Notice regarding operation of “complete gacha”

TOKYO, Japan - May 9, 2012 - GREE today announced that it will cease all new releases of “complete gacha” (“comp-gacha”) on all social gaming and other services developed in-house and operated by the Company on its social networking service GREE, effective from tomorrow, May 10, 2012. GREE has also decided to discontinue all other comp-gacha currently in operation by May 31, 2012, following which date it will no longer launch new comp-gacha.

GREE does not view the comp-gacha function as an infringement of current Japanese legislation. However, having given the matter careful examination, and taking into account the input it has received from a broad range of stakeholders and its social responsibility as a provider of services to a large number of users, GREE has decided to discontinue the comp-gacha function in the interests of improving the content of its services for users.

GREE is currently coordinating with all related parties to prepare guidelines based on which it will seek a response from developers providing services on the GREE platform at the earliest possible date.

About GREE, Inc.

GREE is a global mobile social gaming company at the forefront of mobile technology. GREE is focused on building the leading mobile social gaming ecosystem for users and developers worldwide, with an emphasis on creating and supporting unique free-to-play game content. Following the acquisition of OpenFeint Inc. in April 2011, GREE's robust network now reaches over 190 million players and offers over 7,500 game applications to users around the world. With offices in Tokyo, San Francisco, London, Singapore, Seoul, Beijing, and Amsterdam, GREE will continue to expand worldwide.

GREE and the GREE logo are registered trademarks of GREE, Inc. in Japan. All other trademarks are the property of their respective owners.

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