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Notice Regarding Extraordinary Gain and Confirmed Items Related to Changes to Subsidiary (Share Transfer)

RELEASE

CROOZ, Inc. (“CROOZ”) announces that it has confirmed the breakdown and amount of assets and liabilities to be spun off, as well as the share transfer price that had yet to be confirmed in the “Notice Regarding the Corporate Divestiture (Simplified Incorporation-Type Split), Changes to Subsidiary and Second-Tier Subsidiary, and the Transfer of Shares” released on October 13, 2016. CROOZ also announces that it expects to book an extraordinary gain related to this transaction. Details are outlined below.

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