Medley, Inc.TSE: 4480

Announcement of Completion of Payment for Issuance of New Shares through Third-Party Allotment

· Issued by Medley, Inc.

[Translation]

May 11, 2021

Company name:

MEDLEY, INC.

Representative:

Kohei Takiguchi

President and Chief Executive Officer

(TSE Mothers Code No.4480)

Contact:

Yuta Tamaru

Director and Head of Corporate Division

TEL: +813-6372-1265

Announcement of Completion of Payment for Issuance of New Shares

through Third-Party Allotment

MEDLEY, INC. hereby announces that the payment for the issuance of new shares through a third-party allotment (the "Third-Party Allotment"), which was resolved at the meeting of its Board of Directors held on April 26, 2021, has been completed today as described below.

(Overview of the Third-Party Allotment) (1) Number of shares issued:

(2) Issue price:

(3) Aggregate amount of issue price:

(4) Capital inclusion amount:

(5) Total capital inclusion amount:

(6) Method of offering or allotment:

(7) Allottee:

(8) Period of application:

(9) Payment date:

933,100 shares of common stock JPY 5,500 per share

JPY 5,132,050,000 JPY 2,750 per share JPY 2,566,025,000

By way of third-party allotment.

NTT DOCOMO, INC. : 933,100 shares May 11, 2021

May 11, 2021

For further information on the Third-Party Allotment, please refer to "Announcement Regarding Capital and Business Alliance with NTT DOCOMO, INC. and Issuance of New Shares through Third-Party Allotment to NTT DOCOMO, INC." announced on April 26, 2021.

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