PLAID : Announcement regarding Organizational and Personnel Changes

Note: This document is an English translation of the original Japanese language document and has been prepared solely for reference purposes. No warranties or assurances are given regarding the accuracy or completeness of this English translation. In the event of any discrepancy between this English translation and the original Japanese language document, the original Japanese language document shall prevail in all respects.

December 21, 2021

For Immediate Release
Company name:	PLAID, Inc.
Representative:	Representative Director and CEO	Kenta Kurahashi
	(Code No.: 4165, Tokyo Stock Exchange Mothers)
Contact:	Executive Officer and CFO	Kentaro Muto
	(TEL: [phone])

Announcement regarding Organizational and Personnel Changes

PLAID, Inc. (the "Company") announces that the Company has made a resolution at the Board of Directors held on December 21, 2021, to make the following changes in the organizations and personnel of the Company effective on January 1, 2022.

1. Organizational Change（Effective on January 1, 2022）

1. "Product Division" and "Business Division" were merged, and renamed to "KARTE Division" This division integrates members who are involved in the development and provision of KARTE from the existing "Product Division" and "Business Division". By shortening the distance between customers and the development team, it will enable product development that is more tailored to the needs of customers and promote the expansion of KARTE's use cases.
2. "EcoSystem Division" Established

The division aims fo

r developing the ecosystem through the development of new solutions with tech partners by utilizing the fundamental technologies that the Company has developed through the provision and operation of KARTE.

(3) "Lab Division" Established

The division works on new business and product development of the Company that covers basic technologies and infrastructures related to data processing, as well as business development using these technologies, with a focus on long-term technology development, basic technologies and infrastructure for data processing, as well as business development using these technologies.

(4) Renamed "Administrative Division" to "Accelerator Division"

The Company positions the so-called administrative departments such as finance, accounting, legal, general affairs, human resources, and labor affairs as "Accelerators" that play a necessary role in accelerating the business under the governance of sound corporate

management. The division has been renamed to embody this concept.

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Note: This document is an English translation of the original Japanese language document and has been prepared solely for reference purposes. No warranties or assurances are given regarding the accuracy or completeness of this English translation. In the event of any discrepancy between this English translation and the original Japanese language document, the original Japanese language document shall prevail in all respects.

2. Personnel Change（Effective on January 1, 2022）

Name	New Title	Previous Title
Kenta Kurahashi	Representative CEO	Representative CEO
	Executive Officer
	KARTE Division Head
Keitaro Takayanagi	Director	Director
	Executive Officer	Executive Officer
	Ecosystem Division Head	Business Division Head
Naoki Shibayama	Director & CPO	Director & CPO
	Executive Officer	Executive Officer
	Lab Division Head	Product Division Head

3. Organizational Chart（Effective on January 1, 2022）

End of document

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