Roland DG : NOTICE OF THE 41st ORDINARY GENERAL MEETING OF SHAREHOLDERS

These documents have been translated from Japanese originals for reference purposes only.

In the event of any discrepancy between these translated documents and the Japanese originals, the originals shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translations.

(Securities Code 6789)

March 7, 2022

To Shareholders with Voting Rights:

Kohei Tanabe

President

Roland DG Corporation

1-6-4, Shinmiyakoda,

Kita-ku, Hamamatsu, Shizuoka,

Japan

NOTICE OF

THE 41st ORDINARY GENERAL MEETING OF SHAREHOLDERS

You are cordially invited to attend the 41st Ordinary General Meeting (the "Meeting") of Shareholders of Roland DG Corporation (the "Company"). The Meeting will be held for the purposes as described below.

In order to prevent the spread of COVID-19,you are strongly encouraged, to the extent possible, to exercise your voting rights in writing or via the Internet prior to the Meeting, and to judge whether or not to attend the Meeting in person, taking your own state of health into consideration.

Please review the Reference Documents for the General Meeting of Shareholders (described hereinafter), indicate your approval or disapproval of each of the proposals on the enclosed Voting Rights Exercise Form and exercise your voting rights no later than 5:20p.m. on Wednesday, March 23 2022 Japan time.

1. Date and Time:
2. Place:
3. Meeting Agenda: Matters to be reported:

Thursday, March 24, 2022 at 1:00 p.m. Japan time

Heian Banquet Hall, 4th Floor at Okura Act City Hotel Hamamatsu 111-2 Itayamachi, Naka-ku, Hamamatsu, Shizuoka, Japan

1. The Business Report, Consolidated Financial Statements and audit report on Consolidated Financial Statements by the Accounting Auditor and the Audit & Supervisory Board for the Company's 40th Fiscal Year (from January 1, 2021 to December 31, 2021
2. Non-ConsolidatedFinancial Statements for the Company's 40th Fiscal Year (from January 1, 2021 to December 31, 2021)

Proposals to be resolved:

Proposal No. 1: Appropriation of Surplus

Proposal No. 2: Partial Amendments to Articles of Incorporation

Proposal No. 3: Election of Six Directors

Proposal No. 4: Election of One Audit & Supervisory Board Member

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Requests for Attendees

When you attend the Meeting, please submit the enclosed Voting Rights Exercise Form at the reception desk. If you could bring this "Notice of Ordinary General Meeting of Shareholders" with you to the Meeting, that would help us save resources and be very much appreciated.

If you appoint a proxy to attend the Meeting, the proxy is requested to submit a power of attorney in addition to the Voting Rights Exercise Form at the reception desk. (Please note that the Company recognizes only one shareholder, who holds a voting right of the Company, as a proxy.)

If you diversely exercise your voting rights, please notify the Company in writing of your diverse exercise of voting rights and reasons for that, by no later than three days before the Meeting.

Note:

The Consolidated Financial Statements and Non-Consolidated Financial Statements attached hereto are those parts that have been audited by the Audit & Supervisory Board, as well as by the Accounting Auditor. The Consolidated Statements of Changes in Net Assets and the Statements of Changes in Net Assets and the Explanatory Notes on Consolidated Financial Statements and the Explanatory Notes on Non-Consolidated Financial Statements, which have not been attached hereto pursuant to applicable laws and regulations and Article 15 of the Company's Articles of Incorporation, are available on the Company's website at the following URL: www.rolanddg.com/en/investors/stock- information/shareholders-meeting/.

Any updates to the attachments (excluding audit reports) and Reference Documents for the General Meeting of Shareholders will be posted on the Company's website at the following URL: www.rolanddg.com/en/investors/stock-information/shareholders-meeting/.

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Reference Documents for the General Meeting of Shareholders

Proposals and References

Proposal No. 1: Appropriation of Surplus

Matters related to year-end dividends

The Company hereby proposes its year-end dividends for the fiscal year under review as follows, taking into consideration the Company's basic policy for shareholder returns as described below, consolidated financial results for the fiscal year under review, and the Company's future business plan.

Please be noted that in a case where this proposal is approved, total amount of dividend, including interim dividend, for the fiscal year under review will be 100 yen per share, an increase of 90 yen from the previous fiscal year.

