(Revision) Notice Regarding the Commencement of a Tender Offer by Our Consolidated Subsidiary Seibu Real Estate Co., Ltd. for EGRAND Co., Ltd. (Securities Code: 3294) and Amendments to the Tender Offer Commencement Announcement

Overview and Amendments of the Tender Offer

Seibu Real Estate Co., Ltd., based on the board resolution dated March 31, 2026, decided to acquire common shares and stock acquisition rights of EGRAND Co., Ltd. through a tender offer under the Financial Instruments and Exchange Act, and commenced the tender offer on April 1, 2026. Following receipt of a notice from the Japan Fair Trade Commission that no exclusion order will be issued, certain disclosure items in the tender offer notification and tender offer commencement announcement were corrected. Consequently, a corrected tender offer notification was submitted to the Director of the Kanto Local Finance Bureau on April 22, 2026. The amendments do not constitute changes to the tender offer conditions.

Impact on Investors and Future Outlook

The correction concerns partial revisions to the description regarding conditions for withdrawal of the tender offer and does not change the tender offer conditions themselves. Clarification is made that decisions by the target company's executive body related to dividend distribution of surplus or share buyback may constitute grounds for withdrawal of the tender offer. Investors should closely monitor the progress of the tender offer and any further responses from the Japan Fair Trade Commission.