Plant Life Systems Ltd. 

24 August 2018

Announcement of fundraising through third-party allocation of new shares.

(HEAD OFFICE: YOKOHAMA CITY, KANAGAWA PREFECTURE, JAPAN; PRESIDENT: TAKAYUKI MATSUOKA; HEREINAFTER REFERRED TO AS "PLS") IS PLEASED TO ANNOUNCE THAT IT HAS ISSUED NEW SHARES TO MARUBENI CORPORATION (HEAD OFFICE: CHUO-KU, TOKYO; PRESIDENT: FUMIYA KOKUBU; HEREINAFTER REFERRED TO AS "MARUBENI") THROUGH A THIRD-PARTY ALLOTMENT.

AS THE DEMAND FOR FOOD CONTINUES TO INCREASE DUE TO GLOBAL POPULATION GROWTH, PLS IS COMMITTED TO SOLVING THE PROBLEMS OF AGRICULTURE IN JAPAN AND OVERSEAS BY CONTRIBUTING TO THE STABLE HARVEST OF HIGH QUALITY CROPS WITH HIGH PRODUCTIVITY THROUGH THE DEVELOPMENT AND MARKETING OF OPTIMIZED CULTIVATION SUPPORT SYSTEMS FOR AGRICULTURAL PRODUCTS BASED ON MODEL-BASED DEVELOPMENT.

The funding will be used to expand the product range and strengthen the sales and management structure of the optimised cultivation support system for agricultural crops.

IN ADDITION, BY OPTIMALLY COMBINING THE PRODUCTS, TECHNOLOGIES AND SALES CHANNELS OF PLS AND MARUBENI, WE AIM TO PROVIDE NEW SOLUTIONS FOR FARMERS AND A VARIETY OF SOLUTIONS FOR PRODUCTION, DISTRIBUTION AND SALES THAT MEET CONSUMER NEEDS.

About the underwriters

Company name: Marubeni Corporation

Head Office: Tokyo Nihonbashi Tower, 2-7-1 Nihonbashi, Chuo-ku, Tokyo 103-6060, Japan

President and Representative Director: Fumiya Kokubu

URL: https: //www.marubeni.com/jp/