Notice Regarding Decision of Details of Stock Options (Stock Acquisition Rights)

Note: This English document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translation and the Japanese original, the Japanese original shall prevail.
Tosei Corporation assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

To whom it may concern

November 26, 2015

Tosei Corporation
Toranomon Tosei Building, 4-2-3 Toranomon, Minato-ku, Tokyo
President and CEO: Seiichiro Yamaguchi
Securities code: 8923 (Tokyo Stock Exchange, First Section)
S2D (Singapore Exchange, Mainboard)
Contact: Noboru Hirano, Director and CFO
TEL: +81-3-3435-2864

Notice Regarding Sale of Real Estate for Sale

Tosei Corporation (the "Company") hereby announces that it has decided the following, including the items that had been left undecided concerning the issuance of stock acquisition rights as stock options (name: Tosei Corporation Fifth Series of Stock Acquisition Rights) that was resolved at the meeting of the Board of Directors held on October 28, 2015.

  1. 1.Total number of stock acquisition rights to be issued

    5,060 units (number of ordinary shares to be delivered per stock acquisition right shall be 100 shares)

    　
  2. 2. Persons to whom stock acquisition rights are allotted and number of such persons, and number of stock acquisition rights to be allotted
    Directors of the Company Five persons (of whom two are Outside Directors),
    340 units (of which 40 are allotted to Outsider Directors)
    Executive Officers of the Company Seven persons, 490 units
    Employees of the Company 193 persons, 3,980 units
    Directors of the Company’s subsidiaries Four persons, 250 units
  3. 3. Amount to be paid in for stock acquisition rights

    i. Directors of the Company
    21,500 yen per stock acquisition right (215 yen per share)
    (The payment obligation shall offset remuneration receivable from the Company owned by Directors.)

    ii. Executive Officers and employees of the Company, and directors of subsidiaries of the Company
    Payment of money in exchange for stock acquisition rights shall not be required.

  4. 4.Value of property to be contributed upon exercise of stock acquisition rights

    80,300 yen per stock acquisition right (803 yen per share).

End