March 31, 2022

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Company Name RepresentativeFrontier Management Inc. Shoichiro Onishi,Contact

Co-President & Executive Officer (TSE First Section Code No. 7038) Hiroaki Hamada,

Executive Officer, Head of Company Planning and Administration Department (TEL．+81-3-6862-8335)

Notice of Finalization of Issuance of Stock Compensation-type Stock Options

(14th Stock Acquisition Rights)

Based on the resolution of Board of Directors meeting held on February 10, 2022, Frontier Management Inc. (hereafter the "FMI") announced that the details of the issuance of stock acquisition rights to be allotted to FMI employees as stock compensation-type stock options (hereinafter referred to as "stock acquisition rights") that had not yet been determined have been finalized today.

Notes

1.Name of Shinkabu-Yoyakuken

Frontier Management Inc. 14th Stock Acquisition Rights

2.The persons to whom the Share Options are to be allotted, the number of such persons, and the number of Share Options to be allotted 1 employee 100 units of FMI

3.Amount to be paid for stock acquisition right

JPY 107,200 per stock acquisition right (JPY 1,072 per share)

The person to whom the Stock Acquisition Rights are allotted shall set off the same amount of monetary claim held against us against the obligation to pay the Amount To Be Paid In for the Stock Acquisition Rights.

(Reference)

Notice of Grant of Stock Compensation-type Stock Options (Stock Acquisition Rights) February 10, 2022

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Frontier Management Inc. published this content on 31 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2022 08:25:05 UTC.