Ratings, Awards, and Recognition
MARUI GROUP established the IR Department in October 2015 and then the ESG Promotion Department in October 2016 to enhance communication with institutional investors and information disclosure. We have also identified the promotion of diversity and wellness (healthcare) management as key measures under the medium-term management plan with the aim of improving corporate value.

Global Socially Responsible Investment Indexes

Four ESG Indexes Utilized by theGovernment Pension Investment FundMARUI GROUP has been selected for inclusion in the Dow Jones Sustainability
World Index for the second consecutive year, once again making it the onlyJapanese retailer included in this index, and has also been included in the Dow
Jones Sustainability Asia Pacific Index for three consecutive years.

MARUI GROUP has been included in the FTSE Blossom Japan Index for four
consecutive years. This ESG index is meant to reflect the performance ofJapanese companies that meet various ESG-related requirements, andindustry is therefore not considered when selecting companies for inclusion.

In RobecoSAM Sustainability Yearbook 2020, a compilation of companies
displaying excellence in terms of ESG initiatives and information disclosure,
MARUI GROUP was included in the Silver Class, a step up from its inclusion inthe Bronze Class in 2019.

MARUI GROUP has been included in the FTSE4Good Index Series,*1 a series ofindexes arranged by FTSE Russell that comprise companies meeting evaluation standards pertaining to ESG factors, for four consecutive years.

MARUI GROUP was included in the MSCI ESG Leaders Indexes,*2 an ESG
stock index with high global recognition.

MARUI GROUP was selected for inclusion in the SOMPO
Sustainability Index for three consecutive years. This index
is compiled by Sompo Asset Management Co., Ltd., andused in its SOMPO Sustainable Investment Fund, whichprioritizes ESG ratings by investigation firms.

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MARUI GROUP was included in the MSCI Japan ESG Select Leaders Index*2
for the fourth consecutive year. This ESG index comprises Japanese companies with relatively high MSCI ESG Ratings in each industry selected fromamong the top 700 companies in terms of market capitalization after excluding those companies with the lowest MSCI ESG Rating of CCC.

For four consecutive years, MARUI GROUP has been included in the MSCIJapan Empowering Women Index,*2 an ESG index for Japanese stocks
consisting of companies that exhibit gender diversity excellence in eachindustry, based on the Global Industry Classification Standard, selected fromamong the top 700 companies in terms of market capitalization.

MARUI GROUP was included in the S&P/JPX Carbon Efficient Index, which
comprises companies included in the Tokyo Stock Price Index selected
through a process that entails overweighting or underweighting companies inreflection of their disclosure of environmental information and their carbon
efficiency (carbon emissions per unit of revenue).

MARUI GROUP CO., LTD., was included in the Climate
A-List, which represents the highest evaluation offered byCDP, for the second consecutive year in reflection of its
endorsement of the recommendations of the TCFD andother initiatives to address climate change and practiceinformation disclosure of a level that is high even viewed
from a global perspective.

More detailed information on these and other awards and recognition can be found on the Company’s corporate website.
www.0101maruigroup.co.jp/en/ci/award/index.html

ESG Finance Awards Japan is a program developed byJapan’s Ministry of the Environment for the purpose ofevaluating and recognizing companies engaging in ESG
finance and environmental sustainability management
initiatives. In 2020, MARUI GROUP was the only retailer toreceive a bronze award in the environmentally sustainable
company category of this award program.

MARUI GROUP’s Co-Creation Management Report 2019
integrated report and its VISION BOOK 2050 were highly
evaluated, leading the Company to receive the climatechange declaration award (Minister of the Environment
Award) for the first time in the 23rd Environmental
Communication Awards.

MARUI GROUP received an award of excellence in thespecial renewable energy proliferation category of theGreen Purchasing Award program out of reflection of its
contributions to the expansion of green purchasing
markets through initiatives such as the introduction ofrenewable energy and the issuance of the first green bonds
to be offered by a Japanese retailer.

In the 2019 Vision Awards Annual Report Competition
sponsored by League of American Communications
Professionals LLC, one of the United States’ two majorreport competitions, MARUI GROUP’s Co-Creation
Management Report 2019 was presented with a Goldaward for the first time in Company history.

Noteworthy DX Companies 2020MARUI GROUP was included among the Ministry of Economy, Trade andIndustry’s Noteworthy DX Companies 2020 based on the high recognition ofits efforts to develop stores that do not sell and the work style reforms that
underpin these efforts.

MARUI GROUP was included in the Health & Productivity
Stock Selection for the third consecutive year in 2020,
recognizing it as a company that is strategically addressing
employee health and productivity management issues
based on a management perspective. The Company wasrated highly for its wellness management initiatives.

