GREE to Establish Subsidiary in Canada- New studio to boost GREE's game development capabilities in North America -

TOKYO, Japan - July 20, 2012 - GREE today announced that it will establish GREE Canada, Ltd. (“GREE Canada”) as a wholly owned subsidiary based in Vancouver, Canada. Vancouver is home to a large number of development studios run by leading game companies, which will enable GREE Canada to secure engineers and other highly skilled personnel. The city's location in the same time zone as Silicon Valley will also facilitate smooth coordination between the new company and GREE's U.S. subsidiary GREE International, Inc. (“GREE International”), allowing GREE to accelerate its development and distribution of in-house social games while bolstering its game operation capabilities in the region.

The social games* developed and operated by GREE International have proven highly successful in the North America mobile social gaming market with three or more of its titles consistently ranking within the 50 top grossing games on the U.S. App Store (as of June 30, 2012). Through its close teamwork with GREE International, GREE Canada will enable GREE to accelerate the development of its business in the rapidly growing North American mobile social gaming market.

GREE operates GREE Platform, an integrated platform combining social gaming and other applications with social networking features that, with a reach of 169 countries, is the largest of its kind in the world. GREE has nine business locations worldwide, including San Francisco and Beijing, and is continuing to expand its business, developing and operating social games while also forming capital and business alliances with local partners.

GREE provides a rich lineup of social games and will continue to expand its content offering in its pursuit of developing the world's leading mobile social games ecosystem.

• *Includes social games of Funzio, Inc., which GREE acquired in May 2012.