Istyle : Notice Concerning Payment Completion of the 1st & 2nd & 3rd Series of Unsecured Bonds with Convertible Bond Type Warrants, the 24th & the 25th Series of Warrants

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

September 6, 2022

To whom it may concern,

Company name	istyle Inc.
Representative	Tetsuro Yoshimatsu, President and CEO
	(Stock Exchange Code: 3660)
Contact	Kei Sugawara, Director and CFO
	(TEL.[phone])

[Summary] Notice Concerning Payment Completion of the 1st Series of Unsecured Bonds with Convertible Bond Type

Warrants, the 2nd Series of Unsecured Bonds with Convertible Bond Type Warrants, the 3rd Series of Unsecured

Bonds with Convertible Bond Type Warrants, the 24th Series of Warrants, and the 25th Series of Warrants

istyle Inc. ("the Company"), announces that it has confirmed today that the payment of the total issue price for the Unsecured Bonds with Convertible Bond Type Warrants and the Warrants has been completed as scheduled. The Company had resolved to issue the 1st Series of Unsecured Bonds with Convertible Bond Type Warrants (the "1st Series of Bonds with Warrants"), the 2nd Series of Unsecured Bonds with Convertible Bond Type Warrants (the "2nd Series of Bonds with Warrants"), the 3rd Series of Unsecured Bonds with Convertible Bond Type Warrants (the "3rd Series of Bonds with Warrants", together with the 1st Series of Bonds with Warrants and the 2nd Series of Bonds with Warrants, collectively, the "Bonds with Warrants"), the 24th Series of Warrants (the "24th Series of Warrants"), and the 25th Series of Warrants (the "25th Series of Warrants") through a third-party allotment at its Board of Directors meeting held on August 15, 2022.

Please see [Summary] Notice Concerning the Capital and Business Alliance with, the Issuance of the 1st Series of Unsecured Bonds with Convertible Bond Type Warrants and the 24th Series of Warrants to Amazon.com, Inc.; the Capital and Business Alliance with, and the Issuance of the 2nd Series of Unsecured Bonds with Convertible Bond Type Warrants to Mitsui

• Co., Ltd.; the Issuance of the 3rd Series of Unsecured Bonds with Convertible Bond Type Warrants to Triple Four Investment Partnership; and the Issuance of the 25th Series of Warrants to Y Corporation for details.

1st Series of Bonds with Warrants

(1)	Payment Date:	September 6, 2022
(2)	Total Number of Warrants:	10
(3)	Issue Price of Bonds with	Bonds: 100 yen per face value of 100 yen Warrants: No payment of
	Warrants:	cash is required in exchange for Warrants.
(4)	Number of Potential Shares Due	9,541,984 shares
	to This Issuance:
(5)	Amount to be Raised:	2,500,000,000 yen
(6)	Conversion Price:	262 yen per share
(7)	Method of Offering or Allotment	Allotted via a third-party allotment.
	(Subscriber):	(Amazon.com, Inc. ("Amazon"))
(8)	Other:	Please refer to the Japanese version.

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2nd Series of Bonds with Warrants

	(1)	Payment Date:	September 6, 2022
	(2)	Total Number of Warrants:	6
	(3)	Issue Price of Bonds with	Bonds: 100 yen per face value of 100 yen Warrants: No payment of
		Warrants:	cash is required in exchange for Warrants.
	(4)	Number of Potential Shares Due	5,725,190 shares
		to This Issuance:
	(5)	Amount to be Raised:	1,500,000,000 yen
	(6)	Conversion Price:	262 yen per share
	(7)	Method of Offering or Allotment	Allotted via a third-party allotment.
		(Subscriber):	(Mitsui & Co., Ltd.)
	(8)	Other:	Please refer to the Japanese version.
3rd Series of Bonds with Warrants
	(1)	Payment Date:	September 6, 2022
	(2)	Total Number of Warrants:	4
	(3)	Issue Price of Bonds with	Bonds: 100 yen per face value of 100 yen Warrants: No payment of
		Warrants:	cash is required in exchange for Warrants.
	(4)	Number of Potential Shares Due	3,816,793 shares
		to This Issuance:
	(5)	Amount to be Raised:	1,000,000,000 yen
	(6)	Conversion Price:	262 yen per share
	(7)	Method of Offering or Allotment	Allotted via a third-party allotment.
		(Subscriber):	(Triple Four Investment Partnership)
	(8)	Other:	Please refer to the Japanese version.
24th Series of Warrants
	(1)	Payment Date:	September 6, 2022
	(2)	Total Number of Warrants:	436,047
	(3)	Issue Price:	Total 113,808,267 yen (261 yen per 24th Series of Warrants)
	(4)	Number of Potential Shares Due	43,604,700 shares (100 shares per 24th Series of Warrants)
		to This Issuance:
	(5)	Amount to be Raised:	11,538,239,667 yen
			(Breakdown) 24th Series of Warrants issued: 113,808,267 yen
			24th Series of Warrants exercised 11,424,431,400 yen
	(6)	Exercise Price and Exercise	262 yen per share
		Period:	September 7, 2022 to September 6, 2027
	(7)	Method of Offering or Allotment	Allotted via a third-party allotment.
		(Subscriber):	(Amazon)
	(8)	Other:	Please refer to the Japanese version.

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25th Series of Warrants

(1)	Allotment Date:	September 6, 2022
(2)	Total Number of Warrants:	70,000
(3)	Issue Price:	Total amount 18,270,000 yen (261 yen per 25th Series of Warrants)
(4)	Number of Potential Shares Due	7,000,000 shares (100 shares per 25th Series of Warrants)
to This Issuance:
		1,852,270,000 yen
(5)	Amount to be Raised:	(Breakdown) 25th Series of Warrants issued: 18,270,000 yen
		25th Series of Warrants exercised: 1,834,000,000 yen
(6)	Exercise Price and Exercise	262 yen per share (fixed)
Period:	September 7, 2022 to September 6, 2027
(7)	Method of Offering or Allotment	Allotted via a third-party allotment.
(Scheduled Subscriber):	(Y Corporation)
(8)	Other:	Please refer to the Japanese version.

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