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dateOctober 4, 2004
New Issuance of Stock Options for Rakuten Subsidiary

On October 4, 2004, Rakuten, Inc. announced the new issuance of stock options for Rakuten Travel, a fully owned subsidiary of our company. At a Rakuten Travel board of directors meeting held on October 4, 2004, the board passed a resolution to grant 2,000 stock options to company employees. Each stock option may be exchanged for one common share between August 1, 2005 and July 31, 2008. This is the first time for Rakuten Travel to grant stock options. (For full release, please refer to Japanese IR release.)

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