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In partnership with Public Investment Fund, SoftBank Group Corp. to Establish SoftBank Vision Fund
Published in Saudi Press Agency on 14 - 10 - 2016

With a strategic partnership with the Public Investment Fund of the Kingdom of Saudi Arabia,
SoftBank Group Corp. ("SBG") today announced that it will form SoftBank Vision Fund (tentative name)
(the "Fund").
The Fund intends to make investments in the technology sector globally. The Fund will be
managed in the United Kingdom by a subsidiary of SBG and will deploy capital from SBG and investment
partners. The Fund will aim to be one of the world's largest of its kind.
SBG expects to invest at least USD 25 billion over the next 5 years. SBG has concluded a non-binding
memorandum of understanding ("MOU") on October 12, 2016 with the Public Investment Fund of the
Kingdom of Saudi Arabia ("PIF"), under which PIF will consider investing in the Fund and becoming the
lead investment partner, with the potential investment size of up to USD 45 billion over the next five years.
In addition, a few large global investors are in active dialogue to join SBG and PIF to participate in this
Fund. The overall potential size of the Fund can go up to USD 100 billion.
SBG will use its deep operational expertise and network of portfolio companies in order to add value to the
Fund's investments.
Deputy Crown Prince Mohammed Bin Salman, Chairman of PIF, commented as
follows:
"The Public Investment Fund is focused on achieving attractive long-term financial returns from its
investments at home and abroad, as well as supporting the Kingdom's Vision 2030 strategy to develop a
diversified economy. We are delighted to sign this MOU with SBG given the long history, established
industry relationships and strong investment performance of SBG and Masayoshi Son."
Masayoshi Son, Chairman & CEO of SoftBank Group Corp., commented on the establishment of the Fund
as follows:
"With the establishment of the SoftBank Vision Fund, we will be able to step up investments in technology
companies globally. Over the next decade, the SoftBank Vision Fund will be the biggest investor in the
technology sector. We will further accelerate the Information Revolution by contributing to its
development."
Rajeev Misra, Head of Strategic Finance, SoftBank Group, is leading the Fund project for SBG. SBG has
engaged former Deutsche banker Nizar Al-Bassam and ex-Goldman partner Dalinc Ariburnu for the
project. PIF also had its own team of experts engaged.


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