TRANSLATION FOR REFERENCE ONLY

May 31, 2016
For Immediate Release
Company NameRepresentativeInquiries

Aplix IP Holdings Corporation
Ryu Koriyama, CEO & Representative Director(Code: 3727, TSE Mothers)
Kengo Nagahashi, Director(Tel: 050-3786-1715)

Large Scale Exercise on M-1 Series of Stock Acquisition Rights
with Conditions for Exercise Price Adjustment
M-1 Series of Stock Acquisition Rights with Conditions for Exercise Price Adjustment, issued by the Company
stston February 29 announced Large Scale Exercise date period from May 1 to May 31 is as follows.
1. Name of securityAplix IP Holdings Corporation
M-1 Series of Stock Acquisition Rights (with Conditions
for Exercise Price Adjustment)

2. Number of shares delivered from the beginning

195,000 sharesof the month (shares)
3. Number of exercised M-1 Series of Stock

1,950 units (12.2% of total number of units issued)

Acquisition Right from the beginning of themonth (units) and exercised ratio (%)
4. Number of unexercised stock acquisition rights

3,700 units (370,000 shares)

as of the end of previous month (corresponding
number of shares)
5. Current Number of un-exercised M-1 Series of

1,750 units (175,000 shares)

Stock Acquisition Rights (shares)
6. Exercise status in relevant month
Number of shares delivered
Date of exercise

New shares(shares)

May 2 (Mon)―May 6 (Fri)Transferredtreasury shares

Exercise price (yen)acquisition rights
exercised (units)(shares)―

15,000

Number of stock―――563.40150

May 9 (Mon)

―

―

―

―

May 10 (Tue)

―

―

―

―

May 11 (Wed)40,000―565.20400

May 12 (Thu)

15,000―565.20150

May 13 (Fri)

―

―

―

―

May 16 (Mon)

―

―

―

―

May 17 (Tue)10,000―551.70100

May 18 (Wed)――――May 19 (Thu)

―

―

―

―

May 20 (Fri)

―

―

―

May 23 (Mon)May 24 (Tue)15,000―――551.70

―

―

150
―

Note: This press release is provided to share information about Aplix business activities, and it is not intended to solicit investment in Aplix shares. While the materials may describe information such as forecasts related tofuture business performance, this information has been created based on the judgment of Aplix at the time the materials were created. As a result, Aplix offers no guarantee that the conditions described will come topass, and any of the information described is subject to change without notice in the future.

‑ 1 ‑Number of shares delivered
Date of exercise

New shares(shares)

May 25 (Wed)15,000Transferredtreasury shares

Number of stock
Exercise price (yen)acquisition rights
exercised (units)(shares)―

540.90150

May 26 (Thu)――――

May 27 (Fri)

―

―

―

―

May 30 (Mon)45,000―540.90450

May 31 (Tue)40,000―542.70400* Number of shares issued and outstanding as of end of the month before the relevant month: 13,983,930
shares (Including treasury stocks: 16,077 shares)
Disclaimer: This English translation is for reference purposes only. In the event of any discrepancy between the Japanese original
and this English translation, the Japanese original shall prevail. We assume no responsibility for this translation or for direct,
indirect or any other form of damage arising from the translation.

Note: This press release is provided to share information about Aplix business activities, and it is not intended to solicit investment in Aplix shares. While the materials may describe information such as forecasts related tofuture business performance, this information has been created based on the judgment of Aplix at the time the materials were created. As a result, Aplix offers no guarantee that the conditions described will come topass, and any of the information described is subject to change without notice in the future.

‑ 2 ‑