Notice Regarding Third-Party Allocation of New Shares, Partial Amendment of Articles of Incorporation, Share Consolidation and Abolition of Unit Share System, Capital Restructuring through Debt-to-Equity Conversion, and Changes in Parent Company and Major Shareholder

Overview of Capital Policy

Nippon Sheet Glass Co., Ltd. has resolved a third-party allotment of approximately 165 billion yen to investment funds affiliated with Apollo Global Management, Inc. With this capital increase, the number of newly issued shares will be 366,666,666 shares, and the allottee will hold 72.04% of the voting rights, becoming the parent company and the largest major shareholder. Related proposals will be submitted for approval at the ordinary general shareholders' meeting scheduled for late June 2026. Additionally, to restrict shareholders to the allottee only, 122,222,222 shares will be consolidated into 1 share, and other shareholders will receive a cash payment of 500 yen per share. The total number of authorized shares will also increase from 177.5 million shares to 550.04 million shares.

Purpose of Transaction and Outlook

This transaction aims to fundamentally improve the financial condition by repaying existing debt of the U.K. subsidiary and making cash payments to minority shareholders. It aims to strengthen financial structure and stabilize management. The effective date of the share consolidation is planned around November 2026, coinciding with scheduled delisting from the Tokyo Stock Exchange. Going private will enable focus on medium- to long-term growth strategies without being affected by short-term performance fluctuations. Specific impacts on financial results are currently under review and will be promptly disclosed once determined.