Investor Presentaiton

SPACS Controlled by SBG's Subsidiaries SoftBank Group 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. • 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. Assets (JPY mn) FY20-end Other financial assets (non-current) Trust accounts in SPACS 327,569 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) (JPY mn) FY20-end 298,092 Accounting 19

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