Tokai Tokyo Financial : Determination of Details of Issuance of Stock Acquisition Rights as Stock Options

Press Release

5-1, NIHONBASHI 2-CHOME,CHUO-KU, TOKYO 103-6130 JAPAN

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(TSE, NSE: 8616) September 9, 2021

Determination of Details of Issuance of Stock Acquisition Rights

as Stock Options

We, Tokai Tokyo Financial Holdings, Inc., (hereinafter "the Company") announce that we finalized today the details of the issuance of the stock acquisition rights as stock options, in accordance with the resolution of the Board of Directors meeting held on August 23, 2021, as follows.

1. The final allocation regarding the parties and the number of the rights to be allocated to respective group of the parties:

Directors of the Company	3	58 rights
Employees of the Company	261	1,226 rights
Directors of the Company's Subsidiaries	28	160 rights
Total	292	1,444 rights

1. Number of shares to be issued upon exercise of the stock acquisition rights:
   1,444,000 shares of common stock of the Company
   (The number of shares to be issued upon exercise of each of the stock acquisition rights (i.e. "number of shares granted") shall be one thousand (1,000) shares of common stock of the Company.)
2. Offered unit value to be contributed into the Company's capital upon exercise of the stock acquisition

rights: ¥443,000 per unit of stock acquisition rights

(¥443 per share)

4. Total number of stock acquisition rights to be granted: 1,444 rights

Reference
1.	The date of the meeting of the Board of Directors of the Company in which the	May 19, 2021
	resolution was adopted to submit the proposal regarding the issuance of stock
	acquisition rights for approval to the Regular General Meeting of Shareholders:
2.	The date of the Regular General Meeting of Shareholders in which the	June 25, 2021
	proposed issuance of stock acquisition rights was approved:
3.	The date of the meeting of the Board of Directors of the Company in which the	August 23, 2021
	operating outline of the issuance of stock acquisition rights was determined:
4.	The date of the stock acquisition right allocation:	September 9, 2021

(end)

Contact: [phone], Corporate Communications, Tokai Tokyo Financial Holdings, Inc.