Last Updated: 2009.08.26
Treasury stock purchase arising from shareholder opposition to subsidiary absorption
FAST RETAILING CO., LTD.
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After announcing our intention on May 21, 2009, FAST RETAILING CO., LTD. absorbed two fully owned subsidiaries, GLOBAL RETAILING CO., LTD. and GLOBAL INVESTMENTS CO., LTD. on July 1 according to the simple merger procedure.
The requirement under Corporate Law 797 Item 1 to redeem FAST RETAILING stock held by shareholders opposed to the merger has led us to purchase some treasury stock today as detailed below:
| 1. | Stockholders opposed to the merger | 5 shareholders |
| 2. | Receipt of redemption request | June 30, 2009 |
| 3. | Number of shares for redemption | 67,700 common shares |
| 4. | Shares purchased | 63,500 common shares ※ The difference of 4,20 shares between the number of shares initially submitted for redemption and the actual number of shares purchased was due to the retraction of a redemption request. |
| 5. | Monetary value of purchase | ¥681,228,000（¥10,728 per share） |
| 6. | Date of purchase | August 26, 2009 |
| 7. | Method of purchase | Off-market trading |
