Personnel Change Announcement

TOKYO, February 20, 2012 -- Rakuten, Inc. (JASDAQ: 4755) today announced the following personnel changes, which were approved by its Board of Directors on February 20, 2012.


1. Appointment of new directors (As of March 29, 2012）
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■Name：Jun Murai

■Biography：
【August 1984】
    --- Assistant, Center for Information Technologies and Networks, Tokyo Institute of Technology
【March 1987】
    --- Obtained PhD in Engineering from Keio University
【April 1987】
    --- Assistant, Mainframe Computing Center, University of Tokyo
【April 1990】
    --- Associate Professor, Faculty of Environment and Information Studies, Keio University
【April 1997】
    --- Professor, Faculty of Environment and Information Studies, Keio University (current position)
【June 1999】
    --- External Director, SoftBank Corp.
【May 2005】
    --- Executive Director, Keio Gijuku Educational Corporation
【April 2007】
    --- Director, SKY Perfect JSAT Corporation (current SKY Perfect JSAT Holdings Inc.)
【October 2009】
    --- Dean, Faculty of Environment and Information Studies, Keio University (current position)
【September 2011】
    --- External Director, BroadBand Tower, Inc. (current position)

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■Name：Yoshihisa Yamada

■Biography：
【April 1987】
    --- Joined The Industrial Bank of Japan
【May 1992】
    --- Obtained MBA from Harvard Business School
【September 1999】  
    --- Joined Goldman Sachs
【February 2000】
    --- Director, Rakuten, Inc.
    --- Executive Director, Rakuten, Inc.
【March 2004】
    --- CEO, MyTripNet, Inc. (current Rakuten Travel, Inc.)
【March 2007】
    --- Resigned as Director of Rakuten Inc.
    --- Resigned as CEO of Rakuten Travel, Inc.
【August 2010】
    --- Executive Operating Officer, Rakuten Inc. (current position)
    --- CEO, bitWallet Inc. (current position)
【January 2011】
    --- Vice Chairman, Rakuten Travel, Inc. (current position)
【January 2012】
    --- Director, Kobo Inc. (current position)

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The above two director candidates are scheduled to take their new position based on the approval obtained at the 15th annual shareholders meeting of Rakuten, Inc. to be held on March 29, 2012.

Jun Murai is also an external director candidate for Rakuten, Inc.


2. Outgoing director (As of March 29, 2012）

Takao Toshishige

Takao Toshishige will continue as Operating Officer working on his specific duties.