Valueact Capital: Seven And I's Consistent Refusal To Address The Broad-Based Stakeholder Dissatisfaction With The Status Quo Conglomerate Structure Does Not Inspire Confidence In The Governance And Leadership Of The Company

Seven & i Holdings Co Ltd 3382:

• VALUEACT CAPITAL: ASKED SEVEN & I HOLDINGS TO ANSWER NINE QUESTIONS ABOUT ITS “GROUP STRATEGY RE-EVALUATION” AND THE DECISION TO MAINTAIN ITS CONGLOMERATE STRUCTURE

• VALUEACT CAPITAL:SEVEN & I DID NOT ANSWER ANY OF THE NINE QUESTIONS POSED BY VALUEACT IN A CLEAR AND SPECIFIC WAY

• VALUEACT CAPITAL:SEVEN & I'S COMMUNICATIONS CONTINUE TO BE VAGUE AND CONFUSING

• VALUEACT CAPITAL: SEVEN AND I'S CONSISTENT REFUSAL TO ADDRESS THE BROAD-BASED STAKEHOLDER DISSATISFACTION WITH THE STATUS QUO CONGLOMERATE STRUCTURE DOES NOT INSPIRE CONFIDENCE IN THE GOVERNANCE AND LEADERSHIP OF THE COMPANY

• VALUEACT CAPITAL:　TO LOOK FORWARD TO PROVIDING SHAREHOLDERS THE OPPORTUNITY TO VOTE FOR NEW SEVEN AND I'S DIRECTORS