Shinsei Bank : Notice of the Establishment of the Record Date Pertaining to the Allotment of Share Subscription Rights Without Contribution and the Convocation

N E W S R E L E A S E

For Immediate Release

Company Name: Shinsei Bank, Limited

Name of Representative: Hideyuki Kudo

President and CEO

(Code: 8303, TSE First Section)

Notice of the Establishment of the Record Date Pertaining to the Allotment of Share Subscription Rights Without Contribution and the Convocation of the Extraordinary General Meeting of Shareholders

Tokyo (November 22, 2021) --- Shinsei Bank, Limited hereby announces that, at the meeting of the Board of Directors dated today, it has determined the establishment of the record date for the allotment of share subscription rights without contribution and for the convocation of the extraordinary general meeting of shareholders as follows.

Notice

1. Regarding the record date, etc. pertaining to the allotment of share subscription rights without contribution

As described in the "Notice to Convene an Extraordinary General Meeting of Shareholders with respect to tender offer for the common shares of Bank by SBI Regional Bank Holdings Co., Ltd." announced on October 21, 2021, the Bank has, concerning the tender offer for the Bank's shares by SBI Regional Bank Holdings Co., Ltd., resolved to hold the extraordinary general meeting of shareholders to confirm the overall intention of the Bank's shareholders (the "Extraordinary General Meeting of Shareholders") with regard to the allotment of share subscription rights without contribution as the countermeasures under the Bank's takeover defense measures (the "Plan") (if the shareholders reject the proposal for the implementation of the countermeasures at the Extraordinary General Meeting of Shareholders, the Board of Directors of the Bank will not implement the countermeasures in accordance with such intention of the shareholders).

If the allotment of share subscription rights without contribution as the countermeasures under the Plan is approved at the Extraordinary General Meeting of Shareholders, the Bank will allot Class A Share Subscription Rights (as defined in the Plan) without contribution to the shareholders whose names are stated or recorded in the last shareholder register as of the record date, which is December 8, 2021 (Wed), at the rate of one share subscription right per common share of the Bank. In preparation for this, the Bank has set December 8, 2021 (Wed) as the record date, and the shareholders as of the same date shall be entitled to receive the allotment of the Class A Share Subscription Rights without contribution.

(1) Record date:

December 8, 2021 (Wed)

1. Date of public notice: November 22, 2021 (Mon)
2. Method of public notice: Electronic public notice (A public notice will be posted on

the Bank's website.)

(https://www.shinseibank.com/corporate/ir/announcement/index.html)

2. Regarding the scheduled date and proposals of the extraordinary general meeting of shareholders

The Bank designates the shareholders whose names are stated or recorded in the last shareholder register as of December 8, 2021 (Wed) as the shareholders who are entitled to exercise their voting rights at the extraordinary general meeting of shareholders that might be held within 3 months after December 8, 2021 (Wed). As for the details of the date, time, place and proposals of the extraordinary general meeting of shareholders that may be held within 3 months after the record date, the Board of Directors will determine and announce them when such extraordinary general meeting of shareholders needs to be held in the future.

End

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Shinsei Bank is a leading diversified Japanese financial institution providing a various range of financial products and services to both institutional and individual customers. The Bank has a network of outlets throughout Japan and is committed in its pursuit of uncompromising levels of integrity and transparency in all of its activities in order to earn the trust of its customers, staff, and shareholders. The Bank is committed to delivering long-term profit growth and increasing value for all its stakeholders. News and other information about Shinsei Bank is available at https://www.shinseibank.com/corporate/en/index.html

For further information, please contact:

Group Investor Relations & Corporate Communications Division

Shinsei Bank, Limited (www.shinseibank.com)

[e-mail](Inquiries for the media)

[e-mail](Inquiries for investor and shareholder relations)