Mercari, Inc.TSE: 4385

Notice Regarding Approval of Application to Change Mercari’s TSE Listing to the Prime Market Segment

· Issued by Mercari, Inc.

Note: This document is an English translation of the original Japanese language document and has been prepared solely for reference purposes. No warranties or assurances are given regarding the accuracy or completeness of this English translation. In the event of any discrepancy between this English translation and the original Japanese language document, the original Japanese language document shall prevail in all respects.

To whom it may concern:

May 31, 2022

Company Name:

Mercari, Inc.

Representative:

Shintaro Yamada, Chief Executive Officer

Code: 4385; TSE Growth

Inquiries:

Jun Yokota, Senior Vice President of Corporate

Phone: +81-3-6804-6907

Notice Regarding Approval of Application to Change Mercari's TSE Listing

to the Prime Market Segment

Mercari, Inc. (the "Company") announces that as of today, it has received approval from Tokyo Stock Exchange, Inc. ("TSE") to change its listing from the Growth Market segment to the Prime Market segment, and will do so on June 7, 2022.

The Company would like to sincerely thank its shareholders and all other parties who have supported Mercari over the years, and without whom this would not have been possible.

Mercari Group will continue to work toward creating a circular economy and take on new challenges in pursuit of its mission to create value in a global marketplace where anyone can buy & sell.

The Company would once again like to thank its many supporters for their kindness, and ask for their continued support going forward.

For more details regarding the change of Mercari's listing to the Prime Market segment, please see the Japan Exchange Group's website (https://www.jpx.co.jp/english/).

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