Oak Capital Corporation

Disclosure Policy

Oak Capital is committed to providing accurate, timely and impartial information to shareholders and other investors in compliance with the “regulations concerning timely disclosure of corporate information by issuers of listed securities” (hereinafter “timely disclosure regulations”) established by the Tokyo Stock Exchange (hereinafter “TSE”).In addition, it is our policy to actively release other corporate information not falling under the timely disclosure regulations whenever deemed to be of relevance for our stakeholders in their understanding of our company.

1. Criteria of Disclosure

As provided for in sections 2.~4, Oak Capital will perform disclosures in a fair and timely manner as following circumstances require: (1) whenever management decisions, significant events and information related to financial results are bound to produce an effect on investment judgments, (2) whenever the TSE may request disclosure of certain information and (3) whenever major changes occur such as discontinuation of previously disclosed important corporate information.

2. Method of Information Disclosure

Disclosure of information falling under the timely disclosure regulations is in principle publicized through the Timely Disclosure Information Communication System (TDnet) provided by the TSE after explaining such disclosure to the TSE prior to the release.Upon the public release on TDnet, Oak Capital will post each piece of information on its website as soon as possible.Please be advised that such website posting could to some extent be delayed depending on the state of our computer system.

3. Future Prospects

Information posted on Oak Capital’s website may contain information relating to its future strategy, projections and so forth.Please bear in mind that all statements which are not historical facts are future projections established based on certain assumptions and currently available information.Future business performance may therefore significantly vary from any particular projection due to various external factors such as changes in economic conditions.When evaluating Oak Capital’s performance or enterprise value, we request that you do not rely on these projections entirely.

4. Silent Period

In the US, it has become a regular practice to fix a silent (or “quiet”) period and refrain from making any comments on financial results during the preparation of account settlement explanatory documentation so as to prevent leakage of corporate information likely to affect share prices.Instead of fixing such silent period, Oak Capital will perform appropriate disclosure in compliance with the timely disclosure rules in the event discrepancies from projections are found.Oak Capital will otherwise not answer questions concerning the settlement of accounts or the prospect of business results or make comments on any related matters.

5. Other

When browsing Oak Capital's website for information, please refer to Disclaimer posted on the website, in addition to this Disclosure Policy.