CyberAgent : Notice Concerning Change of Directors

CyberAgent, Inc. (Head office: Shibuya-ku, Tokyo; President: Susumu Fujita; listed in the first section of Tokyo Stock Exchange; Stock Code: 4751) hereby announces that the Board of Directors decided to propose the election of directors at the annual shareholders' meeting on December 16, 2016, based on 'CA8', our own director change system as follows.

1. New director candidate　（to be proposed election at the annual shareholder's meeting on December 16, 2016)
（1）Position Change

New Title	Name	Current Title
Director	Koki Ukita	President of Applibot, Inc.
Director	Tetsuhito Soyama	Corporate Officer HR Development Dept. GM

（2）Position Change Date　　December 16, 2016

2. Retired Director
（1）Position Change

Name	Current Title
So Miyazaki	Director
Hiroki Urabe	Director

（2）Position Change Date October 7, 2016

Reference​）

New Board Member

[Title]	President	Executive Vice President	Executive Managing Director	Managing Director	Managing Director	Director
[Name]	Susumu Fujita	Yusuke Hidaka	Yasuo Okamoto	Go Nakayama	Masahide Koike	Takahiro Yamauchi

Previous Board Member

[Title]	President	Executive Vice President	Executive Managing Director	Managing Director	Managing Director	Director	Director	Director
[Name]	Susumu Fujita	Yusuke Hidaka	Yasuo Okamoto	Go Nakayama	Masahide Koike	Takahiro Yamauchi	So Miyazaki	Hiroki Urabe

Also we plan to appoint Mr. Koichi Nakamura, who is a former senior advisor of Recruit Holdings Co.,Ltd as an outside director and the selection of outside director is discussed at the 19 annual meeting of shareholders scheduled to be held in December 16, 2016.

What's 'CA8'?

'CA8' is our own director change system started in 2008. CyberAgent's Board of Directors consists of eight members. In order to aim the expansion of performance, to make officers configuration tailored to the business strategy, and to create a strong organization that holds a lot of management personnel, CyberAgent replaces two directors every two years.