Business integration with Shimachu and making it a wholly owned subsidiary

「The company (hereinafter, the “Tender Offeror”) agreed to a business integration with 島忠 Co., Ltd. (securities code: 8184, Tokyo Stock Exchange, First Section; hereinafter, the “Target Company”). At a meeting of its board of directors held on 2 October 2020, the company resolved to enter into a business integration agreement relating to the business integration (hereinafter, the “Business Integration Agreement”) and, in connection with the business integration, to acquire the Target Company’s common shares (hereinafter, the “Target Company Shares”) through a public tender offer under the Financial Instruments and Exchange Act (Act No. 25 of 1948, as amended; hereinafter, the “Tender Offer”), and entered into the Business Integration Agreement on the same date. Subject to the successful completion of the Tender Offer, the company plans to implement a series of procedures to make the Target Company a wholly owned subsidiary of the Tender Offeror. Tender offer period: 5 October 2020 (Monday) to 16 November 2020 (Monday) (30 business days) Tender offer price: ¥4,200 per common share Tender offer consideration: ¥163,612 million Ownership ratio after acquisition: 100.00%」