Notice Concerning Conclusion of Agreement on Tender Offer for Shares of a Subsidiary and Expected Extraordinary Income

Dream Incubator Inc. (hereinafter, “DI” or the “Company”) hereby announces that it has entered into an agreement (hereinafter, “Tender Agreement”) with Dai-ichi Life Holdings, Inc. (hereinafter, “Dai-ichi Life Holdings”) to tender all of its shares of common stock in ipet Holdings, Inc. (hereinafter, “ipet Holdings”), a consolidated subsidiary, to a tender offer to be conducted by Dai-ichi Life Holdings for all of the common stock and stock acquisition rights of ipet Holdings (hereinafter, “Tender Offer”). Dai-ichi Life Holdings will conduct the Tender Offer as part of a transaction (hereinafter, “Transaction”) to acquire all of the common shares and stock acquisition rights of ipet Holdings (however, this excludes treasury stock held by ipet Holdings, while including its shares to be delivered upon exercise of stock acquisition rights), which is listed on the Growth Market of the Tokyo Stock Exchange, Inc. (hereinafter, “Tokyo Stock Exchange”), and to make ipet Holdings a wholly owned subsidiary. After the Tender Offer is completed, ipet Holdings will cease to be a consolidated subsidiary of the Company.

Please see the attached document for details.

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