Kanamic Network : Notice regarding completion of payment procedures for the disposal of treasury shares as restricted stock compensation

January 21, 2022

To Whom it May Concern:

Company Name: Kanamic Network Co., Ltd.

Representative: President & Representative Director, Takuma Yamamoto (Securities Code: 3939, TSE First Section)

Contact Point: General Manager, Administration Department, Kenya Wakabayashi （TEL．[phone]）

Notice regarding completion of payment procedures for the disposal of treasury

shares as restricted stock compensation

With regards to the disposal of treasury shares as restricted stock compensation (resolved by the Board of Directors on December 22, 2021), the Company herby announces that it completed payment procedures as detailed below today. For details, please refer to the notice released on December 22, 2021, titled "Notice Regarding Disposal of Treasury Shares as Restricted Stock Compensation".

Overview of the disposal

（１）	Class and number of
shares to be	Common shares of the company: 35,100 shares
	disposed
（２）	Disposal price	473 yen per share
（３）	Total value of shares	16,602,300 yen
to be disposed:
（４）	Recipients of the	Directors (excluding external directors): 5 people, 12,600 shares
shares to be
	Employees: 10 people, 22,500 shares
	disposed:
（５）	Date of Disposal:	January 21, 2022

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