MARUI GROUP’s Co-Creation Management Report 2019was listed under the Honors of the Integrated AR & CSR:
Traditional Format section of the Specialized Annual
Reports category of the 2020 International ARC Awards,
the world’s foremost annual report competition held on a
yearly basis by U.S. independent evaluation institution
MerComm, Inc.

MARUI GROUP received its award in the IR Good VisualAward program, which recognizes single slides from theinvestor relations presentation materials of listed companies in Japan and presents awards for single slides that
effectively communicate the corporate value of therespective company.

In 2020, MARUI GROUP earned, for the second time, thehighest rank of A in Development Bank of Japan Inc.’s DBJ
Employees’ Health Management Rated Loan Program, inreflection of the high evaluation of MARUI GROUP’spractice of wellness management—the Company’sapproach toward promoting and heightening the physicaland mental health and energy of employees.

Recognition as Excellent Integrated Report
MARUI GROUP’s co-creation management reports have been recognized asexcellent integrated reports for four consecutive years by institutions to which
the Government Pension Investment Fund outsources the management ofdomestic securities. Reasons for the selection of Co-Creation Management
Report 2019 include the high evaluation of its creativity and its clear mediumto-long-term vision.

MARUI GROUP was chosen for inclusion in the Nadeshiko
Brand for the third consecutive year due to its positioningof diversity promotion as a management strategy, its
Companywide work style reform initiatives aimed atcreating foundations for the empowerment of female
employees, and its cultivation of managers and leadersthat can leverage employee diversity.

NIKKEI Annual Report Awards 2019
In NIKKEI Annual Report Awards 2019, MARUI GROUP’s Co-Creation
Management Report 2019 integrated report received a runner-up award,
following the special award received in the previous year, based on the highscores for its senior management messages and its medium-to-long-term
financial measures.

JPX-Nikkei Index 400
MARUI GROUP was included in the JPX-Nikkei Index 400, a stock price index
composed of companies with high appeal for investors that meet requirements of global investment standards, such as efficient use of capital andinvestor-focused management perspectives.

MARUI GROUP’s new greenhouse gas emission reduction
targets, which were established in September 2019, havereceived certification from Science Based Targets,indicating that these targets are effective for keeping global
warming below 1.5°C above pre-industrial levels.

MARUI GROUP was awarded with the highest rating of goldin the PRIDE INDEX for the third consecutive year out ofrecognition of its regular LGBT sensitivity training and its
collaboration with Pride House Tokyo.

WICI Japan Award for Excellence in Integrated Reporting
MARUI GROUP’s Co-Creation Management Report 2019 received BestIntegrated Reporting Grand Prize in the 2019 iteration of the WICI Japan
Award for Excellence in Integrated Reporting program launched by WICIJapan, with the aim of promoting integrated reporting, following the Integrated
Reporting Award obtained in 2018.

The All-Japan Executive Team Rankings is a ranking ofmajor listed Japanese companies compiled by U.S.
financial industry magazine Institutional Investor, based on
votes from institutional investors and securities analysts
from around the world. In the 2020 ranking, MARUI GROUP
was included among the Most Honored Companies in theretailing sector while also being chosen for the Best CEOs
and Best ESG categories.

STOXX Climate Change Leaders Index
MARUI GROUP was selected for inclusion in the STOXX Climate ChangeLeaders Index for the second consecutive year. This index is one of a series oflow-carbon indexes developed in 2016 and the world’s first index to focus oninclusion of companies featured on CDP’s Climate A-List.

MARUI GROUP placed second for the first time in the under
1,000 employees section of the corporation category of the2019 Forbes JAPAN WOMEN AWARD. Factors cited for thisplacement included the Company’s high ratio of maleemployees taking childcare leave, high ratio of female
officers, low levels of overtime, and proactive organizationwide initiatives for empowering female employees.

In 2019, MARUI GROUP was selected for the Best IR Awardfor the second time due to high evaluations of its ongoing,
leading-edge, and sustainability-minded IR activities andthe proactive stance of the president and CFO.

*1 FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that MARUI GROUP CO., LTD.
has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituentof the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed tomeasure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. TheFTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and otherproducts.

*2 THE INCLUSION OF MARUI GROUP CO., LTD. IN ANY MSCI INDEX, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKSOR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT OR PROMOTION OF MARUI GROUP CO., LTD.
BY MSCI OR ANY OF ITS AFFILIATES. THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEXNAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI OR ITS AFFILIATES.

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