Avex : Announcement Regarding the Change of Officers in the Group Companies

（

FOR IMMEDIATE RELEASE

June 24, 2016

Company Name: Avex Group Holdings Inc. Representative: Masato Matsuura, Representative Director, CEO

(Code No. 7860 TSE 1st Section) For Inquiries: Seiichi Hatamoto, Corporate Executive

Tel: [phone]

Announcement Regarding the Change of Officers in the Group Companies

Avex Group Holdings Inc. (the "Company") hereby announces the change of officers in its Group companies. Details are as follows.

1. Avex Digital Inc. ("ADG") (as of June 24, 2016)

   New Title	Name	Current Title
   (Retiring)	Masato Matsuura	President
   (Retiring)	Ryuhei Chiba	Vice President
   (Retiring)	Shigekazu Takeuchi	Director
   Director, Senior General Manager of Digital Business, General Manager of Business Strategy Office, Digital Business Department	Rieko Muramoto	Executive Director, Senior General Manager of Digital Business, General Manager of Business Strategy Office, Digital Business Department
   President	Hisaou Wakaizumi	(Newly appointed)
   Director	Toshiro Hayashi	(Newly appointed)
   Director	Hajime Shibata	(Newly appointed)

   • Name, Career Summary, etc., of the Newly Appointed President (Same for NewlyAppointed Presidents Under 11 and 12)

     Name (Date of Birth)	Career Summary, etc.
     Hisaou Wakaizumi (February 4, 1968)	February 1999 October 2005 October 2007 September 2009 April 2010 July 2011 October 2011 December 2014	Joined Avex Inc. (present Company) Manager in charge of Contents Produce Room, Distribution Platform Business, Avex Network Inc. (present Avex Music Creative Inc.) Manager, mu-mo Editorial Office, Digital Platform Headquarters, Avex Marketing Inc. (present Avex Music Creative Inc.) Manager in charge of General Affairs and Personnel Affairs, Group Administration Headquarters of the Company Manager, General Affairs and Personnel Affairs of the Company Manager, President's Office (current position) Manager, commmons Project Promotion, Avex Entertainment Inc. (present AMC) (current position) Director, Manager, Contents Produce, AWACO. Ltd. (current position)

     President	Hisaou Wakaizumi
     Director	Shinji Hayashi
     Director	Toshiro Hayashi
     Director	Hajime Shibata
     Director	Rieko Muramoto

     ◯ Composition of ADG's Board of Directors After the Change (as of June 24, 2016)

2. Avex Music Creative Inc. ("AMC") (as of June 24, 2016)

   New Title	Name	Current Title
   (Retiring)	Ryuhei Chiba	Director
   (Retiring)	Shigekazu Takeuchi	Director in Charge of Administration
   Director in Charge of Administration	Hajime Shibata	(Newly appointed)

   President	Shinji Hayashi
   Director	Tomoaki Sato
   Director	Shintaro Higuchi
   Director	Yasuhiro Yamamoto
   Director	Hajime Shibata
   Director	Hiroyuki Kishi

   ◯ Composition of AMC's Board of Directors After the Change (as of June 24, 2016)

3. Avex Pictures Inc. ("API") (as of June 24, 2016)

   New Title	Name	Current Title
   (Retiring)	Shigekazu Takeuchi	Director in Charge of Business Administration
   Director in Charge of Business Administration	Hajime Shibata	(Newly appointed)

   President	Yoshiki Terashima
   Vice President	Hideo Katsumata
   Director	Hajime Shibata

   ◯ Composition of API's Board of Directors After the Change (as of June 24, 2016)

4. Avex Management Inc. ("AMG") (as of June 24, 2016)

   New Title	Name	Current Title
   President, in Charge of Management Control, Management and Marketing Sales	Hiroaki Ito	President
   (Retiring)	Shigekazu Takeuchi	Director in Charge of Administration
   (Retiring)	Shinji Hayashi	Director in Charge of Management Control, Management and Marketing Sales
   Director in Charge of Administration	Hajime Shibata	(Newly appointed)

   Chairman of the Board	Masato Matsuura
   President	Hiroaki Ito
   Director	Hajime Shibata

   ◯ Composition of AMG's Board of Directors After the Change (as of June 24, 2016)

5. Avex Vanguard Inc. ("AVI") (as of June 24, 2016)

   New Title	Name	Current Title
   (Retiring)	Ryuhei Chiba	Director
   (Retiring)	Shigekazu Takeuchi	Director
   (Retiring)	Shinji Hayashi	Director
   Director	Hajime Shibata	(Newly appointed)

   President	Akira Akutsu
   Director	Hajime Shibata

   ◯ Composition of AVI's Board of Directors After the Change (as of June 24, 2016)

6. Avex Live Creative Inc. ("ALC") (as of June 24, 2016)

   New Title	Name	Current Title
   (Retiring)	Ryuhei Chiba	Director
   (Retiring)	Shigekazu Takeuchi	Director in Charge of Organization Administration Headquarters
   Director in Charge of Organization Administration Headquarters	Hajime Shibata	(Newly appointed)

