Raksul Inc.TSE: 4384

Announcement of Completion of Issuance of New Shares as Restricted Stock-Based Compensation

· Issued by Raksul Inc.

November 30, 2021

Company name:

RAKSUL INC.

Representative:

Yasukane Matsumoto

Representative Director, President and CEO

(TSE First Section Code No. 4384)

Contact:

Yo Nagami

Director, CFO

Announcement of Completion of Issuance of New Shares as Restricted Stock-Based Compensation

We hereby announce that we have completed today the process for the issuance of new shares as restricted stock-based compensation, which was resolved at the Board of Directors meeting held on November 11, 2021. For more details, please refer to "Announcement regarding Issuance of New Shares as Restricted Stock-Based Compensation" which was released on November 11, 2021.

Overview of the issuance

(1)

Payment date

November 30, 2021

(2)

Class and number of

55,120 common shares of RAKSUL INC.

shares issued

(3)

Issue price

6,830 yen per share

(4)

Total amount of

376,469,600 yen

issuance

(5)

Allottees

6 directors of RAKSUL INC.: 12,700 shares

113 employees of RAKSUL INC. and 1 employee of its subsidiary: 42,420 shares

(6)

Others

The New Share Issuance is conditioned upon the securities registration statement taking

effect in accordance with the Financial Instruments and Exchange Act.

Company analysis