Ichigo : Nomination of Directors

Make The World

More Sustainable

[Provisional Translation Only]

This English translation of the original Japanese document is provided solely for information purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

April 16, 2020

Ichigo Inc. (Tokyo Stock Exchange First Section, 2337) Representative: Scott Callon, Chairman

Inquiries: Takanori Sakamatsu, Senior Statutory Executive Officer

Telephone: [phone]www.ichigo.gr.jp/en

Nomination of Directors

Ichigo decided today on the following Director candidates for approval at this year's shareholder meeting. In support of a strong independent board for its shareholders, Ichigo is proposing two Independent Director candidates who have served as CEOs of Tokyo Stock Exchange First Section companies.

1. Directors (subject to shareholder approval, May 24, 2020)

To support strong corporate governance, the majority of Ichigo's board members are Independent Directors as defined in Japan's Corporate Governance Code.

	Name			New Position			Current Position
					(as of April 16, 2020)
	Scott Callon		Director		Unchanged
	Takuma Hasegawa		Director	Unchanged
	Minoru Ishihara		Director		Unchanged
	Eri Murai		Director		Unchanged
	Tetsuya Fujita		Independent Director		Unchanged
	Noriko Kawate		Independent Director		Unchanged
	Yukio Suzuki	Independent Director		Unchanged
	Masatoshi Matsuzaki	Independent Director		Unchanged
	Nobuhide Nakaido	Independent Director		Unchanged

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2. Candidates for Committees (subject to shareholder approval, May 24, 2020)

	Chairman	Member	Member	Member	Member
Nominating Committee	Takuma	Scott	Tetsuya	Noriko	Masatoshi
Hasegawa	Callon	Fujita	Kawate	Matsuzaki
Audit Committee	Tetsuya	Noriko	Yukio	-	-
Fujita	Kawate	Suzuki
Compensation Committee	Takuma	Scott	Tetsuya	Noriko	Masatoshi
Hasegawa	Callon	Fujita	Kawate	Matsuzaki
		Yukio
Compliance Committee	Takuma	Suzuki	Scott	Tetsuya	-
Hasegawa	(Vice	Callon	Fujita
		Chairman)

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Reference: Statutory Executive Officers (subject to board approval, May 24, 2020)

	Name			New Position			Current Position
					(as of April 16, 2020)
				Chairman & Representative Statutory
	Scott Callon		Executive Officer		Unchanged
				(Overall Management)
				Chairman & Representative Statutory
	Kenji Iwasaki		Executive Officer		Unchanged
				(Overall Management)
				President & Representative Statutory
	Takuma Hasegawa		Executive Officer		Unchanged
				(Overall Management)
				Executive Vice President & Statutory
	Minoru Ishihara		Executive Officer (Sustainable Real		Unchanged
		Estate, PROPERA)
				COO
	Eri Murai		Executive Managing Director &		Unchanged
		Statutory Executive Officer (HR)
				Executive Managing Director &
	Go Watanabe		Statutory Executive Officer		Unchanged
				(New Ventures)
				Executive Managing Director &
	Takeyuki Yoshimatsu		Statutory Executive Officer		Unchanged
				(Corporate Operations)
	Takanori Sakamatsu		Senior Statutory Executive Officer		Unchanged
		(Finance)
				Senior Statutory Executive Officer
	Kazunori Kurita		(Engineering, Design, Facility		Unchanged
				Management)
				Senior Statutory Executive Officer
	Takashi Ohigawa		(Real Estate Strategic Planning,		Unchanged
				Execution)
				Statutory Executive Officer
	Akihiko Tsukasa		(Osaka Branch, Retail, Sports, Smart		Unchanged
				Agriculture)
	Kenichi Tanaka		Statutory Executive Officer		Unchanged
		(Business Promotion)
	Yasutoyo Senda		Statutory Executive Officer (Audit)		Unchanged

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