Putting People First: TeamSpirit Inc celebrates its second anniversary of its listing on the Tokyo Stock Exchange by revamping its core values to prepare for the next stage of growth.

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TOKYO, JAPAN -�Media OutReach�- 17 February
2021 - TeamSpirit Inc has been selected
as one of the "Best Companies For Work" in the 15th edition of the Great Place
To Work� Institute Japan (hereinafter referred to as "GPTW Japan")
for the medium-sized category (100-999 employees) 2021 Best Workplaces ranking.

Statement from Koji
Ogishima, CEO and President of TeamSpirit Inc:

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"We
are very pleased to be awarded and recognised as one of the best companies to
work for in the Medium-Sized Business category in Japan. This is in spite of
the drastic changes in the business environment triggered by the COVID-19 pandemic.
We believe that happy employees result in happy customers, and we have been
working hard to create an environment where each and every employee can feel
fulfilled.

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We
have more than 1,400 customers, and in order to meet the increasing demand, we have
actively recruited about 40 new employees in fiscal 2020. As we continue to add
new members, we will continue to pursue our corporate mission of "Make
Everyone An Innovator". We will strive to improve productivity so as to enable
a culture of innovation. "

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Statement from Yasufumi
Yamashita, Director of Strategic Planning of TeamSpirit Inc:

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"We
are very grateful to be awarded as the Best Company to Work For in the 2021
edition of the Best Companies to Work For Ranking, which is based on the
evaluation of the responses to the Employee Questionnaire and the Company
Questionnaire.

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With
the mission of "Make Everyone An Innovator," we have been working
hard to achieve our goals. With this mission, we have been supporting our
customers' work style reform through TeamSpirit. We work hard to strengthen our
human resource system and organizational capabilities to build a strong team
that can draw out the professional strengths of each individual in the company.
We will continue to work on a variety of measures to improve the job
satisfaction of our teams."

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Statement from Go
Nakano, Managing Director of TeamSpirit Singapore Pte Ltd

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"I believe
that employee engagement is by far the most important contributing factor
towards employee satisfaction and productivity. Strong engagement can only be
built on a culture of trust, respect and fun. Therefore, we always encourage
members to embody those values in all aspects at TeamSpirit Singapore."

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About "Great Place to Work" Ranking and
Certification

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Great
Place to Work� is the global authority on building, sustaining, and recognizing
high-trust, high-performing workplace cultures. They have crafted our
perspective by learning from great leaders, surveying millions of employees,
and examining thousands of the best workplaces around the globe. They thrive on
sharing the insights they have gleaned from their work with organizations of
all industries and sizes in order to help organizations around the world build,
sustain and scale their great workplace culture.

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GPTW Japan surveys and
certifies the "Best Workplaces" among Japanese companies. The survey
has been conducted in more than 50 countries around the world based on the same
criteria, and this year marks the 15th time that the survey has been conducted
in Japan since its inception in 2007.

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New TeamSpirit Core Values To Prepare For The Next
Stage of Growth

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In August last year,
TeamSpirit Inc celebrated the second anniversary of our listing on the Tokyo
Stock Exchange. Correspondingly, we renewed our core values to welcome the new
stage of growth for the next ten years. As our organization expands, we also
began to see signs of the big company disease.

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In order to realize our
mission, "Make Everyone An Innovator", we formulated the following core values
with the aim of transforming the factors that hinder innovation from within the
organization.

• Customer Value

A commitment to create value
that our customers are not aware of.

• TeamSpirit

A circle of contribution with
our stakeholders with integrity and respect.

• Innovation

Create an ideal vision,
experiment at the speed of light, and learn from our mistakes.

• Re:Start-up

Every day we go back to the
first day of the startup and explore the unknown.

In addition, as a foundation
for spreading these values throughout the company and to encourage employees to
embody them, we have launched an initiative called "Hidden Heroes".
Employees vote internally on a set of good internal initiatives that align with
the TeamSpirit new core values, and the results are announced at a company-wide
meeting.

This enables employees to
recognize the specific actions that are indicated by the core values, which are
abstract concepts, and to visualize themselves embodying the core values and
incorporate them into their daily actions. Even though in-person communication
opportunities are decreasing due to the COVID-19 pandemic, this initiative has
been very well received by employees.

About TeamSpirit Inc

TeamSpirit, Inc. is a B2B SaaS company that provides
the work style reform platform "TeamSpirit". Our company's mission is
to "Make Everyone An Innovator". TeamSpirit is a B2B SaaS company that provides
a platform that revolutionizes the way people work. We aim to create a world
where everyone can make a difference by drawing out the professional strengths
of each individual and building strong teams.

Corporate website: https://corp.teamspirit.com/en-jp/

About TeamSpirit Singapore Pte Ltd

TeamSpirit is a fast-growing software-as-a-service
company (SaaS) offering a wide range of workforce management services. This
includes time tracking, expense reporting, attendance and custom workflow.

As part of TeamSpirit's ambitious internationalisation
plans, we set up TeamSpirit Singapore as the first subsidiary company outside
of Japan to mark ourselves for rapid global expansion. TeamSpirit serves more
than 270,000 users in over 1400 companies, and currently employs more than 100
staff in both our Japan and Singapore offices.

TeamSpirit is also a Salesforce Partner since 2010. In
August 2018, we successfully completed our IPO on Tokyo Stock Exchange. We look
forward to realising our vision of "Stronger Individuals, Stronger Teams" with
you.

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