[Translation for reference only]
ENGLISH TRANSLATION OF JAPANESE-LANGUAGE DOCUMENT
This is an English translation of the original Japanese-language document and is provided for convenience only. In all cases,
the Japanese-language original shall prevail.

June 30, 2020
Tokyu Fudosan Holdings Corporation

Results of Exercise of Voting Rights
at the 7th Ordinary General Meeting of Shareholders
1. Date of the General Meeting of Shareholders
Thursday, June 25, 2020
2. Detail of the matters resolved
Proposal No. 1:

Appropriation of surplus
The year-end dividends will be 8 yen per common share of the Company.

Proposal No. 2:

Partial amendments to the Articles of Incorporation
A provision was added to the Articles of Incorporation to enable one (1) Vice
Chairman to be newly appointed as a director with special titles.

Proposal No. 3:

Election of thirteen (13) Directors
Election of Messrs. Kiyoshi Kanazashi, Yuji Ohkuma, Hironori Nishikawa,Hitoshi Uemura, Katsuhide Saiga, Masashi Okada, Shohei Kimura, Yoichi
Ota, Hirofumi Nomoto, Koichi Iki, Makoto Kaiami, Ms. Saeko Arai, and Mr.
Michiaki Ogasawara as Directors

Proposal No. 4:

Election of one (1) substitute Audit & Supervisory Board Member
Election of Mr. Ryo Nagao as a substitute Audit & Supervisory Board Member-1-3. Number of voting rights that were exercised as the manifestation of the intention of approval,
disapproval, or abstention for the proposals to be resolved; requirements for adoption thereof; andresolution results thereof
Approval
RateResolution
ResultApproved

Disapproved

Abstained

Proposal No. 1

6,172,982

10,83116

99.45%

Approved

Proposal No. 2

6,165,875

17,90816

99.34%

Approved

Mr. Kiyoshi Kanazashi

5,730,852

383,438

65,56892.39%

Approved

Mr. Yuji Ohkuma

5,783,658

396,18316

93.24%

Approved

Mr. Hironori Nishikawa

5,802,941

313,941

62,97693.55%

Approved

Mr. Hitoshi Uemura

5,789,577

390,26416

93.33%

Approved

Mr. Katsuhide Saiga

5,789,161

390,68016

93.33%

Approved

Mr. Masashi Okada

5,789,500

390,34116

93.33%

Approved

Mr. Shohei Kimura

5,789,382

390,45916

93.33%

Approved

Mr. Yoichi Ota

5,784,403

395,43816

93.25%

Approved

Mr. Hirofumi Nomoto

5,655,785

524,055

16

91.18%

Approved

Mr. Koichi Iki

5,662,740

514,506

2,608

91.29%

Approved

Mr. Makoto Kaiami

5,988,790

191,057

16

96.54%

Approved

Ms. Saeko Arai

5,988,689

191,15816

96.54%

Approved

Mr. Michiaki Ogasawara

5,987,348

192,49916

96.52%

Approved

6,170,450

9,408

16

99.47%

Approved

Proposal No. 3

Proposal No. 4
Mr. Ryo Nagao(Notes) The requirements for adoption of each proposal are as follows:
1. The requirement for adoption of Proposal No. 1 is a majority of the affirmative voting rights ofthe shareholders present at the meeting.
2. The requirement for adoption of Proposal No. 2 is two thirds or more of the affirmative voting
rights of the shareholders present at the meeting where the shareholders holding one third or
more of the voting rights of the shareholders who are entitled to exercise their voting rights arepresent.
3. The requirement for adoption of Proposal No. 3 and Proposal No. 4 is a majority of theaffirmative voting rights of the shareholders present at the meeting where the shareholders
holding one third or more of the voting rights of the shareholders who are entitled to exercise
their voting rights are present.

4. Reason why a portion of the voting rights of the shareholders present at the meeting was notincluded in the number of voting rights
Due to the number of voting rights exercised by the date immediately before the date of themeeting and the number of voting rights of a portion of the shareholders present at the meeting
whose intention of approval or disapproval of each proposal were confirmed as the total number ofvoting rights, the requirement for adoption was satisfied and resolutions have been legally adopted
pursuant to the Companies Act. Therefore, the number of shareholder’s voting rights present at themeeting, whose intention of approval, disapproval, or abstention was not confirmed has not been
included in the calculation.
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