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Name of wholly owned subsidiary Travel Online Co., Ltd. (online travel business operator) changed to CROOZ TRAVELIST Inc., and launch of revamped low-cost airline ticket sales site “TRAVELIST by CROOZ”

RELEASE

CROOZ, Inc. (headquarter: Minatoku, Tokyo; CEO: Koji Obuchi; hereinafter “CROOZ”) hereby announces that its wholly owned subsidiary Travel Online Co., Ltd. (headquarter: Minato-ku, Tokyo; President and CEO: Takeyuki Fukumoto), an online travel business operator, has changed its name to CROOZ TRAVELIST Inc. (hereinafter “CROOZ TRAVELIST”) and concurrently revamped its low-cost airline ticket sales site “airtown,” relaunching it as “TRAVELIST by CROOZ.”

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