ITOCHU : Announcement of Changes to the “Announcement of Commencement of Tender Offer for Shares in ITOCHU-SHOKUHIN Co., Ltd. (Code No. 2692)”

March 26, 2026

ITOCHU Corporation

(Code No. 8001, Prime Market)

Representative Director and President and Chief Operation Officer: Keita Ishii Contact: Kazunori Harada

General Manager, Investor Relations Division (TEL. +81-3-3497-7295)

G. K. FMDI

Representative Member: ITOCHU Corporation Person Acting in its Capacity: Kazutaka Hiramatsu

Announcement of Changes to the “Announcement of Commencement of Tender Offer for Shares in ITOCHU-SHOKUHIN Co., Ltd. (Code No. 2692)”

ITOCHU Corporation (“ITOCHU”) and G.K. FMDI (location of the head office: Minato-ku, Tokyo; person acting in its capacity: Kazutaka Hiramatsu; the “Tender Offeror”), in which ITOCHU holds a 100% stake, individually decided on February 25, 2026 that the Tender Offeror will acquire the common shares of ITOCHU-SHOKUHIN Co., Ltd. (which is listed on the Prime Market of the Tokyo Stock Exchange Inc., Code No. 2692; the “Target Company”) (the “Target Company Shares”) through a tender offer (the “Tender Offer”) in accordance with the Financial Instruments and Exchange Act (Act No.25 of 1948, as amended; the “Act”) and commenced the Tender Offer on February 26, 2026. As of March 26, 2026, the Tender Offeror entered into respective tender contracts with Nisshin Seifun Welna Inc., POKKA SAPPORO FOOD & BEVERAGE LTD., Kikkoman Corporation, Sapporo Breweries Limited, Suntory Spirits Limited, NISSIN FOODS HOLDINGS CO., LTD., Mizkan Co., Ltd., TAKARA SHUZO CO.,LTD., Riken Vitamin Co., Ltd., Toyo Suisan Kaisha, Ltd., York-Benimaru Co., Ltd., Suntory Foods Limited, Yamaki Co., Ltd. and Ikari Sauce Co., Ltd., who are shareholders of the Target Company, whereby they agreed to tender all of their Target Company Shares in the Tender Offer and not to withdraw their tenders. In addition, as of the same date, the Tender Offeror entered into a tender contract with Mizuho Bank, Ltd., who is a shareholder of the Target Company, whereby it agreed to give the instruction to tender all of its Target Company Shares contributed to its the retirement benefit trust in the Tender Offer and not to instruct to withdraw from such tender. Furthermore, as of the same date, the Tender Offeror agreed via email with ITOCHU Techno-Solutions Corporation, ITOCHU Food Sales and Marketing Co., Ltd., TableMark Co., Ltd., ASAHIMATSU FOODS CO., LTD., CHUBEI ITOH FOUNDATION, OHMORIYA Co.,LTD.,

ITOCHU LOGISTICS CORP., Ezaki Glico Co., Ltd., Ebara Foods Industry, Inc., KING BREWING CO., LTD., Shinsei Co.,Ltd., and YAMAMORI INC., who are shareholders of the Target Company, to tender all the Target Company Shares held by them in the Tender Offer and not to withdraw their tenders. Accordingly, ITOCHU hereby announces that it will amend the content of the “Announcement of Commencement of Tender Offer for Shares in ITOCHU-SHOKUHIN Co., Ltd. (Code No. 2692)” dated February 25, 2026 (including matters amended in the “Announcement of Changes to the ‘Announcement of Commencement of Tender Offer for Shares in ITOCHU-SHOKUHIN Co., Ltd. (Code No. 2692)’” dated March 17, 2026) as follows.

These changes do not alter the purchase conditions as defined in Article 27-3, Paragraph 2, Item 1 of the Act.

The amended parts are underlined.

2. Purpose of the Purchase, Etc.

(1) Outline of the Tender Offer

(Before Amendment)

In the case where the Tender Offer is successfully completed but the Tender Offeror is unable to acquire all of the Target Company Shares (excluding the Target Company Shares held by ITOCHU and the treasury shares held by the Target Company) through the Tender Offer, the Tender Offeror, as set out in “(5) Policies on reorganization, etc. after the Tender Offer (matters concerning “two-step acquisition”)” below, plans to take a series of procedures necessary to make the Tender Offeror Parties the only shareholders of the Target Company (the “Squeeze-Out Procedures”) after the completion of the Tender Offer.

