SBI : Responds to Media Reports

This document is an English translation of the official Japanese version of the press release (the"Official Japanese Version"). This English translation was prepared for your reference, to help you understand what is stated in the Official Japanese Version. In the event of any discrepancy between the Official Japanese Version and the English translation, the Official Japanese Version will prevail.

		December 10, 2021
Address:	1-6-1 Roppongi, Minato-ku, Tokyo
Company:	SBI Holdings, Inc.
(Code No.: 8473, TSE 1st Sec.)
	Representative
Representative:	Director, President &	Yoshitaka Kitao
	CEO
Contact:	Executive Officer	Hideyuki Katsuchi
Tel:	[phone]

SBI Holdings, Inc. Responds to Media Reports

Nikkei Inc. has reported last night that the wholly owned subsidiary company of SBI Holdings, Inc. ("SBIHD"), SBI Regional Bank Holdings Co., Ltd., is planning to apply for regulatory approvals to become a bank holding company by the end of this year, however, this report is not based on any facts announced by SBIHD nor has been released by SBIHD.

As stated in the "Notice Regarding Our Response to Questions from Deposit Insurance Corporation of Japan" dated November 12, if the tender offer for Shinsei Bank, Limited. (the "Shinsei Bank") (the "Tender Offer"), which is scheduled to be terminated today, is to be successfully concluded, SBIHD considers that on the premise of obtaining the requisite approval for a bank holding company based on the authority's approval, it will acquire the majority of the shares of Shinsei Bank while sufficiently considering the interests of general shareholders, at the stage where the enhancement of the Shinsei Bank's corporate value is put on the road under

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its new composition of board of directors. Nonetheless, while SBIHD considers starting discussions with the authorities at an appropriate time in the future, no discussion has been made so far as to whether or not, or when either any of the entity of the SBI Group would apply for regulatory approvals to become a bank holding company, and there are no facts that the SBI Group is planning to apply by end of this year. Any matters that need to be disclosed in the future will be disclosed in a timely manner.

In the meantime, the results of the Tender Offer are scheduled to be announced on December 11 (announcement time is to be determined).

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For further information, please contact:

SBI Holdings, Inc. Corporate Communications Dept., Tel: [phone]

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