AOKI Holdings Announces Determination of Disposal Price, Selling Price and Other Matters

AOKI Holdings Inc. (TOKYO:8214)(ISIN:JP3105400000) hereby serves notice that it has determined the disposal price, the selling price and other matters relating to the disposal of treasury stock and the secondary offering of stock, which were resolved at the meeting of the Board of Directors held on February 17, 2014. Details are as follows.

2. Syndicate cover transaction period

From Friday, February 28, 2014 to Monday, March 17, 2014

3. Current use of proceeds

The Group estimates that the net proceeds from the public offering and the Third-Party Allotment are a maximum of 11,365,260,000 yen. Of this amount, 11,300 million yen will be used for the AOKI Group’s capital expenditures between now and March 2015. The remainder is to be used for part of the repayment of a loan due in September 2014 that was taken out in association with ANNIVERSAIRE MINATO MIRAI YOKOHAMA that started operations in February 2014.

In the Fashion Business, the Group plans to make capital expenditures of 4,432 million yen to open 62 stores, 1,406 million yen to refurbish 72 stores (including one store to be rebuilt), and 498 million yen for an IT system for the centralized processing of operating data. In the ANNIVERSAIRE and Bridal Business, the Group plans to make capital expenditures of 634 million yen for the renovation of nine locations. In the Karaoke Facility Operations Business, the Group plans to make capital expenditures of 1,308 million yen for 16 new locations and 457 million yen to refurbish 15 locations. In the Café Complex Operations Business, the Group plans to make capital expenditures of 2,344 million yen for 36 new locations and 221 million yen to refurbish 14 locations.

Please refer to "Disposal of Treasury Stock and Secondary Offering of Stock” released on February 17, 2014 for the details of the facilities in which the intended capital expenditures will be made.

Determination of Disposal Price, Selling Price and Other Matters, summarized below. Complete details are available at http://ir.aoki-hd.co.jp/en/Top.html.

Note: The original disclosure in Japanese was released on February 25, 2014 at 17:00 (GMT +9).

Caution: These materials were prepared for the public disclosure of information concerning the disposal of treasury stock and the secondary offering of stock and not for the purpose of soliciting investments in the Company. Investors are urged to reach decisions concerning investments only after reading prospectus on the disposal of treasury stock and the secondary offering of stock as well as any amendments (if any) prepared by the Company.

About AOKI Group

As a corporate group that continues to break the mold and innovate, the AOKI Group has worked to meet the needs of customers in a variety of life scenes. This has led to our expansion into new markets, including the bridal and entertainment businesses.