Further, according to the Target Company’s press release titled “Notice Concerning Opinion in Favor of Tender Offer for the Company Shares by G. K. FMDI, a Subsidiary of ITOCHU Corporation, the Parent Company of the Company and Recommendation to Tender,” published as of today (the “Target Company’s Press Release”), the Target Company resolved at the meeting of its board of directors held today to express an opinion in support of the Tender Offer and recommend that its shareholders tender the Target Company Shares in the Tender Offer.

Subsequently, after the commencement of the Tender Offer on February 26, 2026, the Tender Offeror asked ASAHI BREWERIES, LTD. (shares owned: 296,500 shares; ownership ratio: 2.34%), Hagoromo Foods Corporation (shares owned: 87,100 shares; ownership ratio: 0.69%), Morinaga & Co., Ltd. (shares owned: 37,510 shares; ownership ratio: 0.30%), Umios Corporation (shares owned: 30,650 shares; ownership ratio: 0.24%), S&B FOODS INC. (shares owned: 24,965 shares; ownership ratio: 0.20%), Meiji Co., Ltd. (shares owned: 20,315 shares; ownership ratio: 0.16%), Kewpie Corporation (shares owned: 20,000 shares; ownership ratio: 0.16%), The Nisshin OilliO Group, Ltd. (shares owned: 20,000 shares; ownership ratio: 0.16%), NIPPN CORPORATION (shares owned: 20,000 shares; ownership ratio: 0.16%), Nestlé Japan Ltd. (shares owned: 20,000 shares; ownership ratio: 0.16%), Gekkeikan Sake Company, Limited (shares owned: 15,300 shares; ownership ratio: 0.12%), Asahi Soft Drinks Co., Ltd. (shares owned: 12,000 shares; ownership ratio: 0.09%), Ozeki Co., Ltd. (shares owned: 10,000 shares; ownership ratio: 0.08%), Tatsuuma-Honke Brewing Co. Ltd. (shares owned: 10,000 shares; ownership ratio: 0.08%), HAKUTSURU SAKE BREWING CO.,LTD. (shares owned: 10,000 shares; ownership ratio: 0.08%), BULL-DOG SAUCE CO.,LTD. (shares owned: 10,000 shares; ownership ratio: 0.08%), Sumitomo Mitsui Trust Bank, Limited (shares owned: 10,000 shares; ownership ratio: 0.08%), and YUASA FUNASHOKU Co., Ltd. (shares owned: 10,000 shares; ownership ratio: 0.08%), who are shareholders of the Target Company (collectively referred to as the “Tender Contract Executing Shareholders”), to tender their shares in the Tender Offer. Following consideration by the Tender Contract Executing Shareholders, the Tender Offeror confirmed their intention to tender all the Target Company Shares held by them in the Tender Offer and entered into respective contracts with the Tender Contract Executing Shareholders on March 17, 2026, whereby they agreed to tender all of their Target Company Shares in the Tender Offer and not to withdraw their tenders (the “Tender Contracts”). In addition, in the Tender Contract with ASAHI BREWERIES, LTD., ASAHI BREWERIES, LTD. agreed to instruct Sumitomo Mitsui Trust Bank, Limited, as trustee (shares owned: 815,000 shares; ownership ratio: 6.42%) (re-trustee: Custody

Bank of Japan, Ltd.; the “Retirement Benefit Trust Account Shares”), to tender all of its Target Company Shares contributed to the retirement benefit trust with them in the Tender Offer and not to instruct Sumitomo Mitsui Trust Bank, Limited to withdraw from such tender. For the details of the Tender Contracts, please see “(3) Matters Concerning Material Agreements Related to Tender Offer” below.

For details of the Target Company’s decision-making, please see the Target Company’s Press Release and “(ii) Target Company’s decision-making process and reasons” in “(2) Background, purposes, and decision-making process leading to the implementation of the Tender Offer, and management policy following the Tender Offer” below.

