Announcement of Subsidiary’s Release

TOKYO, September 28, 2023 – Monex, Inc., a wholly owned subsidiary of Monex Group, Inc.,
issued the following press release today.
Attachment: Monex, Inc. press release
All Brokerage Commissions in New NISA Will Become Free of Charge

Contact: Akiko Kato
Corporate Communications OfficeMonex Group, Inc.
+81-3-4323-8698
Yuki Nakano, Taishi Komori
Investor Relations, Financial Control Dept.
Monex Group, Inc.
+81-3-4323-8698
This material was made as a matter of record only and does not constitute an offer to sell or to solicit an offer to buy
securities in the U.S.

Press Release
September 28, 2023
Monex, Inc.

All Brokerage Commissions in New NISA Will Become Free of ChargeMonex, Inc. (headquarters; Minato-ku, Tokyo; Representative Director and President: Yuko
Seimei; hereinafter, Monex) is pleased to announce that, in response to the start of New NISA
program (Nippon Individual Savings Account; a Japanese tax-exemption program) beginning in2024, Monex will make brokerage commissions of all products available (Japanese equities, USequities, Chinese equities and mutual funds) in New NISA account free of charge*1. This
commission-free program is also applicable to the customers who sells assets held in the current
NISA account after 2024.
As a result of this commission-free program, Monex estimates that approximately 67% ofcustomers, who trade Japanese equities, US equities or utilize periodic purchasing plan ofmutual funds at Monex, will be able to trade for free (see *2 for calculation conditions).
In addition to this commissions-free program, customers who newly open a New NISA accounton Monex and use their Monex Card to utilize periodic purchasing plan of their mutual funds
are eligible for a point reward rate of 2.2%, up from the standard 1.1% (a rate to transactionvalue). Monex also launched a special website to provide individual investors with a beneficial
information about New NISA.
■BackgroundEver since its establishment, Monex has worked to create an optimal investment environment
for individual investors by providing a diverse range of services. With information and othertools not available at other companies, we are working to offer high-quality products andservices that prioritize customers’ investment return.
The reform in NISA program makes it much easier for individual investor who has neverinvested before to start trading and investing. As we believe that it is important for individual
investors to start investing at a reasonable cost and that they can increase their investment return
as a result of asset management, we have decided to waive brokerage commissions for theproducts available in NISA program; Japanese equities, US equities, Chinese equities andmutual funds.
We believe dollar-cost averaging method for mutual funds is one effective means to diversify itsportfolio in terms of regions and times and increase returns for individual investors. Based on
the idea above, we are also increasing the Monex Card point reward rate on periodic purchasingplan of mutual funds.
*1 The New NISA program only handles cash transactions for Japanese equities, US equities and Chinese equities.

Furthermore, brokerage commissions for US equities (only Japan-side commissions) and Chinese equities are1

essentially free of charge with cash-back rebates. Different commission table will be applied to customers whoutilizes Independent Financial Advisor service.
*2 Based on the transactions data of individual customers on Monex who trade either Japanese equities, US equities,

or mutual funds, and whose annual transaction value of Japanese equities and US equities is 2.4 million yen or less,and whose annual transaction value of mutual funds is 1.2 million yen or less from January 2022 to December
2022.

■Summary
Initiatives on the following chart will be available for both the current and New NISA program.
1. Commission-free program for NISA accountBrokerage commissions for the five products in NISA account will become free of charge
starting from January 2024.

2023<Monex NISA commissions >Japanese equities(cashtransactions)Japanese equities(odd-lottransactions)

US equities

Chinese equities

Mutual funds

Free of charge,
both purchase andsale

Only purchasecommission freeof charge

Japan purchasecommission
essentially free ofcharge

Only purchasecommission freeof charge

Free of charge,
both purchase andsale

2024 ~

Free of charge, both purchase and sale!*< New NISA commissions of major online securities firms* from 2024>
SBI Securities

Rakuten
Securities

Assets held in thecurrent NISA accountChargescommissions--Japanese equities(cash transactions)

FreeFreeFree

Japanese equities(odd-lot transactions)

FreeFreeFree

Only ETF
purchases free,
fee for othertransactions

Only ETF
purchases free,
fee for othertransactions

Chinese equities

Only ETF
purchases free,
fee for othertransactions

Only ETF
purchases free,
fee for othertransactions

Not available

Mutual funds

FreeFreeFreeMonex

US equities

Free ofcharge!

au Kabucom
Securities

Not disclosed* According to a Monex survey dated September 28, 2023. Major online brokerages are defined as
au Kabucom Securities, SBI Securities, Matsui Securities, Rakuten Securities and Monex.

2MatsuiSecurities

Free2. Increase in point reward rate for periodic purchasing plan of mutual funds in NISAaccountAs part of our Monex New NISA Super Customer Support Program (Phase 1), Monex will
significantly increase the point reward rate for periodic purchasing plan of mutual funds inNISA account by utilizing the Monex Card, a credit card, to a maximum of 2.2%.
For customers who open a NISA account and start periodic purchasing plan of mutual fundswith a Monex Card after October 2023, the point reward rate will be 2.2%, double the current
rate of 1.1%. Furthermore, the point reward rate will be increased to 1.5% for customers whoalready have a NISA account on Monex and utilizes periodic purchasing plan of mutual fundswith their Monex Card.
- Customers who newly open NISA account or transferred assets from other companies
Point reward rate: 2.2%
Target period: Monday, October 2, 2023 – Monday, September 30, 2024

- Customers who already have NISA account on Monex and utilizes periodic purchasing plan ofmutual funds with Monex Card
Point reward rate: 1.5%
Target period: Thursday, January 4, 2024 – Monday, September 30, 2024
* 1.0% reward rate for shopping except for investment trust accumulation

3. Launched a special website for New NISA program
Monex launched a New NISA special website to deliver a wide range of information about theNew NISA program.
New NISA Special Site (Japanese Only)
https://info.monex.co.jp/stock/fee.html

3