Notice Concerning Borrowing of Funds

SHIFT Inc. (“SHIFT”) hereby announces that it has decided to borrow funds as outlined below.

1. Purpose of the Borrowing
SHIFT has decided to borrow a total amount of ¥17,700 million to finance the acquisition of Nisseicom, Limited (“Nisseicom”).
The acquisition of Nisseicom was announced on January 14, 2026, in the “Announcement Regarding the Acquisition of Nisseicom, Limited (and Its Conversion into a Consolidated Subsidiary) Through a Subsidiary (SHIFT Growth Capital Inc.).”

2. Overview of the Borrowing
(1)Lender:  Mizuho Bank, Ltd.
(2)Amount:  ¥17,700 million
(3)Drawdown Date:  March 31, 2026
(4)Term (Maturity Date): March 31, 2027
(5)Interest Rate:  Japanese yen TIBOR + spread
(6)Repayment Method:  Lump-sum repayment on due date
(7)Collateral:  Unsecured

3. Future Outlook
The impact of this borrowing on the Company’s consolidated financial results is expected to be immaterial. Should any material impact arise due to significant changes in business conditions, SHIFT will promptly disclose such information as soon as it becomes known.