(After Amendment)

In the case where the Tender Offer is successfully completed but the Tender Offeror is unable to acquire all of the Target Company Shares (excluding the Target Company Shares held by ITOCHU and the treasury shares held by the Target Company) through the Tender Offer, the Tender Offeror, as set out in “(5) Policies on reorganization, etc. after the Tender Offer (matters concerning “two-step acquisition”)” below, plans to take a series of procedures necessary to make the Tender Offeror Parties the only shareholders of the Target Company (the “Squeeze-Out Procedures”) after the completion of the Tender Offer.

Further, according to the Target Company’s press release titled “Notice Concerning Opinion in Favor of Tender Offer for the Company Shares by G. K. FMDI, a Subsidiary of ITOCHU Corporation, the Parent Company of the Company and Recommendation to Tender,” published as of today (the “Target Company’s

Press Release”), the Target Company resolved at the meeting of its board of directors held today to express an opinion in support of the Tender Offer and recommend that its shareholders tender the Target Company Shares in the Tender Offer.

Subsequently, after the commencement of the Tender Offer on February 26, 2026, the Tender Offeror asked ASAHI BREWERIES, LTD. (shares owned: 296,500 shares; ownership ratio: 2.34%), Hagoromo Foods Corporation (shares owned: 87,100 shares; ownership ratio: 0.69%), Morinaga & Co., Ltd. (shares owned: 37,510 shares; ownership ratio: 0.30%), Umios Corporation (shares owned: 30,650 shares; ownership ratio: 0.24%), S&B FOODS INC. (shares owned: 24,965 shares; ownership ratio: 0.20%), Meiji Co., Ltd. (shares owned: 20,315 shares; ownership ratio: 0.16%), Kewpie Corporation (shares owned: 20,000 shares; ownership ratio: 0.16%), The Nisshin OilliO Group, Ltd. (shares owned: 20,000 shares; ownership ratio: 0.16%), NIPPN CORPORATION (shares owned: 20,000 shares; ownership ratio: 0.16%), Nestlé Japan Ltd. (shares owned: 20,000 shares; ownership ratio: 0.16%), Gekkeikan Sake Company, Limited (shares owned: 15,300 shares; ownership ratio: 0.12%), Asahi Soft Drinks Co., Ltd. (shares owned: 12,000 shares; ownership ratio: 0.09%), Ozeki Co., Ltd. (shares owned: 10,000 shares; ownership ratio: 0.08%), Tatsuuma-Honke Brewing Co. Ltd. (shares owned: 10,000 shares; ownership ratio: 0.08%), HAKUTSURU SAKE BREWING CO.,LTD. (shares owned: 10,000 shares; ownership ratio: 0.08%), BULL-DOG SAUCE CO.,LTD. (shares owned: 10,000 shares; ownership ratio: 0.08%), Sumitomo Mitsui Trust Bank, Limited (shares owned: 10,000 shares; ownership ratio: 0.08%), and YUASA FUNASHOKU Co., Ltd. (shares owned: 10,000 shares; ownership ratio: 0.08%), who are shareholders of the Target Company (collectively referred to as the “Tender Contract Executing Shareholders (March 17, 2026)”), to tender their shares in the Tender Offer. Following consideration by the Tender Contract Executing Shareholders (March 17, 2026), the Tender Offeror confirmed their intention to tender all the Target Company Shares held by them in the Tender Offer and entered into respective contracts with the Tender Contract Executing Shareholders (March 17, 2026) on March 17, 2026, whereby they agreed to tender all of their Target Company Shares in the Tender Offer and not to withdraw their tenders (the “Tender Contracts (March 17, 2026)”). In addition, in the Tender Contract (March 17, 2026) with ASAHI BREWERIES, LTD., ASAHI BREWERIES, LTD. agreed to instruct Sumitomo Mitsui Trust Bank, Limited, as trustee (shares owned: 815,000 shares; ownership ratio: 6.42%) (re-trustee: Custody Bank of Japan, Ltd.; the “Retirement Benefit Trust Account Shares (ASAHI BREWERIES)”), to tender all of its Target Company Shares contributed to the retirement benefit trust with them in the Tender Offer and not to instruct Sumitomo Mitsui Trust Bank, Limited to withdraw from such tender.

