GMO Payment Gateway : Notice of Accrual and Exercise of Early Redemption Right under 130% Call Option Clause regarding Zero Coupon Convertible Bonds due 2023

May 21, 2021

GMO Payment Gateway, Inc.

(Tokyo: 3769)

Notice of Accrual and Exercise of Early Redemption Right under 130% Call Option

Clause regarding Zero Coupon Convertible Bonds due 2023

GMO Payment Gateway, Inc. ("GMO-PG") hereby announces that, with respect to the Zero Coupon Convertible Bonds due 2023 (the "Bonds"), the requirements of the 130 % call option clause set forth in the terms and conditions of the Bonds were fulfilled on April 21, 2021, and GMO-PG is thereby entitled to early redemption of the entire outstanding amount of the Bonds at a price equal to 100% of the principal amount on the same date.

GMO-PG has determined to exercise the right and redeem the entire outstanding amount of the Bonds.

1. Bonds to be redeemed:

2. T o t a l a m o u n t f o r r e d e m p t i o n :

3. Last day on which the Stock Acquisition Rights

	m a y b e e x e r c i s e d :
4.	R e d e m p t i o n d a t e :
5.	R e d e m p t i o n a m o u n t :

For Reference:

GMO Payment Gateway, Inc.

Zero Coupon Convertible Bonds due 2023 All of the outstanding Bonds

*Outstanding amount as of May 20, 2021 : ¥7,300,000,000 (par value)

June 16, 2021

June 21, 2021

100% of the principal amount of the Bonds

Outline of Zero Coupon Convertible Bonds due 2023

1.	D a t e o f i s s u e :	June 19, 2018
2.	Scheduled maturity date:	June 19, 2023
3.	I s s u e a m o u n t :	¥17,000,000,000 (par value)
4.	C o n v e r s i o n P r i c e :	¥7,533.6

*The initial conversion price was ¥15,106 and, in accordance with the terms and conditions of the Bonds, it was adjusted on October 1, 2018 due to a two-for-one stock split and further adjusted as previously announced on March 28, 2019, December 16, 2019 and December 21, 2020 due to extraordinary dividends, resulting in the above figure which is the currently applicable conversion price.