(Amendment) Partial Change to the Notice of Opinion Expression Supporting and Recommending Subscription for the Tender Offer by Toyota Real Estate Corporation for Our Shares

Changes to the Tender Offer

Toyota Industries Corporation announced a partial change to its opinion expressing support and recommending subscription for the tender offer by Toyota Real Estate Corporation for the company's shares. The main change is the extension of the tender offer period from the original 20 business days to 31 business days. This measure aims to provide shareholders with additional opportunities to make decisions based on the current subscription status and future subscription outlook, thereby enhancing the likelihood of successful completion of the tender offer. The tender offer price remains unchanged at ¥16,300.

Ensuring Fairness of the Tender Offer and Impact on Shareholders

The tender offer is a pre-announced type, with trading conditions including the tender offer price disclosed in advance and a relatively long period secured thereafter. Toyota Real Estate has not made any agreement with us to excessively restrict contacts with competing acquisition bidders, ensuring that shareholders have proper opportunities to make decisions and submit competing proposals. This safeguards shareholder interests and guarantees the fairness of the tender offer.