ValueAct Capital Activist Presentation Deck

ValueAct Believes Transforming Seven & i Holdings into Global Champion 7-Eleven Can Accomplish The Following: 1 Fix the corporate governance system that has persistently failed to align to shareholder interests 2 Remediate the dysfunctional management environment and low employee morale 3 Increase the focus on key competitive and sustainability risks which will have consequences for the Company and its stakeholders over decades 4 More than double the share price and substantially increase long term corporate value

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