DeNA : (Revision) Notice Regarding Simple Share Exchange to Make Nippontect Systems Co., Ltd. a Group Company

The following information was originally prepared and published by DeNA Co., Ltd. in Japanese as it contains timely disclosure materials to be submitted to the Tokyo Stock Exchange. This English translation is for your convenience only. To the extent there is any discrepancy between this English translation and the original Japanese version, please refer to the Japanese version.

	July 8, 2021
Company name:	DeNA Co., Ltd.
	(TSE First Section Stock Code: 2432)
Name of representative:	Shingo Okamura, President & CEO
Contact person:	Jun Oi, CFO, Head of Corporate Unit
Tel.:	03-6758-7200

(Revision) Notice Regarding Simple Share Exchange to Make Nippontect Systems Co., Ltd. a Group Company

DeNA Co., Ltd. would like to announce the following regarding the "Notice Regarding Simple Share Exchange to Make Nippontect Systems Co., Ltd. a Group Company" made available on July 2, 2021.

1. Reason for the revision
   This disclosure provides additional information and revisions in accordance with the disclosure format provided by the Tokyo Stock Exchange. There is no revision to the number of DeNA treasury shares (1,465,173 shares) to be furnished in the share exchange.
2. Details of the revision
   The revised sections are underlined.

Prior to revision
"2. Summary of the share exchange, (3) Allotment in this share exchange"
		DeNA Co., Ltd.	Nippontect Systems Co., Ltd.
		(Wholly-owning parent company	(Wholly-owned subsidiary
		through the share exchange)	through the share exchange)
	Share exchange allotment ratio for	1	0.0057
	common stock
	No. of shares furnished in share	DeNA treasury shares: 1,465,173 shares
	exchange

"3. Approach to calculation of allotment content for this share exchange, (2) Items relating to calculation" The calculation results and valuation range of the share exchange ratio when the share value per share of DeNA's stock is set at 1 are as follows.

Adopted method		Calculation Results for the
DeNA		Nippontect Systems	Share Exchange Ratio
Market price method		DCF method	0.0056 - 0.0060

Post revision

"2. Summary of the share exchange, (3) Allotment in this share exchange"

			DeNA Co., Ltd.	Nippontect Systems Co., Ltd.
			(Wholly-owning parent company	(Wholly-owned subsidiary
			through the share exchange)	through the share exchange)
Share exchange	allotment	ratio for	1	175.26
common stock*
No. of shares	furnished	in share	DeNA treasury shares: 1,465,173 shares
exchange

*This is the number of DeNA (wholly-owning parent company through the share exchange) shares to be allotted per share of Nippontect Systems (wholly-owned subsidiary through the share exchange). DeNA plans to furnish 175.26 shares of treasury stock per share of Nippontect Systems.

"3. Approach to calculation of allotment content for this share exchange, (2) Items relating to calculation" The calculation results and valuation range of the share exchange allotment ratio for common stock*are as follows.

Adopted method		Calculation Results for the
DeNA		Nippontect Systems	Share Exchange Ratio
Market price method		DCF method	166.71 - 178.87

*This is the number of DeNA (wholly-owning parent company through the share exchange) shares to be allotted per share of Nippontect Systems (wholly-owned subsidiary through the share exchange).

For inquiries please contact:

IR Department ([e-mail])

DeNA Co., Ltd. (https://dena.com)