offer(the “Tender Offer”) for its shares of common stock (the “Company Shares”) to be conducted by SJ Future Holdings
Corporation, in which Japan Airlines Co., Ltd. (“JAL”) plans to hold a 50.50% stake and Sojitz Corporation(“Sojitz”) plans to hold a 49.50% stake, respectively (SJ Future Holdings Corporation, JAL, and Sojitz shallhereinafter be collectively referred to as the “Tender Offerors”) as described in “Notice Regarding Expression ofOpinion (to Support) with respect to the Planned Commencement of Tender Offer and Recommendation for Tender
Offer for Our Shares by SJ Future Holdings Corporation, in which Japan Airlines Co., Ltd. and Sojitz Corporation
Jointly Invest” separately announced today.
1.

Revision to Dividend Forecast(1) Reason for Revision

The Company has resolved, at its board of directors’ meeting held today, that, as its opinion as of today, it will
express an opinion to support the Tender Offer and recommend that the Company’s shareholders tender their sharesin the Tender Offer when the Tender Offer is commenced. The resolution of the board of directors was made on theassumption that the Tender Offerors intend to privatize the Company Shares through the Tender Offer and a series ofprocedures thereafter, and that the Company Shares will be delisted. For details, please refer to “Notice Regarding
Expression of Opinion (to Support) with respect to the Planned Commencement of Tender Offer andRecommendation for Tender Offer for Our Shares by SJ Future Holdings Corporation, in which Japan Airlines Co.,
Ltd. and Sojitz Corporation Jointly Invest” separately announced today.
The Company recognized that distributing profits to shareholders was an important issue for management, and its
basic policy was to make stable payment of dividends. However, according to the Tender Offerors, the purchaseprice for the Tender Offer was comprehensively determined based on the assumption that payment of year-end
dividends, with reference date of March 31, 2022, would not be made. Therefore, at the board of directors’ meetingheld today, the Company resolved that it will revise the year-end dividend forecast with reference date of March 31,2022, which was announced on July 30, 2021, from “to be determined” to “non-payment” and will pay no year-end
dividend for the fiscal year ending March 2022.

(2) Details of Revision(Reference Date)
Previous forecasts(announced on July 30, 2021)

End of 2 Quarternd

Revised forecasts
Actual dividends
in the current fiscal year
Actual dividends
in the previous fiscal year
(ending March 31, 2022)

Annual Dividend (yen)End of YearyenTotal

To be determined

yenTo be determined

0.00

0.00

0.00

0.00

0.00
0.00

2. Abolition of Shareholder Rewards System
The Company has resolved at the board of directors’ meeting held today that it will abolish the shareholder
rewards system from the shareholder reward with reference date of March 31, 2022. Accordingly, the shareholder
rewards system will be abolished after payment of the shareholder reward for the shareholders of the Company who
hold 100 or more shares of the Company as of September 30, 2021 is done. The complimentary gift certificatespresented to shareholders to date can still be used within the valid period.

End