Aeon to acquire Aeon Mall in share exchange

** AEON Co., Ltd. and AEON Mall Co., Ltd. announced that they have entered into a share exchange agreement. Under the agreement, AEON will become the sole parent company of AEON Mall, which will delist from the Tokyo Stock Exchange Prime Market on June 27, 2025. AEON will allot 0.65 AEON shares for each AEON Mall share, excluding those held by AEON itself. The share exchange is intended to leverage the strengths of both companies, aiming to expand business opportunities, enhance retail support, and establish a stronger financial foundation for AEON. The companies anticipate that the transaction will benefit shareholders of both AEON and AEON Mall. Both companies have appointed independent third-party valuation institutions to ensure a fair share exchange ratio. AEON has set the share exchange ratio at 1:0.65 AEON shares per AEON Mall share.