Freee K K : Announcement Regarding Completion of Payment for Issuance of New Restricted Shares to freee Employees and Partial Forfeiture of Rights

Note: This document is an English translation of the original Japanese language document and has been prepared solely for reference purposes. No warranties or assurances are given regarding the accuracy or completeness of this English translation. In the event of any discrepancy between this English translation and the original Japanese language document, the original Japanese language document shall prevail in all respects.

	March 18, 2022
Company Name	freee K.K.
Representative	Daisuke Sasaki,
	CEO and Representative
	Director
Code No.	4478, Tokyo Stock Exchange
	Mothers
Contact	Sumito Togo, CFO and Director
	(TEL. [phone])

Announcement Regarding Completion of Payment for Issuance of New Restricted Shares to

freee Employees and Partial Forfeiture of Rights for Restricted Shares

freee K.K. (the "Company") announces that payment for the issuance of new restricted shares, which was resolved at the Board of Directors' meeting held on February 14, 2022 ("New Share Issuance"), was completed today. The Company also announces that changes have been made due to a partial forfeiture, including changes to the initially planned number of issued shares. The details are provided below. For more information about the issuance of new restricted shares, please refer to "Announcement Regarding Issuance of New Restricted Shares to freee Employees" dated February 14, 2022.

1. Changes to the Overview of the Share Issuance (Changed Sections Are Underlined)

		After Change	Before Change
(1) Pay-in date	March 18, 2022	March 18, 2022
(2) Type and number of	42,230common shares of the	45,311 common shares of the
shares to be issued	Company	Company
(3) Issue price of shares	JPY 4,385 per share	JPY 4,385 per share
(4) Total issue price	JPY 185,178,550	JPY 198,688,735
(5) Allottees	42,230shares to be allocated to	45,311 shares to be allocated to
151employees of the Company	154 employees of the Company
		For the New Share Issuance, a	For the New Share Issuance, a
		securities registration statement	securities registration statement
(6) Other	has been submitted as required	has been submitted as required
		under the Financial Instruments	under the Financial Instruments
		and Exchange Act.	and Exchange Act.

Note: This document is an English translation of the original Japanese language document and has been prepared solely for reference purposes. No warranties or assurances are given regarding the accuracy or completeness of this English translation. In the event of any discrepancy between this English translation and the original Japanese language document, the original Japanese language document shall prevail in all respects.

2. Reason for Change

The difference between the actual number and the planned number of allottees and the planned number of shares to be issued is due to a forfeiture caused by the non-acceptance of the allocation of shares by two employees and by failure to complete the prescribed procedures by one employee who were assigned as allottees when the decision was made to issue new restricted shares.

3. Outlook

The impact of this change on the earnings results for the current fiscal year is negligible.