Freee K K : Position and Policies regarding Reduction of Minimum Investment Unit

Note: This document is an English translation of the original Japanese language document and has been prepared solely for reference purposes. No warranties or assurances are given regarding the accuracy or completeness of this English translation. In the event of any discrepancy between this English translation and the original Japanese language document, the original Japanese language document shall prevail in all respects.

	September 29, 2021
Company Name	freee K.K.
Representative	Daisuke Sasaki,
	CEO and Representative Director
Code No.	4478, Tokyo Stock Exchange
	Mothers
Contact	Sumito Togo, CFO and Director
	(TEL. [phone])

Position and Policies regarding Reduction of Minimum Investment Unit

1. Position Regarding the Reduction of the Number of Shares in an Investment Unit

freee K.K. (the "Company") recognizes that reducing the investment unit of shares is an effective measure to vitalize the stock market such as expanding the Company's shareholder base and increasing the liquidity of the Company's stock.

2. Policies for the Reduction of the Number of Shares in an Investment Unit

The Company will continue to carefully consider reducing the investment unit of shares, taking into account factors such as stock price, stock market trends, stockholder composition, and changes in performance.

Note: Minimum investment units of the Company's stock exceed 500,000 yen as of June 30, 2021, and accordingly, this disclosure is carried out pursuant to Rule 409 of the Securities Listing Regulations (disclosure regarding the reduction of investment share units) as prescribed by the Tokyo Stock Exchange.