Translation of the Japanese press release

JAFCO Group Co., Ltd. (Ticker: 8595)

Contact: Investor Relations

1-23-1 Toranomon, Minato-ku,

Tel: +81-50-3734-2025

Tokyo 105-6324 Japan

ir@jafco.co.jp

https://www.jafco.co.jp/english/

May 10, 2024

Announcement Regarding Adjustment of Conversion Price of

Zero Coupon Convertible Bonds Due 2028

JAFCO Group Co., Ltd. (the "Company") hereby announces the adjustment of the conversion price for the Zero Coupon Convertible Bonds due 2028 issued by the Company.

1.

Adjustment of conversion price

Name

Conversion price

Conversion price

prior to the adjustment

after the adjustment

Zero Coupon Convertible Bonds

¥2,132

¥2,047.8

due 2028

2.

Effective date

As of April 1, 2024 (Japan time)

3. Reason for the adjustment

Following the approval of the proposal for a year-end dividend of ¥69 per common share at the Board of Directors meeting held on May 10, 2024, the conversion price is being adjusted pursuant to the conversion price adjustment clauses in the terms and conditions of the Zero Coupon Convertible Bonds due 2028.

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JAFCO Co. Ltd. published this content on 10 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2024 06:26:06 UTC.