Notice Regarding Completion of Partial Share Transfer of Rakuten Card Co., Ltd.

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Rakuten Group, Inc. (Head Office: Setagaya-ku, Tokyo; Chairman and CEO: Hiroshi Mikitani, hereinafter “the Company”), as announced in the disclosure titled “Announcement Regarding Strategic Capital and Business Alliance between Rakuten Card and Mizuho Financial Group”, completed the transfer of 14.99% of its common shares in Rakuten Card Co., Ltd. (Head Office: Minato-ku, Tokyo; President: Masayuki Hosaka, hereinafter “Rakuten Card”) to Mizuho Financial Group, Inc. (Headquarters: Chiyoda-ku, Tokyo; President & Group CEO: Masahiro Kihara).

　Additionally, effective, Rakuten Insurance Holdings Co., Ltd. (Head office: Minato-ku, Tokyo; President: Hiroshi Takasawa), which had been a consolidated subsidiary of Rakuten Card, changed its parent company to the Company through an in-kind dividend transaction by Rakuten Card in favor of the Company.

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