NOVARESE Inc Announces Stock Split and Partial Change to Article of Incorporation of Authorized Share Number; Reaffirms Mid-term Dividend Forecast and Amends Year-end Dividend Forecast for FY 2013

NOVARESE Inc announced that it has decided to split one share of its stock into 100 shares, effective July 1, 2013. After the stock split, the total share outstanding will become 10,717,200. The Company has received approval from the shareholders meeting to make partial change to its article of incorporation. Based on change to article six, the Company will increase total number of authorized shares from 230,400 shares to 23,040,000 shares. The Company also has reaffirmed its mid-term dividend forecast of JPY 1,200.00 per share and amended its year-end dividend forecast from JPY 1,300.00 per share, which was announced on January 31, 2013, to JPY 13.00 per share, for the fiscal year ending December 2013.