News Release:

EPS Corporation(4282 TSE 1st section)
June 23, 2014

Notice of Establishment of a Split-Preparation Company to Accompany Conversion into a Holding
CompanyOur company, in its meeting of the board of directors on June 23rd, 2014, decided to convert to a holding
company, provisionally on January 1st, 2015, and, as part of the preparation, to set up EPS Split-Preparation,
Ltd. (hereinafter referred to as the split-preparation company) as a wholly owned subsidiary. We inform thepublic of the following as detailed below. In converting our corporate structure into a holding company, weare bound to the condition of obtaining a decision of approval at our regular shareholders’ meeting to be heldin December 2014, as well as necessary approvals from the government agencies concerned. Further details
about the company split will be given after they have been decided at subsequent board meetings.

For the Record

1. Purpose of Conversion to a Holding Company
Our corporate group, in aspiring to realize our corporate philosophy of “Contributing to the developmentof the health industry through creating solutions of value,” is working toward defining the company’s(organization’s) mechanism of operation, strengthening management functions, and fully realizing theoperational and management functions of the group’s businesses.
With the expansion of business operations in recent years, our company has found that it must moreclearly define and back up the momentum, authority, and responsibility of the autonomous operations that
we have in each of our business segments. We progressed to exploring an appropriate group businessmodel.
At this time, for our corporate group to achieve further growth while maintaining the special
characteristics of each business segment, we believe it necessary to build a system that maximizes thebusiness value of the entire group. We have thus decided to convert into a holding company.

2. Outline of the Preparation Company Established in Connection with Conversion to a Holding Company
Name

EPS Split-Preparation, Co., Ltd.

Established

Early July, 2014 (tentative)

Headquarters

2-23 Shimomiyabi-cho, Shinjuku-ku, Tokyo

Representative

Hisashi Tanaka, CEO

Capital

100 million yenBusinessSupport services for clinical developments

Fiscal year end

September

Major shareholder

EPS Corporation. (100% ownership)

3. Upcoming Plans
Tentatively, in early July 2014 the preparation company will be set up, followed by signing of a contract
between our company and the split-preparation company. On the conditions that the contract is approved at
the regular shareholders’ meeting scheduled for December 2014, and that approvals are obtained from thegovernment agencies concerned, we envision having the absorption-type split take place on January 1st, 2015.
Our company plans to become a holding company of the various subsidiaries, to be responsible forcoordinating group operations and managing group integrity, and to maintain our status on the stock exchange
as a holding company.
As the content of the absorption-type split and the details of the group business model become determined,
we will make that information known immediately.

End