Announcement of Subsidiary’s Release

TOKYO, December 3, 2019 – Monex, Inc., a fully owned subsidiary of Monex Group, Inc., issued
the following press release today.

Attachment: Summary of Monex, Inc. press releaseMonex to make transaction fee for the purchase of mutual funds substantially free- Commissions for margin trading of all the ETFs and REITs will also be substantially free -Akiko Kato
Atsushi Demoto, Yuki Nakano
Corporate Communications Office
Investor Relations, Financial Control Department
Monex Group, Inc.
Monex Group, Inc.
+81-3-4323-8698+81-3-4323-8698This material is an English translation of a Japanese announcement made on the date above. Although the Company intended
to faithfully translate the Japanese document into English, the accuracy and correctness of this English translation is notguaranteed and thus you are encouraged to refer to the original Japanese document. This translation was made as a matter ofrecord only and does not constitute an offer to sell or to solicit an offer to buy securities in the U.S.
Contact:

Press ReleaseMonex to make transaction fee for the purchase of mutual funds
substantially free- Commissions for margin trading of all the ETFs and REITs will also be substantially free -TOKYO, December 3, 2019 - Monex, Inc. (Headquarters: Minato-ku, Tokyo; Representative Directorand President: Yuko Seimei, hereinafter “Monex”) announced today that it will refund all thetransaction fees (including tax) charged customers for the purchase of mutual funds from Monday,
January 6, 2020 (scheduled). Also, it will give customers full cash-back of the brokerage commission
fees (including tax) for margin trading of ETFs, REITs and other fund-type listed products than stocks
from Monday, December 9, 2019 (scheduled).
About 70% of the mutual funds that are currently available at Monex is no-load (no commission forpurchase) mutual fund. Introducing the cash-back program to the remaining mutual funds at Monex,
customers will be able to purchase all the mutual funds substantially without commissions. In addition,
margin trading for all the ETFs and REITs (roughly 330 brands) currently listed on the Tokyo Stock
Exchange will become commission free with this cash-back program.
Monex strives to transform its business structure from the existing brokerage service model, wherecustomers pay commissions to transaction of financial instruments, to the asset-management model
where Monex earns revenues by providing wealth creation and asset management services to its
customers.
With the introduction of the commission free tradings, Monex will further enhance the transformationof its business structure by offering better environment for customers to trade and creating value-added
services that enhance growth in customers’ assets.
As outlined in “For Creative Minds,” a brand statement announced by Monex Group in November
2018, Monex is committed to proposing innovative, “future finance,” with a creative mindset,
leveraging new ideas and perspectives that go beyond the traditional framework.

Contacts:Tadashi Fukushima, Maho Tsugawa
Public Relations Office, Monex, Inc.
+81-3-4323-3981

This material is an English translation of a Japanese announcement made on the date above. Although theCompany intended to faithfully translate the Japanese document into English, the accuracy and correctnessof this English translation is not guaranteed and thus you are encouraged to refer to the original Japanese
document. This translation was made as a matter of record only and does not constitute an offer to sell orto solicit an offer to buy securities outside Japan.