English Translation
This is a translation of the original release in Japanese. In the event of any discrepancy, the original release in Japanese shall prevail.

July 9, 2019
To whom it may concern:
Company name:Sansan, Inc.

Representative:

Chikahiro Terada, CEO(Code: 4443 TSE Mothers)

Contact:

Muneyuki Hashimoto, CFO

TEL:+81-3-6758-0033

Notification Regarding the Results of the Issuance ofNew Shares by Allotment to a Third Party
We are pleased to announce that, with regard to the issuance of new shares by allotment to a third partyof 1,126,500 shares of common stock of Sansan, Inc. (the "Company") which was approved at themeetings of the Board of Directors held on May 16 and 30, 2019, we were informed from Nomura
Securities Co., Ltd., who is the underwriter, that it would accept the allotment of 1,126,500 shares ofcommon stock of the Company.
In regard to the issuance of new shares through public offering and secondary offering of shares throughpurchase and underwriting by the underwriter in connection with the listing of common stock of theCompany on TSE Mothers, we made a secondary offering of 1,126,500 shares of common stock of theCompany through Nomura Securities Co., Ltd. as a distributor (hereinafter referred to as the "secondaryoffering of shares through over-allotment").
The issuance of new shares by allotment to a third party is, with regarding to the secondary offering ofshares through over-allotment, made to Nomura Securities Co., Ltd. for the purpose of returningcommon stocks of the Company borrowed from Mr. Chikahiro Terada who is a shareholder of theCompany.

1. Outline of the issuance of shares for subscription(1) Number of shares for subscription

Common stock of the Company(2) Amount to be paid inPer share(3) Total amount to be paid in(4) Allotment pricestated capital and additional paid-in

3,400 yen
3,830,100,000 yen

Per share(5) Total allotment price(6) Matters concerning the amount of

1,126,500 shares

4,207.50 yen
4,739,748,750 yen

Per share of stead capital to beincreased
12,103.75 yen

English Translation
This is a translation of the original release in Japanese. In the event of any discrepancy, the original release in Japanese shall prevail.

capital to be increased
Per share of additional paid-in

2,103.75 yencapital to be increased(7) Underwriter and the number ofNomura Securities Co., Ltd.

1,126,500 sharesshares allotted(8) Unit of shares for subscription

100 shares(9) Subscription date

Tuesday, July 16, 2019(10) Payment date

Wednesday, July 17, 2019

(Note) The amount to be paid in is the amount prescribed in Item 2 of Paragraph 1 of Article 199 of
the Companies Act, and the allotment price is the amount to be paid in by the underwriter and theprice is the same amount as the underwriting amount of the shares issued and sold in connection withthe listing on TSE Mothers.

2. Changes in the total number of outstanding shares and the stated capital as a result of theissuance of new shares by allotment to a third party
Total number of shares currently outstanding

29,932,353 shares（Current stated capital

3,864,376,621 yen）

Number of shares to be increased by issuance of new shares（Stated capital to be increased

1,126,500 shares
2,369,874,375 yen）

Total number of outstanding shares after issuance of new shares（Stated capital after capital increase

31,058,853 shares
6,234,250,996 yen）

3. Use of proceeds
As stated in the “Amendment Report of the Securities Registration Report,” which was disclosed on June
10, 2019, the proceeds of 4,739,748 thousand yen from the issuance of new shares by allotment to athird party are scheduled to be used marketing expenses such as advertising and sales promotion,
personnel costs and recruiting costs as working capital respectively.

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