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Entry into Grace Period pertaining to Reassignment to the 2nd Section from the 1st Section - PIXELA CORPORATION -

Update : May 01, 2014

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[Tokyo Stock Exchange, Inc.]

The following issue has entered a grace period pertaining to reassignment to the 2nd Section from the 1st Section.

1. Issue Name PIXELA CORPORATION stock
(Code: 6731, Market: 1st Section)
2. Grace Period From May 01, 2014 (Thu.) to Jan. 31, 2015 (Sat.)(9 months)

However, in the case where the business improvement report is not submitted by Jul. 31, 2014 (Thu.), a period from May 01, 2014 (Thu.) to Jul. 31, 2014 (Thu.) (3 months).
3. Reason Due to the market capitalization in Apr. 2014 being less than the required amount (JPY 2 billion) prescribed in the criteria for reassignment to the 2nd Section from the 1st Section. (Securities Listing Regulations Rule 311, Paragraph 1, Item 4, Main Clause)

(Note) Both market capitalization at the end of the month and monthly average market capitalization must meet the required value.

DISCLAIMER: This translation may be used only for reference purposes. This English version is not an official translation of the original Japanese document. In cases where any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. Tokyo Stock Exchange, Inc. and/or Japan Exchange Regulation shall individually or jointly accept no responsibility or liability for damage or loss caused by any error, inaccuracy, or misunderstanding with regard to this translation.

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