WealthNavi : Announcement regarding the determination of a candidate external director

February 25, 2021

To whom it may concern:

Company Name: WealthNavi Inc.

Representative: Kazuhisa Shibayama, Representative Director and CEO

(Code Number: 7342 Tokyo Stock Exchange Mothers)

Inquiries: Gaku Hirose, Director, CFO

(TEL．[phone])

Announcement regarding the determination of a candidate external director

WealthNavi Inc. (the "Company") announces that the Company has nominated a candidate for the position of external director at the Board of Directors Meeting held on February 25, 2021 as indicated below. This proposal will be referred to the Company's annual general meeting of shareholders for the 6th fiscal year to be held on March 26, 2021.

Name and biography of the candidate for new director

Name (Date of Birth)BiographyApril 1994

Joined First National Bank of ChicagoTokyo Branch (currently JPMorgan Chase Bank, N.A.,Tokyo Branch)

April 2000

Joined J.P.Morgan Tokyo Branch (currently JPMorgan Chase Bank, N.A., Tokyo Branch)

March 2001

Joined Sony Corporation (Tradename changed to Sony Group Corporation from April 2021)

Maki Ogawa (July 11, 1971)

August 2007

August 2016

Joined Citibank Japan Ltd. (currently SMBC Trust Bank Ltd.) Executive Officer and General Manger, Financial Market Research Dept. ; Chief Analyst, Sony Financial Holdings Inc. (to present)

October 2016

Researcher of Global Financial Market Study Group, SBI Graduate School (to present)

June 2017

Director, Sony Bank, Inc. (to present)

Note 1. No special interests exist between Maki Ogawa and the Company.

• 2. The reason for recommending her as candidate for member of the Board of Directors is that she has gained rich experience over the long period at the financial institutions, and the Company proposes to elect her as a new member of the Board with the expectation that she will supervise management and make appropriate management judgments and decisions based on her knowledge and experience.

• 3. She meets the standards for independent directors provided by the Tokyo Stock Exchange. Although she is a member of Board of Directors of Sony Bank, Inc. which has business relationship with the Company through offering of "WealthNavi for Sony Bank," the transaction amount for the current fiscal year relating the business relationship is less than 5% of the Company's total operating revenue.

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