PR90301

TOKYO, June 25, 2021 /PRNewswire=KYODO JBN/ --

3D Investment Partners Pte. Ltd. (together with the funds it manages, "3D"),

one of Toshiba's largest shareholders, commented on the results of the Annual

General Meeting of Toshiba Corporation ("Toshiba" or the "Company") (6502.T),

which was held earlier today.

3D said:  

     We invest in companies whose shareholders' value grows over the long term.

     In light of our conviction that Toshiba has tremendous opportunities to

     succeed for the benefit of all stakeholders, we have been a shareholder of

     Toshiba since we first purchased shares in 2016.

     We hope that today's AGM marks the beginning of a new era at Toshiba - one

     that will be marked by a focus on value creation, transparency to all

     stakeholders and a renewed commitment to building trust with shareholders.

     We welcome the recent changes to the Board because we are optimistic about

     the future and Toshiba's potential. We want Toshiba to succeed for its

     employees, customers, suppliers, creditors, shareholders and the people of

     Japan.  

     We stand ready to do our best to assist the Company and look forward to a

     constructive, ongoing dialogue with the Board and management team. As

     Toshiba turns the page to a new era, 3D remains enthusiastic about

     Toshiba's business, technology, people and opportunities.

About 3D Investment Partners Pte.

3D Investment Partners Pte. Ltd is an independent Singapore-based Japan focused

value investing fund manager founded in 2015. 3D Investment Partners Pte. Ltd.

focuses on partnering with managements who share its investment philosophy of

medium- to long-term value creation through compound capital growth and a

common objective of achieving long-term returns.  

Disclaimer

This press release is provided for informational purposes only and does not

constitute an offer to purchase or sell any security or investment product, nor

does it constitute professional or investment advice. This press release should

not be relied on by any person for any purpose and is not, and should not be

construed as investment, financial, legal, tax or other advice.

3D Investment Partners Pte. Ltd. and its affiliates ("3DIP") currently

beneficially owns and/or has an economic interest in and may in the future

beneficially own and/or have an economic interest in, Toshiba group securities.

3DIP intends to review its investments in the Toshiba group on a continuing

basis and, depending upon various factors including, without limitation, the

Toshiba group's financial position and strategic direction, the outcome of any

discussions with Toshiba, overall market conditions, other investment

opportunities available to 3DIP, and the availability of Toshiba group

securities at prices that would make the purchase or sale of Toshiba group

securities desirable, 3DIP may, from time to time (in the open market or in

private transactions), buy, sell, cover, hedge, or otherwise change the form or

substance of any of its investments (including Toshiba securities) to any

degree in any manner permitted by any applicable law, and expressly disclaims

any obligation to notify others of any such changes.

No representation or warranty, either expressed or implied, is provided in

relation to the accuracy, completeness, or reliability of the information

contained herein, nor is it intended to be a complete statement or summary of

the securities, markets, or developments referred to herein. 3DIP expressly

disclaims any responsibility or liability for any loss howsoever arising from

any use of, or reliance on, this press release or its contents as a whole or in

part by any person, or otherwise howsoever arising in connection with this

press release.

3DIP disclaims any intention or agreement to be treated as a joint holder

(kyodo hoyu sha) under the Financial Instruments and Exchange Act of Japan, a

closely related party (missetsu kankei sha) under the Foreign Exchange and

Foreign Trade Act with other shareholders, or receiving any power to represent

other shareholders in relation to the exercise of their voting rights by virtue

of its act to express its views, estimates, and opinions or otherwise to engage

in dialogue with other shareholders through this press release.

This press release may include content or quotes from news coverage or other

third party sources ("Third Party Materials"). Permission to quote from Third

Party Materials in this press release may neither have been sought nor

obtained. The content of the Third Party Materials has not been independently

verified by 3DIP and does not necessarily represent the views of 3DIP. The

authors and/or publishers of the Third Party Materials are independent of, and

may have different views to 3DIP. The quoting Third Party Materials on this

press release does not imply that 3DIP endorses or concurs with any part of the

content of the Third Party Materials or that any of the authors or publishers

of the Third Party Materials endorses or concurs with any views which have been

expressed by 3DIP on the relevant subject matter. The Third Party Materials may

not be representative of all relevant news coverage or views expressed by other

third parties on the stated issues.

In respect of information that has been prepared by 3DIP (and not otherwise

attributed to any other party) and which appear in the English language version

of this press release, in the event of any inconsistency between the English

language version and the Japanese language version of this press release, the

meaning of the English language version shall prevail unless otherwise

expressly indicated.

Contacts

3D Investment Partners Pte. Ltd.

3DIPartners@3dipartners.com

SOURCE: 3D Investment Partners Pte. Ltd.