Tokai Tokyo Financial : Determination of Details of Issuance of Stock Acquisition Rights as Stock Options

Press Release

5-1, NIHONBASHI 2-CHOME, CHUO-KU, TOKYO 103-6130 JAPAN

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(TSE, NSE: 8616) September 7, 2020

Determination of Details of Issuance of Stock Acquisition Rights as Stock Options

We, Tokai Tokyo Financial Holdings, Inc., (hereinafter "the Company") announce that we finalized today the details of the issuance of the stock acquisition rights as stock options, in accordance with the resolution of the Board of Directors meeting held on August 24, 2020, as follows.

1. The final allocation regarding the parties and the number of the rights to be allocated to respective group of the parties:

Directors of the Company	3	53 rights
Employees of the Company	249	1,152 rights
Directors of the Company's Wholly Owned Subsidiaries	24	154 rights
Directors of the Company's Subsidiaries	4	20 rights
Total	280	1,379 rights

• 2. Number of shares to be issued upon exercise of the stock acquisition rights: 1,379,000 shares of common stock of the Company

  (The number of shares to be issued upon exercise of each of the stock acquisition rights (i.e. "number of shares granted") shall be one thousand (1,000) shares of common stock of the Company.)

• 3. Offered unit value to be contributed into the Company's capital upon exercise of the stock acquisition rights: ¥277,000 per unit of stock acquisition rights (¥277 per share)

• 4. Total number of stock acquisition rights to be granted:

1,379 rightsReference

1. The date of the meeting of the Board of Directors of the Company in which the resolution was adopted to submit the proposal regarding the issuance of stock acquisition rights for approval to the Regular General Meeting of Shareholders:

May 26, 2020
2. The date of the Regular General Meeting of Shareholders in which the	June 25, 2020
proposed issuance of stock acquisition rights was approved:
3. The date of the meeting of the Board of Directors of the Company that	August 24, 2020
determined the operating outline of the issuance of stock acquisition rights:
September 7, 2020

4.

The date of the stock acquisition right allocation with the relevant final details fixed:

(end)

Contact: [phone], Corporate Communications, Tokai Tokyo Financial Holdings, Inc.