Comments on Certain Media Reports regarding WeWork Senior Secured Notes

SoftBank Group Corp.

SoftBank Group Corp. (“SBG”) notes that certain media reports alleging that SBG has made an additional commitment of USD 1.1 billion to The We Company (“WeWork”) are not correct.

On August 12, 2020, a wholly owned subsidiary of SBG entered into an agreement with WeWork to commit to purchase up to USD 1.1 billion of senior secured notes issuable by WeWork (the “Senior Secured Notes”) as contemplated by the original Master Transaction Agreement dated October 22, 2019 between SBG and WeWork. SBG’s commitment to purchase such Senior Secured Notes is not, therefore, the provision of additional financial support to WeWork, but rather the provision of a previously agreed form of financing. Moreover, as of today’s date, WeWork has not issued the Senior Secured Notes.

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