Notice Regarding the Status of Treasury Stock Acquisition (Treasury Stock Acquisition Based on Provisions of Article 165, Paragraph 2 of the Companies Act)

Overview of Capital Policy

Electric Power Development Co., Ltd. is conducting treasury stock acquisitions in accordance with a resolution of the Board of Directors dated May 9, 2025, pursuant to the provisions of Article 165, Paragraph 3 of the Companies Act. In December 2025, the Company acquired 458,100 common shares with a total acquisition cost of 1,402,438,000 yen. The acquisition period was from December 1 to December 31, 2025, based on contract date. The Board resolution sets the upper limit for the number of shares that can be acquired at 9 million shares, the maximum acquisition cost at 20 billion yen, and the acquisition period from September 1, 2025 to March 31, 2026.

Impact on Shareholders and Outlook

As of December 31, 2025, the cumulative number of shares acquired totals 5,468,700 shares, and the cumulative acquisition cost is 15,619,317,400 yen, representing approximately 4.9% of the total issued shares. This is expected to enhance shareholder value and improve capital efficiency. Going forward, the Company plans to continue treasury stock acquisitions within the scope of the Board resolution.