Mercari : Notice Regarding Recording of Extraordinary Losses in Non-Consolidated Earnings

About this update from 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. April 19, 2022 To whom it may concern: Company Name: Mercari, Inc. Representative: Shintaro Yamada, Chief Executive Officer Code: 4385; TSE Growth Enquiries: Jun Yokota, Senior Vice President of Corporate Phone: +81-3-6804-6907 Notice Regarding Recording of Extraordinary Losses in Non-Consolidated Earnings Mercari, Inc. (the "Company") recorded extraordinary losses in non -consolidated earnings for FY2022.6 Q2. 1. Extraordinary Losses Non-consolidated In its non-consolidated financial statements for FY2022.6 Q2, the Company recorded impairment on its shares of affiliates, resulting in extraordinary losses of 3,837 million yen (of which, Souzoh, Inc. accounted for 2,806 million yen) on valuation of said shares. 2. Impact on Business Results The losses have no impact on consolidated profit and loss as they are offset on a consolidated basis. 1

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