Japan Exchange : Feb. 27, 2017 Disclosure Candidates for Directors, Executive Officers, etc.

[Translation]

February 27, 2017

Company Name: Japan Exchange Group, Inc.

Name of Representative: Akira Kiyota, Director & Representative

Executive Officer, Group CEO (Code No.: 8697, TSE 1st Section)

Inquiries: Corporate Communications (TEL: [phone])

Candidates for Directors, Executive Officers, etc.

We hereby announce that Japan Exchange Group (JPX), Inc. decided on candidates for directors, executive officers, etc. effective from April 1, 2017.

The new candidates are as follows.

1. Japan Exchange Group, Inc. (JPX)

2. New Candidate for Director (to be proposed at the annual general shareholders meeting to be held in

   June 2017)

   Director Makoto Minoguchi

   (effective at the end of the annual general shareholders meeting to be held in June 2017)

   Director Masayuki Hirose

3. New Candidates for Executive Officers (effective on April 1, 2017) Senior Executive Officer Ryusuke Yokoyama

   Senior Executive Officer Yoshihiro Isaka

   (effective on March 31, 2017) Senior Executive Officer HiroyukiShibuya

   Senior Executive Officer Moriyuki Iwanaga (Nominatedas TSE Senior Executive Officer) Executive Officer Takeshi Hirano (Nominatedas JPX-RStanding Governor)

4. Tokyo Stock Exchange, Inc. (TSE)

5. New Candidates for Directors (effective on April 1, 2017) Director Moriyuki Iwanaga

   Director Yasuyuki Konuma

   (effective on March 31, 2017) Director Kiyoyuki Tsuchimoto

   Director Masaki Shizuka (Nominated as JSCC Senior Executive Vice President)

   Director Hiroyuki Shibuya

6. New Candidates for Executive Officers (effective on April 1, 2017) Senior Executive Officer Moriyuki Iwanaga

   Executive Officer Hiroki Kawai

   (effective on March 31, 2017) Executive Vice President Kiyoyuki Tsuchimoto

   Executive Vice President Masaki Shizuka (Nominated as JSCC Senior Executive Vice

   President) Senior Executive Officer HiroyukiShibuya

   Executive Officer Hiroyasu Ichimoto (Nominatedas JSCCExecutive Officer) Executive Officer Atsushi Tabata (Continue to remain as JPX Executive Officer)

7. Executive Officers with New Titles (effective on April 1, 2017) Senior Executive Officer Ryusuke Yokoyama Senior Executive Officer Yoshihiro Isaka

8. New Candidate for Statutory Auditor (to be proposed at the annual general shareholders meeting to be held in June 2017)

   Statutory Auditor Makoto Minoguchi

   (effective at the end of the annual general shareholders meeting to be held in June 2017)

   Statutory Auditor Masayuki Hirose

9. Osaka Exchange, Inc. (OSE)

10. New Candidate for Director (effective on April 1, 2017) Director Tatsuya Kamiki

    (effective on March 31, 2017)

    Director Kotaro Yamazawa

11. New Candidates for Executive Officers

    Senior Executive Officer Ryusuke Yokoyama (effective on April 1, 2017) Senior Executive Officer Kazuo Fukuda (effective in June 2017) Executive Officer Akira Tagaya (effective on April 1, 2017)

    (effective on March 31, 2017) Senior Executive Vice President Kotaro Yamazawa Senior Executive Officer HiroyukiShibuya

    Executive Officer Hiroyasu Ichimoto (Nominated as JSCC Executive Officer)

    Executive Officer Atsushi Tabata (Continue to remain as JPX Executive Officer)

12. Executive Officer with New Title (effective on April 1, 2017) Senior Executive Officer Yoshihiro Isaka

13. Japan Exchange Regulation

14. New Candidate for Governor (effective on April 1, 2017)

    Standing Governor Takeshi Hirano

15. Standing Governor with New Title (effective on April 1, 2017) Managing Governor Yasushi Suzuki

16. Japan Securities Clearing Corporation

17. New Candidates for Directors (to be proposed at the annual general shareholders meeting to be held

    on June 2017)

    Director Masaki Shizuka

    Director Hiroyasu Ichimoto

    Director Makoto Sonobe (effective at the end of the annual general shareholders meeting to be held in June 2017)

    Director Mitsuhiro Hasegawa (effective on March 31, 2017)

    Director Makoto Minoguchi(effective in June 2017)

18. New Candidates for Executive Officers (effective on April 1, 2017) Senior Executive Vice President Masaki Shizuka

    Executive Officer Hiroyasu Ichimoto

19. New Candidate for Standing Statutory Auditor (to be proposed at the annual general shareholders

meeting to be held in June 2017) Standing Statutory Auditor Hiroshi Kagiwada

(effective at the end of the annual general shareholders

meeting to be held in June 2017) Standing Statutory Auditor Tetsuya Kawamoto

DISCLAIMER: This translation may be used for reference purposes only. This English version is not an official translation of the original Japanese document. In cases where any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. This translation is subject to change without notice. Japan Exchange Group, Inc., and/or its affiliates shall individually or jointly accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or changes with regard to this translation.

Reference 1

Curricula Vitae of New Candidates

(Appendix)

Name ：Makoto Minoguchi

Date of Birth ：Mar. 14, 1961 Brief Biography and Position：

Apr. 1984 Joined Tokyo Stock Exchange

Jun. 2007 Director, General Administration Department, Tokyo Stock Exchange, Inc. Aug. 2007 Director, General Administration Department, Tokyo Stock Exchange Group,

Inc.

Jun. 2009 Director, Corporate Strategy Department, Tokyo Stock Exchange Group, Inc.

Oct. 2010 Director, Listing Examination Department, Tokyo Stock Exchange Regulation (currently Japan Exchange Regulation)

Jun. 2011 Standing Governor, Tokyo Stock Exchange Regulation (currently Japan Exchange Regulation)

Jun. 2015 Managing Director, Japan Securities Clearing Corporation(current position)

Name ：Ryusuke Yokoyama

Date of Birth ：May 6, 1963 Brief Biography and Position：

Apr. 1986 Joined Tokyo Stock Exchange

Jun. 2009 Director, IT Business Department, Tokyo Stock Exchange, Inc. Apr. 2011 Executive Officer, Tokyo Stock Exchange, Inc. (current position)

Name ：Yoshihiro Isaka

Date of Birth ：Jul. 6, 1955 Brief Biography and Position：

Apr. 1979 Joined Ministry of Finance, Japan

Jun. 1998 Director, International Office, Financial Supervisory Agency

Jul. 2000 Director, Office of International Operations, National Tax Agency Jul. 2003 Director, Examination Division, National Tax Agency

Jun. 2004 Minister, Embassy of Japan in London

Jul. 2007 Deputy Commissioner (International), National Tax Agency Jul. 2009 Commissioner, Nagoya Regional Taxation Bureau

Aug. 2010 Deputy Director-General, European Affairs Bureau, Ministry of Foreign Affairs

Jul. 2012 Deputy Director-General, National Tax Tribunal

Jun. 2013 Executive Officer, Tokyo Stock Exchange, Inc. (current position) Jun. 2014 Executive Officer, Osaka Exchange, Inc. (current position)