[Translation]

April 26, 2021

Company name:

MEDLEY, INC.

Representative:

Kohei Takiguchi

President and Chief Executive Officer

(TSE Mothers Code No.4480)

Contact:

Yuta Tamaru

Director and Head of Corporate Division

TEL: +813-6372-1265

Announcement of Completion of Issuance of New Shares to Employees

as Restricted Stock and Partial Forfeiture

MEDLEY, INC. ("the Company") announces the completion as of April 26, 2021 of procedures for issuance of new shares as restricted stock, which was resolved at the meeting of the Board of Directors held on February 26, 2021, and changes in the number of shares to be issued resulting from the partial forfeiture of rights as described below.

1. Overview of New Share Issuance (amendments underlined)

Actual

Original plan

(1) Payment date

April 26, 2021

April 26, 2021

(2) Class and number of shares to

22,700common shares of the

24,100 common shares of the

be issued

Company

Company

(3) Issue price

JPY 4,285 per share

JPY 4,285 per share

(4) Total value of issuance

JPY 97,269,500

JPY 103,268,500

(5) Allottees, number of shares

48employees of the Company,

50 employees of the Company,

21,600shares

22,400 shares

5employees of the Company's

8 employees of the Company's

subsidiary, 1,100shares

subsidiary, 1,700 shares

*Please refer to "Notice Concerning Issuance of New Shares to Employees as Restricted Stock Compensation" announced on February 26, 2021 for further information.

  1. Reasons for Amendments
    The difference between the originally planned number of allottees and the number of shares originally planned to be issued and the actual number of allottees and the number of shares actually to be issued is due to a change in the number of eligible allottees. A total of five potential allottees declined the allotments which resulted in forfeiture of their allotment rights.
  2. Outlook
    This matter has no impact on the Company's financial results forecast for the fiscal year ending December 2021.

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Disclaimer

Medley Inc. published this content on 26 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2021 06:03:01 UTC.