OREANDA-NEWS. GungHo Online Entertainment, Inc. ("GungHo"), a subsidiary of SoftBank Corp. (the "Company"), announces that today its Board of Directors resolved to conclude a share transfer agreement with the Company under which GungHo will transfer all of its shares in its specified subsidiary GGF B.V. to the Company (the "Transaction").

GGF B.V. has invested in Supercell Oy ("Supercell"), a subsidiary of the Company, through a special purpose company Kahon 3 Oy. Kahon 3 Oy is 79.9% owned by Kahon 2 Oy, a wholly-owned subsidiary of the Company, 20% by GGF B.V. and 0.1% by directors of Supercell Mr. Ilkka Paananen and Mr. Mikko Kodisoja, and holds 51% (diluted) of voting stock of Supercell.

After the Transaction, the Company's ownership in Kahon 3 Oy will reach 99.9%.

The impact of the Transaction on the Company's consolidated results of operations for the fiscal year ending March 31, 2015 will be minor.