NOTICE REGARDING SOFTBANK VISION FUND INFORMATION CONTAINED IN SBG’S ANNUAL REPORTSoftBank Group Corp.’s annual report (the “Annual Report”) is furnishedto you for informational purposes and is not, and may not be relied on inany manner as, legal, tax, investment, accounting or other advice or as anoffer to sell or a solicitation of an offer to buy limited partnership orcomparable limited liability equity interests in SoftBank Vision Fund L.P.
(together with, as the context may require, any parallel fund, feeder fund,co-investment vehicle or alternative investment vehicle, “SVF” or the“Vision Fund”) or any future fund managed by SB Investment Advisers (UK)Ltd. (the “Manager” or “SBIA”) or any affiliates thereof.
For the avoidance of doubt, the Vision Fund is a prior fund managed by
SBIA which is not being offered to investors. Information relating to theperformance of the Vision Fund or any other entity referenced in the Annual
Report has been included for background purposes only and should not beconsidered an indication of the future performance of the Vision Fund, anyother entity referenced in the Annual Report or any future fund managed bySBIA. References to any specific investments of the Vision Fund, to theextent included therein, are presented to illustrate the Manager’s investment
process and operating philosophy only and should not be construed as arecommendation of any particular investment or security. The investment
performance of individual investments in the Vision Fund may vary and theperformance of the selected transactions is not necessarily indicative of theperformance of all of the applicable prior investments. The specific investments identified and described in the Annual Report do not represent all of
the investments made by the Manager, and no assumption should be madethat investments identified and discussed therein were or will be profitable.
The Vision Fund performance in the Annual Report is based on unrealized valuations of portfolio investments. Valuations of unrealized invest-ments are based on assumptions and factors (including, for example, as ofthe date of the valuation, average multiples of comparable companies, andother considerations) that the Manager believes are reasonable under thecircumstances relating to each particular investment. However, there can beno assurance that unrealized investments will be realized at the valuations
indicated in the Annual Report or used to calculate the returns contained
therein, and transaction costs connected with such realizations remain
unknown and, therefore, are not factored into such calculations. Estimatesof unrealized value are subject to numerous variables that change overtime. The actual realized returns on the Vision Fund’s unrealized investments will depend on, among other factors, future operating results, thevalue of the assets and market conditions at the time of disposition, anyrelated transaction costs and the timing and manner of sale, all of which
may differ from the assumptions and circumstances on which the Manager’s valuations are based.
Past performance is not necessarily indicative of future results. The
performance of the Vision Fund or any future fund managed by theManager may be materially lower than the performance information
presented in the Annual Report. There can be no assurance that the Vision
Fund or any future fund managed by the Manager will achieve comparable
results as those presented therein.
The actual realized return on unrealized investments by the Vision Fundmay differ materially from the performance information indicated in theAnnual Report. No assumption should be made that investments identified
and discussed in the Annual Report were or will be profitable, or thatinvestments made in the future will be comparable in quality or performanceto the investments described therein.