MATSUI SECURITIES : Notice Concerning Changes in Major Shareholder and Controlling Shareholder

May 12, 2017

Matsui Securities Co., Ltd.

Notice Concerning Changes in Major Shareholder and Controlling Shareholder

TOKYO, May 12, 2017 - Matsui Securities Co., Ltd. ("the Company") announces the changes in major shareholder and controlling shareholder as follows.

1. Background of the changes

   Chizuko Matsui, the major shareholder of the Company notified today of the sales of its own shares of the Company to Maruroku Ltd, the major and largest shareholder of the Company. As a result, Chizuko Matsui will cease to be the major shareholder and the controlling shareholder of the Company. Since this is the transaction internally among Chizuko Matsui and its related company, their voting rights ratio in total is not changed.

2. Overview of the shareholder

   Name	Chizuko Matsui
   Address	Bunkyo-ku, Tokyo

3. Number of voting rights and voting rights ratio of shareholder prior to and after the changes

   Classification	Number of voting rights (Voting rights ratio)			Shareholder ranking
   	Direct ownership	Indirect ownership	Total
   Prior to the changes (As of March 31, 2017)	Major shareholder and controlling shareholder	308,210 (12.01%)	1,190,027 (46.38%)	1,498,237 (58.39%)	3
   After the changes	－	248,210 (9.67%)	－	248,210 (9.67%)	3

   Note: The voting rights ratio has been calculated based on the number of voting rights of all shareholders of 2,566,035, which excludes 2,661,202 shares without voting rights from the total number of shares issued of 259,264,702 as of March 31, 2017.

4. Date of the changes

   May 16, 2017

5. Outlook for the future

The Company does not expect this change to affect operating results.

Contact:	Akira WARITA,
Managing Director
TEL:	[phone]
Mail:	[e-mail]

This is an English translation of a Japanese announcement made on the date above. The

information contained in the Japanese announcement is true and accurate at the time of publication. Although the company intended to faithfully translate document from Japanese to English, translation accuracy is not guaranteed. If any questions arise related to the accuracy of the information contained in the translation, please refer to the original Japanese document. This translation does not constitute an offer for sale or solicitation for investment or other similar activity in or outside of Japan.