[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, 2021
Tokyu Fudosan Holdings Corporation

Results of Exercise of Voting Rights
at the 8th Ordinary General Meeting of Shareholders

1. Date of the General Meeting of Shareholders
Friday, June 25, 2021
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:

Election of fifteen (15) Directors
Election of Messrs. Kiyoshi Kanazashi, Yuji Ohkuma, Hironori Nishikawa,Hitoshi Uemura, Katsuhide Saiga, Masashi Okada, Shohei Kimura, Yoichi
Ota, Hirofumi Nomoto, Makoto Kaiami, Ms. Saeko Arai, Messrs. Michiaki
Ogasawara, Satoshi Miura, Tsuguhiko Hoshino, and Ms. Yumiko Jozuka asDirectors

Proposal No. 3:

Election of four (4) Audit & Supervisory Board Members
Election of Messrs. Kazuo Mochida, Masahiko Hashizume, Katsunori Takechi, andTakahiro Nakazawa as Audit & Supervisory Board Members

Proposal No. 4:

Election of one (1) substitute Audit & Supervisory Board Member
Election of Mr. Ryo Nagao as a substitute Audit & Supervisory Board Member

Proposal No. 5:

Partial Amendment and Continuation of the Stock-based Compensation System forDirectors, etc.
With regard to the stock-based compensation system for Directors, etc. of theCompany, which was introduced pursuant to a resolution at the 4th Ordinary General
Meeting of Shareholders, the eligible recipients under the system, the maximum total
number of points to be awarded to the eligible recipients, the timing of the delivery ofthe Company’s shares to the eligible recipients, and other matters are amended. The
duration of the system is extended until the fiscal year ending March 31, 2026.

-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
Approved Disapproved
Abstained(voting rights) (voting rights) (voting rights)
Proposal No. 1Approval
RateResolution
Result5,947,474

12,25016

99.76%

Approved

Mr. Kiyoshi Kanazashi

5,664,847

294,81416

95.02%

Approved

Mr. Yuji Ohkuma

5,745,130

214,53316

96.36%

Approved

Mr. Hironori Nishikawa

5,705,229

254,432

16

95.69%

Approved

Mr. Hitoshi Uemura

5,746,075

213,58816

96.38%

Approved

Mr. Katsuhide Saiga

5,745,939

213,724

16

96.38%

Approved

Mr. Masashi Okada

5,746,331

213,332

16

96.38%

Approved

Mr. Shohei Kimura

5,874,597

85,06616

98.53%

Approved

Mr. Yoichi Ota

5,874,582

85,081

16

98.53%

Approved

Mr. Hirofumi Nomoto

5,649,359

310,30216

94.76%

Approved

Mr. Makoto Kaiami

5,938,741

20,922

16

99.61%

Approved

Ms. Saeko Arai

5,940,126

19,537

16

99.63%

Approved

Mr. Michiaki Ogasawara

5,937,271

22,392

16

99.59%

Approved

Mr. Satoshi Miura

5,944,351

15,31316

99.71%

Approved

Mr. Tsuguhiko Hoshino

5,947,200

12,46416

99.75%

Approved

Ms. Yumiko Jozuka

5,947,039

12,6251699.75%

Approved

Mr. Kazuo Mochida

5,757,974

201,67716

96.58%

Approved

Mr. Masahiko Hashizume5,874,824

84,83316

98.54%

Approved

Mr. Katsunori Takechi5,952,244

7,414

1699.84%

Approved

Mr. Takahiro Nakazawa

5,952,332

7,326

1699.84%

Approved

Mr. Ryo Nagao

5,952,517

7,226

1699.84%

Approved

Proposal No. 5

5,880,709

79,0281698.64%

Approved

Proposal No. 2

Proposal No. 3

Proposal No. 4(Notes) The requirements for adoption of each proposal are as follows:• The requirement for adoption of Proposal No. 1 and Proposal No. 5 is a majority of theaffirmative voting rights of the shareholders present at the meeting.
• The requirement for adoption of Proposal No. 2, Proposal No. 3, and Proposal No. 4 is a majorityof 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 are present.

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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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