Press Releases

Additional information on the Asset Management Subsidiary described at the Earnings Results Briefing for the 3-month Period Ended June 30, 2020

SoftBank Group Corp.

SoftBank Group Corp. (“SBG”) today released the following additional information on the asset management subsidiary (the “Asset Management Subsidiary”) that was described at the recent Earnings Results Briefing.

About the Asset Management Subsidiary

PurposeManaging SBG’s excess cash and diversification of SBG’s assets
Capital investmentUSD 555 million (JPY 60 billion)
ShareholdingSBG 67%, Masayoshi Son, Chairman & CEO 33%
Size of Entrusted OperationsThe amount of cash and assets SBG entrusts to the Asset Management Subsidiary will fluctuate depending upon SBG’s liquidity needs, available cash, and the state of the assets SBG holds.
DisclosureInvestment holdings will be disclosed periodically as required in accordance with U.S. SEC, Tokyo Stock Exchange and other rules.
Investment criteriaPrimarily highly liquid publicly listed stocks
Investment methodEstablish a fund, SBG makes loans of cash and publicly traded securities to the fund, and the fund makes direct and derivative investments
Fund periodThe life of the fund will be 12 years + extension of 2 years (same as SoftBank Vision Fund)

If, at the end of the fund life, the Asset Management Subsidiary has any unfunded repayment obligations to SBG, Masayoshi Son has agreed to pay his pro rata share of any such unfunded obligations based upon his relative ownership percentage of the Asset Management Subsidiary.

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