Shinsei Bank : Responds to Media Report

I N F O R M AT I O N

For Immediate Release

Company Name: Shinsei Bank, Limited

Name of Representative: Hideyuki Kudo

President and CEO

(Code: 8303, TSE First Section)

Shinsei Bank Responds to Media Report

Tokyo (Tuesday, October 5, 2021) --- Shinsei Bank, Limited (hereinafter, "Shinsei Bank") responds to the media report (the Kyodo News Co., Ltd.) this evening which stated that Shinsei Bank started arrangements to announce its opinion to oppose to the takeover-bid (hereinafter, the "TOB") by SBI Holdings and to hold an Extraordinary General Meeting of Shareholders in November to resolve the implementation of takeover defense measures. This report is not based on any facts announced by Shinsei Bank.

The board of directors of Shinsei Bank has been evaluating and reviewing the TOB for making an announcement of its opinion on the TOB. There are no facts that it started arrangements to announce its opinion to oppose the TOB and to hold an Extraordinary General Meeting of Shareholders in November to resolve the implementation of takeover defense measures as described in the report.

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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]