News Release LAWSON Announces Franchise Agreement with CVS Bay Area Inc.

NEWS RELEASE

TOKYO, JAPAN, 1 20, 2012

LAWSON, Inc. ("LAWSON") today agreed to conclude a franchise agreement with CVS Bay Area Inc. ("Bay Area").
With the signing of this franchise agreement, specific preparations will begin for the conversion of convenience stores operated by Bay Area to LAWSON stores and Bay Area's operation of LAWSON stores from March 1, 2012.

Franchise Agreement

As a result of the conclusion of the franchise agreement with Bay Area, approximately 120 convenience stores operated by Bay Area will gradually be converted to LAWSON stores from March 1 with a target deadline of the end of May.
LAWSON's supply chain management (SCM), customer relationship management (CRM) utilizing "Ponta" point cards, its store formats suited to a wide range of locations and customer profiles, and its strengths in product development will be integrated with the proprietary store development and store operation abilities that Bay Area has built up. The two companies will collaborate together to enhance convenience for customers.

<Outline of CVS Bay Area Inc.>

Company

CVS Bay Area Inc.

Head office

1-9-2 Mihama, Urayasu, Chiba Prefecture

President and CEO

Yutaka Izumisawa

Established

February 1981

Capital

1.2 billion yen

No. of employees

267

Business

Headquarters operations for area convenience stores

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