[Translation]
January 11, 2019
Company Name OYO Corporation
Representative President & CEO Masaru Narita(Code number 9755)
Contact person Director & Senior Executive Officer
Head of Administration Headquarters
Yuichi Hirashima(TEL. 03-5577-4501)

Notice on the appointment of candidates for new Outside Director and new SubstituteCorporate Auditor
At the Board of Directors meeting held on January 11, 2019, we are candidates for the 63rd term outside director
and a new vacant statutory auditor.
We have decided to appoint candidates as follows and to make them subject to our 62nd Ordinary General Meetingof Shareholders scheduled to be held on March 27, 2019.
1. Candidate for new Outside DirectorName
Date of birth
Past experience

Shoji Osaki
August 17, 1955April 1979
September 2004
March 2005
March 2006

October 2007
September 2009
March 2010
March 2012

March 2013
March 2015
Important concurrent positions

Joined SAPPORO BREWERIES LIMITED
General Manager, Marketing Department of Tokyo Metropolitan Area
Headquarters
Director of Wine and Liquor Division, SAPPORO BREWERIES LIMITED;
Director of SAPPORO WINES LIMITED
Director of Wine and Liquor Division, SAPPORO BREWERIES LIMITED;
Director of SAPPORO WINES LIMITED; President and Representative
Director of YEBISU WINEMART CO., LTD.
Director of Naka-Shikoku District Headquarters, SAPPORO BREWERIESLIMITED
General Manager, Tokai Hokuriku District Headquarters, SAPPOROBREWERIES LIMITED
Executive Officer and Director of Tokai Hokuriku District Headquarters,
SAPPORO BREWERIES LIMITED
Statutory Corporate Auditor of SAPPORO BEVERAGE CO., LTD.;
Corporate Auditor of SAPPORO BREWERIES LIMITED; Corporate Auditorof SAPPORO GROUP MANAGEMENT Co., LTD.; Corporate Auditor ofSAPPORO INTERNATIONAL INC.
Statutory Corporate Auditor of POKKA SAPPORO FOOD & BEVERAGE
LTD.
Statutory Corporate Auditor of SAPPORO HOLDINGS LIMITED (Currentposition)
None

The reason for the appointment
Mr. Shoji Osaki has held leadership positions at SAPPORO BREWERIES LIMITED and has proven track records
as a director and a corporate auditor of group companies of SAPPORO HOLDINGS LIMITED. The Company deems
his external perspective based on his past experience to be effective in further strengthening the Company’s
management structure and ensuring diversity and contributing to the enhancement of Company’s corporate
governance. Accordingly, he has been selected as a candidate for Outside Director.
Although the Company had a small amount of business transactions (less than 0.05% of the Company’s consolidatednet sales) with SAPPORO HOLDINGS LIMITED (including its group companies), Mr. Osaki fulfills theIndependence Criteria for Outside Officers of the Company.
Mr. Ozaki is a candidate for outside directors stipulated in Article 2, Item (xv) of the Companies Act, and theCompany will register him as an Independent Director as stipulated by regulations of the Tokyo Stock Exchange.

2. Candidate for newly appointed Substitute Corporate Auditor
Name
Tatsuro MatsushitaDate of birthJune 19, 1961
Past experience April 1986
Joined Nippon Life Insurance Company
March 1999
Deputy General Manager in charge of International Finance Dpt., Nippon Life
Insurance Company
March 2000

Secretary Manager of NLI Research Institute Secretary Manager (on loan)

March 2002

Deputy General Manager in charge of 3rd Corporate Finance Dept., Nippon
Life Insurance Company

June 2005

Deputy General Manager in charge of Internal Audit Dept., Nippon Life
Insurance Company
Deputy General Manager in charge of Planning Dept., Taisay Building
management Co., Ltd. (on loan)

March 2009
March 2011

Manager of Real Estate Investment Dept., Nippon Life Insurance Company

March 2013

Deputy General Manager of Real Estate Investment Dept., Nippon life
Insurance Company

April 2015

Joined the Company
General Manager of Legal Department, Administration Headquarters
Executive Officer
Head of Compliance Office (current)

April 2018
Important concurrent position

None

The reason for the appointment
Mr. Tatsuro Matsushita has served in the fields of finance and real estate at an insurance company and has experiencein areas of legal practice and compliance at the Company. Therefore, the Company deems that he will accurately
conduct audits and contribute to strengthening corporate governance with his expertise of finance and corporate legal
practice and knowledge. Accordingly, he has been selected a candidate for Substitute Corporate Auditor.

3. Scheduled date of appointment of candidates
March 27, 2019
4. Other
The selecting of the candidates mentioned above is based on the report from the Nomination and Compensation
Advisory Committee, which is a voluntary advisory body of the Board of Directors of the Company.
In addition, the Company have obtained the consent of the Board of Corporate Auditors for the candidate for theSubstitute Corporate Auditor mentioned above.