PGMH and CCC sign a letter of intent regarding a points program partnership.

2012.09.25 Press Releases
PGM Holdings Co., Ltd. / Culture Convenience Club Co., Ltd.

PGM Holdings Co., Ltd. (Head office: Minato-ku, Tokyo / President and CEO: Yukihiro Kanda, hereinafter "PGMH") and Culture Convenience Club Co., Ltd. (Tokyo Head office: Shibuya-ku, Tokyo / President and CEO: Muneaki Masuda, hereinafter "CCC") have signed a letter of intent regarding a points program partnership today, September 25, 2012.
With this, the two companies will begin discussions toward a partnership.

PGMH, a leading golf course operator in Japan with over 120 golf courses nationwide and an annual visitor count of 7 million, and CCC, which operates "T-POINT," Japan's largest common point service used by 41.88 million unique active members, representing approximately one-third of Japan's population, will proceed with partnership discussions aimed at further improving convenience and services for both companies' customers. These discussions will involve providing "T-POINT" services to customers who play at golf courses operated by PGMH, and enabling smart check-in at golf courses using "T-CARD", with a service launch planned for next spring or later.

Pacific Golf Management Co., Ltd. (hereinafter referred to as "PGM"), a golf course management subsidiary of PGMH, has been running the "PGM Yardage Program" since January 2007, which awards customers with points called yardage points each time they use a PGM golf course, and allows them to enjoy free play at the golf course using the accumulated yardage points. However, we have decided to terminate the "PGM Yardage Program" as follows. We would like to express our sincere gratitude for your continued patronage and support over the years.

Regarding the termination of the "PGM Yardage Program"
Program end date: June 30, 2013
Yardage points will be awarded for play up to December 31, 2012.
Regarding the discounted (free) play using yardage points, the validity period is divided into two categories: golf courses where the validity period ends on March 31, 2013, and golf courses where it ends on June 30, 2013. Please refer to the attached document, "List of Golf Courses with Expiry Dates for Yardage Point-Based Rebates (Free Play)."

Further details regarding the "T-POINT" and "T-CARD" services at PGMH will be announced as soon as they are finalized.

*PGM has been offering "Yahoo! Points" to customers who make golf course reservations through its official website since April 1, 2012, and this service will continue to be available. Furthermore, based on the basic agreement between Yahoo! Japan Corporation and CCC regarding a strategic capital and business alliance dated June 19, 2012, "T-POINT" and "Yahoo! Points" are scheduled to be unified under the name "T-POINT" in the spring of 2013.

Documents related to this matter

PGMH and CCC sign a letter of intent regarding a points program partnership.

Inquiries regarding this matter
Culture Convenience Club Co., Ltd.
T-POINT & Alliance Company, Public Relations Representative: Ando
TEL: 03-6800-4464