Dividend policy

Shareholder return is a key managerial focus for the Company. We aim to provide stable dividends to our shareholders taking into account the cash needs for investment to drive sustainable growth as well as the risk, financial performance and stability.

Specifically, while also accounting for future business needs, we will set 30% payout ratio to consolidated net income and 2% dividend on equity (DOE) as our metrics and pay the higher of the two amounts in order to provide stable dividends to our shareholders.

1. Type of dividends: Cash
2. Matters related to the allocation of dividend property to the shareholders and the total amount to be distributed:
   60 yen per share of the Company's common stock
   The total amount of the dividends to be distributed will be 759,354,180 yen.
3. Effective date of distribution of surplus:

March 25, 2022

	37th	38th	39th	40th	41st
	Business	Business	Business	Business	Business
	Term	Term	Term	Term	Term
	(1/1/2017-	(1/1/2018-	(1/1/2019-	(1/1/2020/-	(1/1/2021-
	12/31/2017)	12/31/2018)	12/31/2019)	12/31/2021)	12/31/2021)
Annual cash dividends per	35	45	25	10	60
share (Yen)
Interim dividends per share	25	25	25	0	40
(Yen)
	60	70	50	10	100
Consolidated payout ratio	39.2	30.5	32.2	49.6	33.3
(%)
DOE (%)	3.5	3.8	2.5	0.5	4.6

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Proposal No. 2: Partial Amendments to Articles of Incorporation

1. Reasons for amendments

The amended provisions stipulated in the supplementary provision of Article 1 of the Act Partially Amending the Companies Act (Act No. 70 of 2019) will be enforced on September 1, 2022. In order to accommodate a system for providing general shareholder meeting materials in electronic format, the Articles of Incorporation of the Company shall be amended as follows.

1. The proposed amendments to Article 15, Paragraph 1 shall stipulate that the Company takes the electronic provision measure for information included in the reference document for general meeting of shareholders, etc.
2. The proposed amendments to Article 15, Paragraph 2 shall establish a provision to limit the scope of matters to be included in the paper copy to be sent to shareholders who have requested it.
3. The provisions related to the Disclosure on Internet of Reference Materials for General Meeting of Shareholders Deemed and Deemed Provision of that Information (Article 15 of the current Articles of Incorporation) will become unnecessary and will therefore be deleted.
4. In line with the above establishment and deletion of the provisions, supplementary provisions related to the effective date, etc. shall be established.

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2. Detail of amendments

The detail of the amendments are as below.

			(Changes are underlined.)
Current Articles of Incorporation		Proposed amendments
Article 15. (Disclosure via Internet and		[Deleted]
Deemed Delivery of Reference Documents,
etc. for General Meetings of Shareholders)
Upon convening a general meeting of
shareholders, the Company may deem that the
information required to be described or
indicated in the reference documents for the
general meeting of shareholders, business
reports, financial statements and consolidated
financial statements shall have been provided
to the shareholders when such information is
disclosed, pursuant to laws or regulations,
through a method that uses the Internet.
[Newly established]		Article 15. (Provision of documents for
		general meeting of shareholders in
		electronic format)
		Upon convening a general meeting of
		shareholders, the Company shall take the
		electronic provision measure provided for in
		Article 325-2 of the Company Law.
		2 Among matters for which the electronic
		provision measure will be taken, the
		Company is not required to state all matters
		prescribed by the Ministry of Justice Order
		in the document that will be issued to
		shareholders who requested the issuance of
		the document stated in Article 325-5 of the
		Company Law by the record date.
[Newly established]		(Supplementary provision)
		1. The deletion and amendment of Article 15 of
		the current Articles of Incorporation
		(provided as reference documents for
		general meeting of shareholders on the
		Internet) and the establishment of Article 15
		(electronic provision measures, etc.) are the
		laws that partially amend the Companies
		Act (the first year of Reiwa). Law No. 70) It
		shall come into effect from the date of
		enforcement of the revised provisions
		stipulated in the proviso of Article 1 of the
		Supplementary	Provisions (hereinafter
		referred to as the "enforcement date").
		2. Notwithstanding	the provisions of the
		preceding paragraph, Article 15 of the
		current Articles of Incorporation shall still be
		effective for a general meeting of
		shareholders whose date is within six
		months from the date of enforcement.
		3. This Supplementary Provision shall be
		deleted after 6 months have passed from
		the enforcement date or 3 months have
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