SoftBank Results Presentation Deck

SPACs Controlled by SBG's Subsidiaries Nine SPACs controlled by SBG's subsidiaries raised USD 3,304 mn in total through IPO in FY20 SBIA: USD 1,154 mn Investment fund business in Latin America: USD 230 mn Fortress: USD 1,920 mn (of which USD 345 mn from one entity that completed De-SPAC) Impact of eight SPACs controlled by SBG's subsidiaries on FY20 SBG consolidated F/S The proceeds can only be used for a merger with a target company and redemptions of the interests attributable to public market investors. Assets The proceeds received are held in a trust account until completion of merger with a target company and are invested only in certain financial assets that are highly liquid. The SPACs will cease all operations and redeem all interests attributable to public market investors in it, if it is unable to complete a merger within 24 months from the date of IPO (operating expenses of the SPAC are borne by the sponsor). Public market investors retain an option to redeem part or all of the proceeds contributed from them upon completion of the initial merger. Because the relevant SPACs will be obligated to redeem them for cash. under such conditions, non-controlling interests subject to possible redemption are classified as "liabilities", not as "equity" under IFRSs. SoftBank Other financial assets (non-current) Trust accounts in SPACs Liabilities Other financial liabilities (non-current) Non-controlling interests subject to possible redemption Impact of one SPAC (deconsolidated after De-SPAC) on FY20 SBG consolidated F/S ● Upon deconsolidation, the increase in the value of the shares held by the sponsor was recognized as gain. (JPY 13,516 mn) Group (JPY mn) FY20-end 327,569 (JPY mn) FY20-end 298,092 Accounting 19

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