SGH

SG HOLDINGS

Notice of change of President and COO

Corporate

SG Holdings Co., Ltd. hereby announces that the Board of Directors resolved at a meeting held on March 1, 2019 to change the President and COO.

1.Change of President and COO

SG Holdings Co., Ltd.

New Current
Hideo Araki President and COO Director in charge of Delivery and Logistics Business;
President of Sagawa Express Co., Ltd.; and
Director of Sagawa Humony Co. Ltd.
Tadashi Machida Director President and COO; and
Director of SG Realty Co., Ltd.

※Hideo Araki will resign as the President of Sagawa Express Co., Ltd. and the Director of Sagawa Humony Co., Ltd. as of March 31, 2019.
※Tadashi Machida will resign as the Director of SG Realty Co., Ltd. as of March 31, 2019, and as Director of SG Holdings Co., Ltd. (the "Company") at the close of the Ordinary General Meeting of Shareholders of the Company scheduled to hold on June.

2.Reason for the change

For achieving a long-term management vision "Become Asia's Leading Comprehensive Logistics Group," promote a further enhancement of the Company's management structure.

3.The successor of the President of the subsidiary

Masahide Motomura, current Director of Sagawa Express Co., Ltd. will be the President of the same company as Hideo Araki's assumption of the President and COO of the Company.

Sagawa Express Co., Ltd.

New Current
Masahide Motomura President; and Executive Officer in charge of Delivery and Logistics Business of SG Holdings Co., Ltd. Director in charge of Transportation Network and Quality Control and General Manager of Quality Assurance Department