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The 2016 planName of CompanyThe CompanyDate of approval of the Board of DirectorsAugust 9, 2016Position and number of granteesDirectors, 11 and Executive Officers, 12Class and number of stocksCommon stock 12,200 sharesDate of grantAugust 24, 2016Condition and settlement of rightsPersons who have received allotment of share subscription rights must hold the position of director or executive officer of the Company at the time of grant.Period of providing service for stock options—Exercise periodFrom August 25, 2016 to August 24, 2036The following tables summarize the scale and movement of stock options for the years ended March 31, 2017 and 2016:(Non-vested stock options)(unit: shares)The 2006 planThe 2007 planThe 2008 planThe 2009 planThe 2010 planThe 2011 planThe 2012 planThe 2013 planThe 2014 planThe 2015 planThe 2016 planStock options outstanding at April 1, 2016———————————Stock options granted——————————12,200Forfeitures———————————Conversion to vested stock options——————————12,200Stock options outstanding at March 31, 2017———————————(Vested stock options)(unit: shares)The 2006 planThe 2007 planThe 2008 planThe 2009 planThe 2010 planThe 2011 planThe 2012 planThe 2013 planThe 2014 planThe 2015 planThe 2016 planStock options outstanding at April 1, 20163,3002,9005,2007,7007,2006,80013,60020,60017,20014,600—Conversion from non- vested stock options——————————12,200Stock options exercised———————————Forfeitures———————————Stock options outstanding at March 31, 20173,3002,9005,2007,7007,2006,80013,60020,60017,20014,60012,200The following table summarizes the price information of stock options as of March 31, 2017:The 2006 planThe 2007 planThe 2008 planThe 2009 planThe 2010 planThe 2011 planThe 2012 planThe 2013 planThe 2014 planThe 2015 planThe 2016 planExercise price¥    1¥    1¥    1¥    1¥    1¥    1¥    1¥    1¥    1¥    1¥    1Average market price of the stock at the time of exercise———————————Fair value at the date of grant2,7881,9471,4811,7261,4741,3031,2031,5951,8252,2831,445The fair value of stock options granted during the year ended March 31, 2017 was valued by using the Black Scholes option pricing model with the following assumptions:The 2016 planVolatility35.515%Expected remaining period10 yearsExpected dividend per share¥54Risk free interest rate(0.078)%The expected remaining period for stock options is assumed to be the mid-point of the exercise period.LINTEC ANNUAL REPORT 201774FINANCIAL SECTION

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