Avex : Announcement Regarding Nomination of Corporate Executive

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FOR IMMEDIATE RELEASE

June 24, 2016

Company Name: Avex Group Holdings Inc. Representative: Masato Matsuura, Representative Director, CEO

(Code No. 7860 TSE 1st Section) For Inquiries: Seiichi Hatamoto, Corporate Executive

Tel: [phone]

Announcement Regarding Nomination of Corporate Executive

Today at the meeting of the Board of Directors, Avex Holdings Inc. (the "Company") made resolutions regarding the nomination of Corporate Executive that were newly established. Details are as follows.

• Election of Corporate Executive

• Reason for Electing Corporate Executive

  As stated in the "Change in the Governance System" in the "avex group growth strategy 2020" that was published on May 11, 2016, the Company is reviewing the system in which the Representative Directors concurrently execute business, so that "decision and supervision" by the Company's Board of Directors and "execution of business" by Corporate Executives are divided by delegating the execution of business to Corporate Executives. who take charge of each area. As part of its effort to clarify the responsibility of each party, the Company has determined to newly establish Corporate Executive

• Nomination of Corporate Executive (as of June 24, 2016)

  Name	Title (Concurrent Title in Group Companies)
  Takahiro Miura	Corporate Executive General Affairs & Personnel Administration
  Seiichi Hatamoto	Corporate Executive Corporate Planning
  Masahiro Anan	Corporate Executive Legal & Business Affairs (President of Avex Music Publishing Inc. and Representative Director, CEO of NexTone Inc.)
  Hajime Shibata	Corporate Executive Management Information Administration (Director of Avex Digital Inc., Director of Avex Music Creative Inc., Director of Avex Pictures Inc., Director of Avex Management Inc., Director of Avex Vanguard Inc., Director of Avex Live Creative Inc., Director of Avex Planning & Development Inc., Director of Avex Sports Inc., Director of Avex Music Publishing Inc., Director of Avex Nico Inc., Director of Avex Broadcasting & Communications Inc., Director of UULA Inc., Director of The Anime Times Company, Director of Avex Classics International Inc., Director of Avex Travel Creative Inc., Director of AWA CO. Ltd. and Director of NexTone Inc.)

  Name	Title (Concurrent Title in Group Companies)
  Yasuhiro Yamamoto	Corporate Executive (Senior Executive Director of Avex Live Creative Inc. and Director of Avex Music Creative Inc.)
  Tomoaki Sato	Corporate Executive (Director of Avex Music Creative Inc.)
  Shintaro Higuchi	Corporate Executive (Director of Avex Music Creative Inc.)
  Akira Akutsu	Corporate Executive (President of Avex Vanguard Inc.)
  Hiroaki Ito	Corporate Executive (President of Avex Management Inc.)
  Katsumi Kuroiwa	Corporate Executive (President of Avex Live Creative Inc.)
  Toshiro Hayashi	Corporate Executive (Vice President of Avex Live Creative Inc., Director of Avex Digital Inc., Director of Avex Broadcasting & Communications Inc. and President of PASS REVO Inc.)
  Yoshihito Aoki	Corporate Executive (President of Avex Planning & Development Inc.)
  Yoshiki Terashima	Corporate Executive (President of Avex Pictures Inc. and Director of The Anime Times Company)
  Hideo Katsumata	Corporate Executive (Vice President of Avex Pictures Inc. and President of The Anime Times Company)
  Hisaou Wakaizumi	Corporate Executive (President of Avex Digital Inc., President of Avex Broadcasting & Communications Inc., President of UULA Inc. and Director of AWA CO. Ltd.)
  Shinta Yoshida	Corporate Executive General Manager of Group Business Strategy of Corporate Planning (Representative Director of Avex Asia Pte. Ltd.)

• Transfer and Nomination of Corporate Executive (as of July 1, 2016)

New Title (Concurrent Title in Group Companies)	Name	Current Title (Concurrent Title in Group Companies)
Corporate Executive Officer, General Manager of International Business Support (Representative Director of Avex Asia Pte. Ltd.)	Shinta Yoshida	Corporate Executive Officer General Manager of Group Business Strategy of Corporate Planning (Representative Director of Avex Asia Pte. Ltd.)
Corporate Executive Officer	Kimitaka Kato	[Newly appointed]