Rakuten : Announcement Regarding Completion of Purchase and Cancellation of JPY Denominated Senior Bonds

April 25, 2024

• RAKUTEN GROUP, INC.

Announcement Regarding Completion of Purchase and Cancellation of JPY Denominated Senior Bonds

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Rakuten Group, Inc. (hereinafter the "Company"), as announced on January 25, 2024, in "Announcement Regarding the Issuance of USD Denominated Senior Notes and Purchases of USD Denominated Senior Notes and JPY Denominated Senior Bonds", has completed the purchase and cancellation of certain of its JPY denominated senior bonds scheduled to mature in and after 2024 (hereinafter the "Purchase"). The details are as follows.

1. Background of the Purchase

The Purchase was conducted with the aim of smoothing out the Company's bond redemption schedule. The Company used cash on hand and proceeds from the February 2024 issuance of USD denominated senior notes, less the amount used for the February 2024 offers to repurchase USD denominated senior notes due 2024 for cash consideration, as the source of funds for the Purchase.

2. Outline of the Purchase

1. Target Bonds	Rakuten Group, Inc. 15th Unsecured Bonds (with inter-bond pari passu clause)
2. Total issue amount	JPY 75 billion
3. Issue date	December 2, 2021
4. Maturity date	December 2, 2024
5. Total face value of the Purchase	JPY 55.8 billion
6. Remaining amount	JPY 19.2 billion

Note: This press release was not created for the purpose of soliciting investment / the Purchase or similar acts in any jurisdiction.