Announcement Regarding the Completion of the Share Repurchase Program

GMO Internet, Inc. (the Company) hereby announces that the Company repurchased its own shares in accordance with Article 459-1 of the Japanese Companies Act and the company’s articles of incorporation and that it has completed the repurchase resolved at the Board of Directors meeting held on February 12, 2021. The Company resolved at a board of directors meeting held today to retire treasury shares - out of which approximately JPY 2.97 billion is about 17% (=50-33; the Company aims to return 50% of profits to shareholders, and the dividend payout ratio is a minimum of 33%) of consolidated net profit for the fiscal year 2021 - pursuant to Article 178 of the Companies Act. For details, please see the press release dated February 21, 2022, entitled “Notice of Retirement of Treasury Share.”

Please refer to the material below for more details.

https://ir.gmo.jp/en/pdf/irlibrary/gmo_disclose_info20220221_03_e.pdf