Notice of Issuance and Allocation of Stock Options (Share Purchase Warrants) to Directors

Overview of Issuance of Share Purchase Warrants

To promote medium- to long-term improvement in performance and corporate value of the directors, it was resolved to issue and allocate share purchase warrants. The allocation targets are a total of six individuals, including three directors (two of whom are outside directors) and three directors who are Audit and Supervisory Committee members (two of whom are outside directors), totaling 69 units. Each unit corresponds to 100 shares. The exercise period is set through 2056, and detailed exercise conditions and treatment in the event of corporate reorganizations will be stipulated in separate agreements.

Exercise Conditions, Adjustments and Transfer

Exercise of the rights is limited to within 10 days from the resigning director's date of resignation, and rights must be exercised in a single lump sum; partial exercise is not permitted. Fractional shares will be rounded down. In the event of a corporate reorganization, remaining share purchase warrants may be replaced with share purchase warrants of another company, and the number delivered, type of shares and other conditions will conform to the provisions of the reorganized company. Transfers require approval by the board of directors.