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dateAugust 27, 2004
Share Offering and Stock Split

On August 27, 2004, Rakuten, Inc. announced the offering of 46,000 common shares of which 40,000 shall be new shares and 6,000 shall be from existing shares. The shares will be priced between September 7th and September 9th, 2004. Proceeds from the share offering will be used for the acquisition of Aozora Card, repayment of debt, and application towards equity investments and loans. The application period for purchase of shares is between September 10th and September 14th, 2004. Settlement of payment is between September 15th and September 17th.

Rakuten, Inc. will split its stock ten-for-one (10:1) for shareholders of record on December 31st, 2004. The stock split will be made effective on February 21st, 2005. (For full release, please refer to Japanese IR release.)

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