December 17, 2021

To All Concerned Parties

Relia, Inc.

2-6-5, Yoyogi, Shibuya-ku, Tokyo

(Code number: 4708, First Section of the Tokyo Stock Exchange)

President: Takashi Amino

Contact: Kenichiro Iwamoto

General Manager, Corporate Communications Div. Tel: 03-5351-7200 (main)

Notice on Issuance of a Sponsored Research Report

Relia, Inc. (hereafter "the Company") decided to commission a sponsored research report written in English to improve communication with overseas investors, and promote better understanding of the Company.

The research report was written by Nippon Investment Bespoke Research UK Ltd (www.nippon-ibr.com), an independent research boutique specialized in the Japanese equities based in London, UK. The report does not carry any investment recommendation - it is solely prepared based on publicly available information and explains our business model, the past earnings trend and the guidance and mid-term management plan, and supports our investor relations activities to foreign investors. The report can be accessed by clicking the link below.

https://www.relia-group.com/english/ir/news/

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Disclaimer

Relia Inc. published this content on 17 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 December 2021 07:18:02 UTC.