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Part 1: Restructure to center on fast-growing SHOPLIST; transfer the volatile Social Games Business to concentrate management resources

RELEASE

CROOZ, Inc. (headquarters: Minato-ku, Tokyo; CEO: Koji Obuchi) hereby announces that the Board of Directors, at a meeting held on October 13, 2016, formulated a policy for “revising the business portfolio to persist as a long-lasting company, making SHOPLIST the brand that represents fast fashion e-commerce,” and made three decisions based on this policy. The first decision is to concentrate management resources on fast-growing SHOPLIST.com and transfer the highly volatile Social Games Business. As a result, the Social Games Business excluding Elemental Story will be transferred to the Mynet Group*.

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