Tokyo, Japan and Cambridge, UK, 7 July 2021 – Sosei Group Corporation (“Sosei”; TSE Mothers Index: 4565) announces that it has determined the issuance terms and certain other matters for its Euro-yen denominated convertible bonds due 2026 (the “Bonds”; the stock acquisition rights incorporated therein shall be referred to as the “Stock Acquisition Rights”), the issuance and offering of which was resolved at the meeting of its Board of Directors held on 7 July 2021.

Particulars of the Bonds

1. Aggregate Principal Amount:          ¥30,000,000,000
2. Interest Rate:                               0.25% per annum on the outstanding principal amount of the Bonds                               

Particulars of the Stock Acquisition Rights

1. The Value of the Asset to be Contributed to Capital upon Exercise:   Equal to the principal amount of the Bonds
2. Conversion Price:                            ¥2,235

     (For Reference)

      Share Price, etc. on the Pricing Date (7 July 2021)

      (i)           Share Price (Closing Price) on the Tokyo Stock Exchange:             ¥1,825

      (ii)          Conversion Premium

                     [{(Conversion Price)/(Closing Price of the Shares) – 1} x 100] = 22.5%

                   *The Conversion Premium is being calculated on the basis of the closing price of the Shares.

Concurrent Repurchase and Cancellation of Existing Convertible Bonds

Sosei has determined that it will repurchase ¥15,750,000,000 in aggregate principal amount of the outstanding ¥16,000,000,000 0.5% Convertible Bonds due 2025 (ISIN: XS2198851219), which will be cancelled by Sosei after the repurchase.

-ENDS-