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Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

June 24, 2022

Company name:

User Local, Inc.

Representative: Masao Ito, President CEO

Code:

3984, Tokyo Stock Exchange

Listed Prime Market

Contact:

Daisuke Iwamoto, CFO

TEL:

+81-364352167

Announcement regarding Completion of Payment for

Disposal of Treasury Stock as the Restricted Stock Compensation to Employee

User Local, Inc. (hereinafter the"Company") announced that payment for disposal of treasury stock as the restricted sotock, which was resolved at its Board of Directors' meeting held on June 8, 2022, was completed today. Details of the payment are provided below. For more information about the disposal of treasury stock, please refer to "Announcemet regarding Disposal of Treasury Stock for the Restricted Stock Compensation to Employee" dated June 8, 2022.

Overview of the disposal of treasury stock

(1) Pay-in date

Friday, June 24, 2022

(2) Type and number of shares to be disposed

130,000 common shares of User Local, Inc.

(3) Disposal price of shares

JPY 1,687 per share

(4) Total disposal value

JPY 219,310,000

(5) Allottees

130,000 shares to be allocated to 45 Employee

(6) Others

For the disposal of treasury stock, a

Extraordinary Report has been submitted as

required under the Financial Instruments and

Exchange Act.

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User Local Inc. published this content on 24 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2022 06:25:05 UTC.