August 8, 2024

Company Name:

GMO Internet Group, Inc.
(TSE Prime Market, Code: 9449)

Address:

26-1 Sakuragaoka-cho, Shibuya-ku, Tokyo, JAPAN

Representative:

Masatoshi Kumagai, Founder, Chairman and Group CEO

Contact:

Masashi Yasuda, Director, Executive Vice President and Group
CFO, Deputy to Group CEO, Head of Group Management
Division

Telephone:+81 3 5456 2555

URL:

https://www.gmo.jp/en

Notice of Expansion of Share Repurchase Limit (up to JPY 5.0 billion)(Acquisition of treasury stock pursuant to Article 459-1 of the Japanese Companies Act andthe company’s Articles of Incorporation)
GMO Internet Group, Inc. (“the Company”) , in accordance with the provisions of Article 459, Paragraph 1 of theCompanies Act and the Company's Articles of Incorporation, at its Board of Directors meeting held on February
13, 2024,had decided on matters pertaining to the acquisition of its own shares , and today the Company
decided to expand the acquisition limit, as follows.
1. Reasons for the Expanding Acquisition of Treasury Stock
The Company revised its Total Shareholder Returns Policy as of the 12/2016 fiscal year. Under the new policy,
the company aims to return 50% of the profits to shareholders. The company’s target dividend payout ratio
remains at a minimum of 33% of profit attributable to owners of the parent, while we will aim to allocate theremainder of the 50% of profit attributable to owners of the parent to the acquisition of treasury stock after
taking into consideration business results and financial condition, and taking a flexible approach in accordancewith the share price.
Regarding the acquisition of treasury stock, as announced in the press release "Notice of Revision toShareholder Returns Policy with Long Term Share Buyback Plan" published on July 30, 2015, our goal is toacquire approximately 38.35 million shares, which is the number of shares issued when the capital has been
increased due to withdrawal from loan credit business from 2006 to 2007. The number of the company's own
common shares that have been acquired since the establishment of the target is approximately 12.68 million
shares (as of today), and the rate of progress is 33.1%.
This time, based on the Total Shareholder Returns Policy , the Company has decided to expand its share
repurchase program in order to improve capital efficiency, increase corporate value, and accelerate theimplementation of these goals.
We will retire our shares repurchased, which is equivalent to 17% (=50-33) of profit attributable to owners of theparent.
2. Details of the expansion of Acquisition (changes are underlined)(1) Type of shares to be acquired
GMO Internet Group common shares(2) Total number of shares to be
Up to 2.9 million shares (an increase of 1.8 million shares fromacquired
the previous resolution )% of outstanding shares (excluding treasury shares): 2.73%(3) Total cost of share acquisition
Up to JPY 5.0 billion (2.59 billion yen increase from the previousresolution)(4) Acquisition period
February 14, 2024, through to February 7, 20251

(5)Method of repurchase

Open market purchase on the Tokyo Stock Exchange(Reference) Treasury Share Ownership as of June 30, 2024
Number of Outstanding shares (excluding treasury shares)
Treasury shares

2106,161,470
3,015,085