Press release

CORRECTING and REPLACING SoftBank Group Corp. Announces Senior Management Appointments for SoftBank Group International and the SoftBank Latin America Fund

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The fourth bullet item is edited to include correct biography for Mr.
Bocker.

The corrected release reads:

SOFTBANK GROUP CORP. ANNOUNCES SENIOR MANAGEMENT APPOINTMENTS FOR
SOFTBANK GROUP INTERNATIONAL AND THE SOFTBANK LATIN AMERICA FUND

SoftBank Group Corp. (“SBG”) today announced the appointment of members
to the senior management team of SoftBank Group International (“SBGI”)
and the SoftBank Latin America Fund (previously referred to as the
SoftBank Innovation Fund). SBGI encompasses most of the operating
companies of SBG, including Arm Limited, Sprint, Boston Dynamics,
Fortress, SB Energy and Brightstar. The SoftBank Latin America Fund,
launched in March 2019, is focused exclusively on the fast-growing Latin
American technology market and is the largest technology-focused fund in
Latin American history. SBGI is also forming the SoftBank Tech Hub based
in Miami which will be responsible for introducing and scaling
SoftBank’s global portfolio into Latin America.

The new members of the SBGI and SoftBank Latin America Fund senior
management team will be based in Miami and report to Marcelo Claure, CEO
of SoftBank Group International and Chief Operating Officer of SoftBank
Group. The new team members include:

  • Chris Cooper, who will serve as Chief Financial Officer of
    SBGI. Mr. Cooper is a seasoned senior finance executive with over 30
    years of financial, M&A, fund and cross-border experience. Most
    recently, Mr. Cooper served as Global Chief Financial Officer and
    Chief Compliance Officer of Sequoia Capital where he led the firm’s
    overall financial strategy and oversaw the firm’s geographic
    expansion, including multiple fundraisings.
  • Patricia Menendez Cambo, who will serve as Deputy General
    Counsel of SBGI and General Counsel of the SoftBank Latin America Fund
    and the SoftBank Tech Hub. Ms. Cambo joins SoftBank from Greenberg
    Traurig, LLP, where she spent 25 years and most recently served as
    Vice Chair of the firm and as a member of the Executive Committee and
    formerly served as Chair of the Global Corporate practice. She also
    helped found the firm’s Latin American and Iberian practices.
  • Francisco Sorrentino, who will serve as Chief Human Resources
    Officer of SBGI and the SoftBank Latin America Fund. Mr. Sorrentino
    previously served as Vice President, Latin America & Caribbean for
    Microsoft, where he served as a member of the LATAM and HR Global
    Executive teams, supporting all Microsoft operations in the region
    across 35 offices in 18 countries with 2,700 employees.
  • Lee Bocker, who will serve as Chief Operating Officer of the
    SoftBank Latin America Fund. Mr. Bocker joins SoftBank from TRG
    Management L.P., a global emerging markets asset manager, where he
    spent over 15 years and most recently served as Chief Operating
    Officer, Partner and member of the Executive Committee. He has served
    the firm in multiple capacities throughout his tenure in support of
    growing the firm’s global footprint and capabilities.

“We are excited to welcome Chris, Patricia, Francisco and Lee to the
SBGI team, all of whom bring proven track records in their respective
fields,” said Mr. Claure. “Their many years of experience working with
global companies will complement our talented group of investment
professionals. I am confident that we have assembled a world-class
management team uniquely qualified to support our global portfolio of
operating companies as well as help SoftBank expand its focus in Latin
America as we continue to invest in transformative companies in the
region which are driving significant innovation and disruption.”

About the SoftBank Group

The SoftBank Group invests in breakthrough technology to improve
people’s quality of life around the world. The SoftBank Group is
comprised of SoftBank Group Corp. (TOKYO: 9984), a holding company that
includes telecommunications, internet services, AI, smart robotics, IoT
and clean energy technology providers; Arm Limited, the world’s leading
semiconductor IP company; and the SoftBank Vision Fund, which is
investing up to $100 billion to help extraordinary entrepreneurs
transform industries and shape new ones.