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Notice Regarding Change in Ratio of American Depositary Receipts (ADRs) デュエルビッツ 登録erlying Shares

September 30, 2016


デュエルビッツ 登録el, Ltd. (“KSL”) hereby announces that the exchange ratio of underlying shares to American Depositary Receipts (“ADRs”) for its sponsored ADR program shall be changed in conjunction with a share consolidation scheduled to take effect on October 1, 2016.

1. Objective of Change

KSL plans to carry out the share consolidation at the ratio of 10 shares to 1 share effective October 1, 2016. Accordingly, effective October 3, 2016, U.S. time, KSL intends to change the exchange ratio from 1 ADR to 5 underlying shares to a new ratio of 2 ADRs to 1 underlying share, so that the current ADR investment unit price levels will not be affected by the share consolidation.

2. Outline of Change in Ratio of ADRs デュエルビッツ 登録erlying Shares

(1) Current Ratio:
1 ADR = 5 Underlying Shares
(2) New Ratio:
2 ADRs = 1 Underlying Share
(3) Effective Date of New Ratio:
October 3, 2016, U.S. time (planned)
(4) DR Exchange:
OTC = Over The Counter
(5) Ticker Symbol:
KBSTY
(6) CUSIP Number:
499892107
(7) Depositary Bank:
The Bank of New York Mellon

3. Contact for Inquiries regarding KSL’s ADR Program

The Bank of New York Mellon
PO Box 30170
College Station, TX 77842-3170
Tel:
+1-201-680-6825 / U.S. toll free: +1-888-269-2377 (888-BNY-ADRS)
E-mail:
shrrelations@cpushareownerservices.com
URL:
www.mybnymdr.com
www.adrbnymellon.com