Note: This document is an English translation of the original Japanese language document and has been prepared solely for reference purposes. No warranties or assurances are given regarding the accuracy or completeness of this English translation. In the event of any discrepancy between this English translation and the original Japanese language document, the original Japanese language document shall prevail in all respects.

August 12, 2020

Company Name

freee K.K.

Representative

Daisuke Sasaki,

CEO and Representative Director

Code No.

4478,Tokyo Stock Exchange

Mothers

Contact

Sumito Togo, CFO and Director

(TEL. +81 3-6630-3231)

Announcement regarding Posting of

an Extraordinary Loss (a Valuation Loss of Investment Securities)

freee K.K. announces that we have decided to post an extraordinary loss (a valuation loss of investment securities) for the fiscal year ending June 30, 2020 (from July 1, 2019 through June 30, 2020) as stated below.

1. Details of the Extraordinary Loss (a Valuation Loss of Investment Securities)

As a result of valuation of investment securities in possession of freee K.K. based on their financial

standing and future outlook, we have decided to post a valuation loss of investment securities of ​29 million yen by impairment accounting for the fiscal year ending June 30, 2020.

2. Impact on the Business Forecast

Our outlook for the fiscal year ending June 30, 2021 and onward remains unchanged despite this extraordinary loss.

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freee KK published this content on 12 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2020 06:07:16 UTC