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Statement regarding press reports published December 4, 2019

Dec. 04, 2019
Recruit Holdings Co., Ltd.
Notification

Today, several news articles have reported that Recruit Co., Ltd., an intermediate holding company of Recruit Holdings Co., Ltd and MUFG Bank, Ltd. are to form a joint venture to develop plans for and establish new businesses related to financial services. While the companies have indeed signed an agreement to form a joint venture, the exact details are currently still under consideration.