June 20, 2017

OVERLAND PARK, Kan. (BUSINESS WIRE), June 20, 2017 - Sprint (NYSE: S) President and CEO Marcelo Claure has been formally elected to the Board of Directors of SoftBank Group Corp., a global technology player led by Chairman and CEO Masayoshi Son. 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. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.