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Investor Presentaiton

Details and Progress of the Agreement between the Company and WeWork in Oct 2019 and in FY20 Existing commitment of USD 1.5 bn Tender offer Reduction of exercise price from USD110.00/share to USD 11.60/share and early payment Tender offer up to USD 3.0 bn at USD 19.19/share •The Company paid full amount of USD 1.5 bn in Oct 2019. • SoftBank Group • USD 200 mn was converted into preferred stock in Nov 2019, while the remaining USD 1.3 bn was converted into preferred stock in Apr 2020. The Company launched the tender offer in Nov 2019, but terminated it in Apr 2020 as the Company asserted several of the closing conditions were not satisfied by the deadline. Credit support/ notes purchase Exchange of SVF1's JV shares a) Credit support for USD 1.75 bn letter of credit facility by financial institutions to WeWork b) Up to USD 2.2 bn in unsecured notes to be issued by WeWork c) Up to USD 1.1 bn in senior secured notes to be issued by WeWork Exchange of WeWork JV shares held by SVF1 for WeWork preferred stock In settling lawsuits relating to the terminated tender offer, the Company purchased common stock and preferred stock of WeWork at a price of USD 19.19/share (USD 1.5 bn in total) from (1) We Holdings LLC (an affiliated holding company of Adam Neumann) via a private sale in Feb 2021, and (2) certain other shareholders of WeWork via a tender offer launched in Mar 2021 and completed in Apr 2021. •The Company received warrants that are exercisable for WeWork preferred stock at an exercise price of USD 0.01/ share as consideration for a) and b) The Company agreed the followings with WeWork and BowX in conjunction with the agreement relating to the merger transaction between the two companies: (1) The conversion and exchange of WeWork preferred stock held by the Company into common stock of the merged company upon the merger. • Purchased USD 1.8 bn out of b) (2) For a), extension of credit support by the Company as co-obligor to the credit facility for an additional year until February 2024, subject to the financial institutions agreeing to the extension . • by the end of FY20 Agreed in Aug 2020, but the notes have not been issued by the end of FY20 (3) For c), an amended amount up to $550 million to be purchasable by the Company until February 12, 2023 or for a period of 18 months from the closure of the merger transaction, whichever comes first. As consideration for (1) and (2), the Company will acquire warrants that are exercisable for common stock of the merged company at the price of USD 0.01/ share, as adjusted, when each is completed. • The exchange of WeWork Asia shares at USD 11.60/share was completed in Apr 2020. The exchange of WeWork China was canceled. Accounting 10
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