The Establishment of a Subsidiary in the U.S

TOKYO, Japan - January 11, 2011 - GREE, Inc. (Headquarter: Minato-ku, Tokyo; president and Chief Executive Officer: Yoshikazu Tanaka; Listed in the First Section of Tokyo Stock Exchange; Code: 3632; Hereinafter called "GREE") announced that a subsidiary will be established in the United States of America.

1. Purpose of the establishment
With the purpose of accelerating overseas expansion and conducting overseas business on a full-scale basis, GREE will establish a subsidiary in California, the U.S. where many IT companies concentrate to cultivate the global market.

2. Overview of the new company
Corporate name: GREE International, Inc. (provisional)

Representative: Naoki Aoyagi
Location: California, the U.S.
Main business: Internet business in the U.S.
Number of employees: Start with about 10 employees
Capital: 1 million US dollars
Shareholder: GREE, Inc. (100%)

The effects of this announcement on our performance are under investigation. If the effects are clarified, we will inform immediately.