   President	Katsumi Kuroiwa
   Vice President	Toshiro Hayashi
   Senior Executive Director	Yasuhiro Yamamoto
   Director	Hajime Shibata

   ◯ Composition of ALC's Board of Directors After the Change (as of June 24, 2016)

7. Avex Planning & Development Inc. ("APD") (as of June 24, 2016)

   New Title	Name	Current Title
   (Retiring)	Shigekazu Takeuchi	Director
   Director	Hajime Shibata	(Newly appointed)

   President	Yoshihito Aoki
   Director	Hajime Shibata

   ◯ Composition of APD's Board of Directors After the Change (as of June 24, 2016)

8. Avex Sports Inc. ("ASI") (as of June 24, 2016)

   New Title	Name	Current Title
   (Retiring)	Shinji Hayashi	Director
   Director	Hajime Shibata	(Newly appointed)

   President	Shojiro Ito
   Director	Hajime Shibata

   ◯ Composition of ASI's Board of Directors After the Change (as of June 24, 2016)

9. Avex Music Publishing Inc. ("AMP") (as of June 24, 2016)

   New Title	Name	Current Title
   (Retiring)	Shigekazu Takeuchi	Director
   Director	Hajime Shibata	(Newly appointed)

   President	Masahiro Anan
   Director	Hajime Shibata

   ◯ Composition of AMP's Board of Directors After the Change (as of June 24, 2016)

10. Avex Nico Inc. ("ANC") (as of June 24, 2016)

    New Title	Name	Current Title
    Director	Hajime Shibata	(Newly appointed)

    President	Hitomi Suzuki
    Vice President	Natsuko Fukuzoe
    Director	Hajime Shibata

    ◯ Composition of ANC's Board of Directors After the Change (as of June 24, 2016)

11. Avex Broadcasting & Communications Inc. ("ABC") (as of June 24, 2016)

    New Title	Name	Current Title
    Director	Masato Matsuura	Chairman of the Board
    (Retiring)	Ryuhei Chiba	President
    (Retiring)	Shigekazu Takeuchi	Director, Manager, Management Control
    (Retiring)	Akira Akutsu	Director, Manager, Advertisement
    President, Manager, Advertisement	Hisaou Wakaizumi	(Newly appointed)
    Director	Toshiro Hayashi	(Newly appointed)
    Director in charge of Management Control	Hajime Shibata	(Newly appointed)

    President	Hisaou Wakaizumi	Director	Yoshiaki Maeda
    Director	Masato Matsuura	Director	Naoki Ohsima
    Director	Shinji Hayashi	Director	Takanori Ashikawa
    Director	Toshiro Hayashi
    Director	Hajime Shibata
    Director	Rieko Muramoto

    ◯ Composition of ABC's Board of Directors After the Change (as of June 24, 2016)

12. UULA Inc. ("UULA") (as of June 24, 2016)

    New Title	Name	Current Title
    (Retiring)	Masato Matsuura	Chairman of the Board
    (Retiring)	Ryuhei Chiba	President
    (Retiring)	Shinji Hayashi	Director, Chief Director, Business Headquarters
    (Retiring)	Shigekazu Takeuchi	Director in Charge of Management Control
    President, Chief Director, Business Headquarters	Hisaou Wakaizumi	(Newly appointed)
    Director in Charge of Management Control	Hajime Shibata	Auditor
    Auditor	Nobuyuki Kobayashi	(Newly appointed)

    President	Hisao Wakaizumi
    Director	Hajime Shibata
    Director	Rieko Muramoto

    ◯ Composition of UULA's Board of Directors After the Change (as of June 24, 2016)

13. The Anime Times Company ("ATC") (as of June 9, 2016)

    New Title	Name	Current Title
    (Retiring)	Shigekazu Takeuchi	Director in Charge of Management Control
    Director in Charge of Management Control	Hajime Shibata	(Newly appointed)

    President	Hideo Katsumata
    Director	Yoshiki Terashima
    Director	Hajime Shibata
    Director	Kohei Furukawa
    Director	Masahiko Ibaraki
    Director	Shinichiro Tsuzuki

    ◯ Composition of ATC's Board of Directors after the change (as of June 9, 2016)

14. Avex Classics International Inc. ("ACI") (as of June 24, 2016)

    New Title	Name	Current Title
    (Retiring)	Shigekazu Takeuchi	Director
    Director	Hajime Shibata	(Newly appointed)

    President	Hiroyuki Nakashima
    Director	Hajime Shibata

    ◯ Composition of ACI's Board of Directors After the Change (as of June 24, 2016)

15. AWA CO. Ltd. ("AWA") (as of June 24, 2016)

New Title	Name	Current Title
(Retiring)	Shigekazu Takeuchi	Director in Charge of Management Control
Director in Charge of Management Control	Hajime Shibata	(Newly appointed)

Chairman of the Board	Masato Matsuura
President	Susumu Fujita
Director	Tetsutaro Ono
Director	Hisaou Wakaizumi
Director	Jun Yokota
Director	Hajime Shibata

◯ Composition of AWA's Board of Directors After the Change (as of June 24, 2016)