Comment on Moody’s Report Related to Unsolicited Rating

SoftBank Group Corp.

Moody’s Japan K.K. (“Moody’s”) issued a report regarding SoftBank Group Corp. (“SBG”) on November 20, 2023. However, SBG has not obtained a credit rating from Moody’s. SBG has neither provided any information to Moody's regarding their rating nor has received any requests for information or inquiries from the company for more than three years since we withdrew our request for a rating on March 25, 2020. Moody’s opinion is therefore based on their subjective assumptions and hypotheses with no reasonable basis for support. Since March 2020, SBG has repeatedly requested Moody's to remove the unsolicited rating and to change the method of publication to avoid any misinterpretation by investors as a granted credit rating. Over time, the transparency of their analysis has continued to decline, and the disparity with our actual situation is widening. As SBG has strongly protested in the past, Moody’s should immediately cease the publication of unsolicited credit rating about SBG that do not reflect the company’s actual situation.

SBG’s credit is only rated by S&P Global Ratings (S&P) and Japan Credit Rating Agency, Ltd. (JCR). SBG will continue to provide S&P and JCR with accurate information necessary for their rating analyses, such as our management strategy, financial policies and financing matters, through interviews with our management and other means of communications.

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