Notice Regarding the Continuation of Executive Compensation BIP Trust

Overview of Continuation of BIP Trust

Itochu Corporation has resolved to continue the Executive Compensation BIP Trust, which has been in place since fiscal 2016, beyond fiscal 2026. The target period covers two business years from the end of March 2027 to the end of March 2028, and is operated as a performance-linked stock compensation system to encourage directors and others to contribute to medium-to-long-term performance improvement and corporate value enhancement. The total trust fund cap is 8 billion yen, and the points grant limit is 4.5 million points. Shares will be acquired either via the stock market or from the company itself and contributed to the trust.

Treatment of Points Grants and Stock Split

Directors and others will be granted performance points and dividend points, and shares will be delivered after their retirement based on cumulative points. Points are calculated according to position and performance, and following the stock split of 5 shares for each common share implemented on January 1, 2026, the number of shares granted per point will be adjusted fivefold. Shares within the trust do not exercise voting rights, and dividends are used for trust fees and crediting dividend points.