SoftBank appoints Marcelo Claure to its Board of Directors

– JAPAN, Tokyo – SoftBank Group Corp. (TYO:9984) ’s 37th Annual General Meeting of Shareholders held today in Tokyo formally approved the appointment of Sprint (NYSE: S) President and CEO Marcelo Claure to the Board of Directors. The nomination was announced last month and Claure’s election was approved today at SoftBank’s 37th Annual General Meeting of Shareholders in Tokyo.

“It’s an honor to join Masa, and SoftBank’s other board members, at this incredibly exciting time for the Company,” said Claure. “The Internet of Things, and the ultra-fast 5G wireless networks on which it will be based, will radically change and benefit the global community, and SoftBank is at the forefront of this revolution. SoftBank’s relationship with Sprint has completely changed our company to the benefit of American consumers, and I am confident that there are significant opportunities for SoftBank to make an even greater contribution across all of its unique businesses.”

Joining Claure as new Directors are Rajeev Misra, CEO of SoftBank Investment Advisors; Simon Segars, CEO of ARM Holdings plc; Mark Schwartz, Senior Director of Goldman, Sachs & Co.; and Yasir O. Al-Rumayyan, Managing Director and Board Member of the Public Investment Fund of the Kingdom of Saudi Arabia.

About Sprint:

Sprint (NYSE: S) is a communications services company that creates more and better ways to connect its customers to the things they care about most. Sprint served 59.7 million connections as of March 31, 2017 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; leading no-contract brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. Sprint has been named to the Dow Jones Sustainability Index (DJSI) North America for the past five years

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About SoftBank Group

The SoftBank Group is a global technology player that aspires to drive the Information Revolution. The SoftBank Group is comprised of the holding company SoftBank Group Corp. (TOKYO: 9984) and its global portfolio of companies, which includes advanced telecommunications, Internet services, AI, smart robotics, IoT and clean energy technology providers. In September 2016, ARM Holdings plc, the world’s leading semiconductor IP company, joined the SoftBank Group.

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