Ant Bridge No. 5 A Investment Business Limited Partnership managed by Ant Capital Partners Co., Ltd. made an offer to acquire 49.8% stake in Softbrain Co.,Ltd. (TSE:4779) from a group of shareholders for ¥12.7 billion on August 14, 2020. Ant Bridge No. 5 A Investment Business Limited Partnership managed by Ant Capital Partners Co., Ltd. Entered into an agreement to acquire 49.8% stake in Softbrain Co.,Ltd. (TSE:4779) from a group of shareholders on August 17, 2020. Under the terms of the transaction, Ant Bridge will pay ¥871 per share of Softbrain. Ant Capital intends to acquire 14.6 million shares of Softbrain. Prior to the transaction, Ant Bridge does not hold any equity shares in Softbrain while Scala holds 50.23% stake. SCALA Inc. shall not apply for the tender offer. Following the transation, Softbrain will acquire the non-tendered shares owned by SCALA Inc. at ¥714 per share. If Ant Bridge fails to acquire all of the shares of Softbrain in the tender offer, it will request Softbrain to execute the procedure for the share consolidation after the completion of the tender offer. Ant Bridge has set 4.8 million shares or 16.44% as minimum number of shares to be tendered. The tender offer will commence on September 29, 2020 and will expire on November 10, 2020.

IR Japan, Inc. acted as financial advisor and TMI Associates acted as legal advisor to Softbrain. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., acted as financial advisor while Nagashima Ohno & Tsunematsu acted as legal advisor to Ant Capital Partners. Nimbus Associates Inc. acted as the financial advisor and Hibiya Park Law Office acted as the legal advisor to Scala in the transaction. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd and au Kabucom Securities Co., Ltd acted as the tender offer agent. Masahisa Ikeda of Shearman & Sterling LLP acted as financial advisor to Ant Capital Partners Co., Ltd.

Ant Bridge No. 5 A Investment Business Limited Partnership managed by Ant Capital Partners Co., Ltd. completed the acquisition of 36.8% stake in Softbrain Co.,Ltd. (TSE:4779) from a group of shareholders for ¥9.4 billion on November 10, 2020. 10.8 million shares are tendered in the offer.