SoftBank Investor Presentation Deck

SoftBank Vision Fund (March 2019) Net Equity IRR SBG (LP) + Manager's performance fee 62% (To be updated at earnings results annually) Valuation Process SBIA is responsible for determining fair values on a quarterly basis in line with the requirements of the AIFM Directive (as issued by the FCAY The SBIA Valuation team is functionally independent from portfolio management and may engage external specialists with a high level of knowledge and experience as needed in determining the fair value of certain complex financial Instruments. In parallel f or Advisory Board ion Fund has appointed certain external firms as independent valuers to perform semi-annual independent valuation. Valuation results as determined by the SBIA Valuation team, with due consideration of the Independent Valuer's reports, are reviewed and approved by the SBIA Valuation and Finansial Risk CommitteeVFRC"). The VFRC comprises the SBA CEO, CFO, CRO, General Counsel and senior Investment Professionals. Once approved by the VARC, valuation results are subject to a financial statement audit by the Vision Fund's independent auditors (Deloitte <Valuation Methodology The applicable reporting framework of the Vision Fund is IFRS the "Standards" Specifically, FRS 13 (Fair Valbe Measurement) outlines the general framework for measuring fair values. The Vision Fund is also compliant with the International Private Equity and Venture Capital (IPEV) valuation guidelines. In line with the Standards, the Vision Fund uses valuation techniques that are appropriate in the sircumstances and for which sufficient/data are available to measure fair value, maximising the use of relevant observable inputs (market share price, etc.) and minimising the use of unobservable inputs. For companies that are publicly listed in an active market, quoted prices are used without adjustment to measure fair value For companies that are privately held, the market and income approaches are widely used valuation techniques. The market approach includes the use of Guideline Public Company multiples, industry valuation benchmarks and available market prices. The income approach otherwise known as the Discounted Cash Flows s method, depives the value of business by calculating the present value of expected future cash flows. The price of a recent transaction, if resulting from an orderly transaction, generally represents fair value as of the transaction date. In applying the recent transaction method, we consider relevant factors including, but not limited to, the participation of new outside investors, the level of sophistication of investors and the size of the investment round. Further, we recognize the senior-subordinate structure of the companies we invest in i.e. senior shares are worth more than junior ranking shares. Equittent Performance> ans the internal rate of return of Net of Cla Value atteutsible to Class A Equity Interests as of March quity Interests after management fees perforplange fees, Preferred Equity Coupon and other expenses. It is based on the limited partners' equity cash outflows (capital contributions), inflows (distributions) and share of the subscription line of credit activities, net of investment-related finanding, and the Net Asset 31 2819 Net Equity IRR(SBG LP Manager's performance Fee) is the same as Net Equity IRR computation but includes the addition of accrued performance fees for the Manager. "Equity" IRRs are pa Results for individu polely for illustrative purposes, as t has they reflectomy a subsele ureve te funds overall performance, and do not reflect the return on Preferred Equity Commitments (which will have a material impact on the Vision Fund's performance in the aggregate, which could be significantly lower), and may not reflect the experience of any limited partner. ed partners will vary based on th well as the timing of their specific cash flows The Vision Fund has a limited operating history and accordingly performance Information may not be representative and actual realized return on these unrealized investments may differ materially from the performance information indicated herein. The Vision Fund performance is based in part of valuations of certain investments that were collectively acquired recently by the Vision Fund from SoftBank Group Corp. accordingly, the performance information herein is based in part on valuations of unrealized investments and is not indicative of future results. Such investments and the subsequent performance thereof had a positive impact on the performance of the Vision Fund. SoftBank Group Corp is under no obligation to collectively Vision The Managers p s performance fee is deferred until the end of investment period and may not ultimately be paid out. Past performance is not indicative of future results. Please refer to the disclaimers at the front of this Presentation for more important qualifying information about the performance information herein. 65

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