Supplementary Provisions, Article 2Transitional Measures on the Rights of Holders of Fractional Shares

With regard to a stock company whose articles of incorporation, at the time this Act comes into effect, contain a provision that the right to receive the subscription rights set forth in Article 341-2, paragraph (2), item (vi) and Article 341-8, paragraph (2), item (viii) of the Commercial Code prior to the amendment by this Act (hereinafter referred to as the "Former Commercial Code") is not granted to holders of fractional shares (including one that received certification of the articles of incorporation before this Act comes into effect and is incorporated after this Act comes into effect (hereinafter referred to in this Article as a "company in the process of incorporation")), a resolution for an amendment to the articles of incorporation to the effect that the right to receive the subscription rights set forth in Article 280-20, paragraph (2), item (xii) and Article 341-3, paragraph (1), item (ix) of the Commercial Code as amended by this Act (hereinafter referred to as the "Amended Commercial Code") is not granted to holders of fractional shares is deemed to have been adopted on the day this Act comes into effect (in the case of a company in the process of incorporation, the day of its incorporation).