Arihito Nishimura Files Early Warning Report

Prior to completion of the Transaction, Mr. Nishimura is deemed to have had direct beneficial ownership of 5,014,428 Nippon Shares (including securities convertible into 2,507,214 Nippon Shares), representing 4.10% of the issued and outstanding Nippon Shares on a partially diluted basis. As a result of the Transaction, Mr. Nishimura is deemed to have direct beneficial ownership of 5,014,428 Nippon Shares (including securities convertible into 2,507,214 Nippon Shares) and indirect beneficial ownership of an additional 16,549,233 Nippon Shares, which collectively represent 17.64% of the issued and outstanding Nippon Shares, on a partially diluted basis, on closing of the Transaction.

The Nippon Shares indirectly acquired by Mr. Nishimura pursuant to the Transaction were acquired for investment purposes. Depending upon the circumstances, Mr. Nishimura may, from time to time, acquire additional securities of the Issuer or dispose of all or a portion of the securities of the Issuer previously acquired.

An early warning report containing additional information with respect to the foregoing matters will be filed under the Issuer's SEDAR profile at www.sedar.com.

Further information or a copy of the early warning report may be obtained by contacting:

Copyright (c) 2016 TheNewswire - All rights reserved.