[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.

Securities Code: 3289
June 28, 2017
Dear Shareholders:

Yuji Ohkuma
President and Representative Director

Tokyu Fudosan Holdings Corporation
Head office:Dogenzaka 1-21-2, Shibuya-ku, Tokyo, Japan
Headquarters:
Minami Aoyama 2-6-21, Minato-ku, Tokyo, Japan

Notice of Resolutions
at the 4th Ordinary General Meeting of Shareholders
You are hereby notified that the matters below were reported and resolved at the 4th Ordinary General
Meeting of Shareholders of Tokyu Fudosan Holdings Corporation (the “Company”), which was held today.

Matters reported:
1. The Business Report, Consolidated Financial Statements, and Audit Reports for the Consolidated
Financial Statements by the Accounting Auditors and the Audit & Supervisory Board for the 4thfiscal year (from April 1, 2016 to March 31, 2017)
2. Non-consolidated Financial Statements for the 4th fiscal year (from April 1, 2016 to March 31, 2017)
The Company reported the contents of the above.

Matters resolved:
Proposal No. 1: Appropriation of surplus
This proposal was approved and adopted as originally proposed.
(The year-end dividends were decided to be 6.50 yen per common share of theCompany.)
Proposal No. 2: Election of thirteen (13) Directors
This proposal was approved and adopted as originally proposed.
(Thirteen (13) persons, namely, Messrs. Kiyoshi Kanazashi, Yuji Ohkuma, Shinji Sakaki,
Hitoshi Uemura, Katsuhide Saiga, Toshihiko Kitagawa, Hironori Nishikawa, MasatakeUeki, Hirofumi Nomoto, Yoshihiro Nakajima, Koichi Iki, Noboru Tsuda and Takashi
Enomoto were re-elected as Directors. All of them assumed their offices.)
Proposal No. 3: Election of four (4) Audit & Supervisory Board Members
This proposal was approved and adopted as originally proposed.
(Two (2) persons, namely, Messrs. Ken Sumida and Tomoyasu Asano were reelected as Audit & Supervisory Board Members, and two (2) persons, namely,Messrs. Masahiko Hashizume and Katsunori Takechi were newly elected as Audit& Supervisory Board Members. All of them assumed their offices.)
Proposal No. 4: Election of one (1) substitute Audit & Supervisory Board Member
This proposal was approved and adopted as originally proposed.
(Mr. Makoto Kaiami was elected as a substitute Audit & Supervisory Board Member.)Proposal No. 5: Decision of amount and detail of stock-based compensation, etc. for Directors andManaging Officers
This proposal was approved and adopted as originally proposed.

Payment of Dividends
The dividends resolved by the 4th Ordinary General Meeting of Shareholders (6.50 yen per common share ofthe Company) will be payable from Thursday, June 29, 2017 with the enclosed “Receipt of Year-end Dividends”
at a nearby Japan Post Bank branch or a post office. Please collect your dividends by Monday, July 31, 2017.
For shareholders who have designated a bank transfer, please find the enclosed “Dividend Statement” and“Details of Beneficiary Account for Transfer.” For shareholders who have designated the system of dividend
allotment to securities company accounts in proportion to the number of shares held, please find the enclosed“Dividend Statement” and “How to Receive Dividends.”