In addition, after the commencement of the Tender Offer on February 26, 2026, the Tender Offeror asked Nisshin Seifun Welna Inc. (shares owned: 20,425 shares; ownership ratio: 0.16%), POKKA SAPPORO FOOD & BEVERAGE LTD. (shares owned: 20,100 shares; ownership ratio: 0.16%), Kikkoman Corporation (shares owned: 20,000 shares; ownership ratio: 0.16%), Sapporo Breweries Limited (shares owned: 20,000 shares; ownership ratio: 0.16%), Suntory Spirits Limited (shares owned: 20,000 shares; ownership ratio: 0.16%), NISSIN FOODS HOLDINGS CO., LTD. (shares owned: 20,000 shares; ownership ratio: 0.16%), Mizkan Co., Ltd. (shares owned: 20,000 shares; ownership ratio: 0.16%), TAKARA SHUZO CO., LTD. (shares owned: 10,000 shares; ownership ratio: 0.08%), Riken Vitamin Co., Ltd. (shares owned: 10,000 shares; ownership ratio: 0.08%), Toyo Suisan Kaisha, Ltd. (shares owned: 5,810 shares; ownership ratio: 0.05%), York-Benimaru Co., Ltd. (shares owned: 5,000 shares; ownership ratio: 0.04%), Suntory Foods Limited (shares owned: 2,000 shares; ownership ratio: 0.02%), Yamaki Co., Ltd. (shares owned: 2,000 shares; ownership ratio: 0.02%) and Ikari Sauce Co., Ltd. (shares owned: 100 shares; ownership ratio: 0.00%), who are shareholders of the Target Company (collectively referred to as the “Tender Contract Executing Shareholders (March 26, 2026)”, and the Tender Contract Executing Shareholders (March 17, 2026) and the Tender Contract Executing Shareholders (March 26, 2026) shall

be collectively referred to as the “Tender Contract (Business Partners) Executing Shareholders”.), to tender their shares in the Tender Offer. Following consideration by the Tender Contract Executing Shareholders (March 26, 2026), the Tender Offeror confirmed their intention to tender all the Target Company Shares held by them in the Tender Offer and entered into respective contracts with the Tender Contract Executing Shareholders (March 26, 2026) on March 26, 2026, whereby they agreed to tender all of their Target Company Shares in the Tender Offer and not to withdraw their tenders (the “Tender Contracts (March 26, 2026)”, and the Tender Contracts (March 17, 2026) and the Tender Contracts (March 26, 2026) shall be collectively  referred  to  as  the  “Tender  Contracts  (Business  Partners).”).  Furthermore,  after  the commencement of the Tender Offer on February 26, 2026, the Tender Offeror asked Mizuho Bank, Ltd. (shares owned: 127,300 shares, ownership ratio: 1.00%) (Tender Contract (Business Partners) Executing Shareholders and Mizuho Bank, Ltd. shall be collectively referred to as the “Tender Contract Executing Shareholders”), who is a shareholder of the Target Company, to tender its shares in the Tender Offer. Following consideration by Mizuho Bank, Ltd., the Tender Offeror entered into a contract with Mizuho Bank, Ltd., whereby Mizuho Bank agreed to instruct Mizuho Trust & Banking Co., Ltd., as trustee (shares owned: 127,300 shares; ownership ratio: 1.00%) (re-trustee: Custody Bank of Japan Ltd.; the “Retirement Benefit Trust Account Shares (Mizuho Bank)”), to tender all of its Target Company Shares contributed to the retirement benefit trust with them in the Tender Offer and not to instruct Mizuho Trust & Banking Co., Ltd. to withdraw from such tender (the “Tender Contract (Mizuho Bank)”, and the Tender Contracts (Business Partners) and the Tender Contract (Mizuho Bank) shall be collectively referred to as the “Tender Contracts”.). Moreover, after the commencement of the Tender Offer on February 26, 2026, the Tender Offeror asked ITOCHU Techno-Solutions Corporation (shares owned: 10,000 shares; ownership ratio: 0.08%), ITOCHU Food Sales and Marketing Co., Ltd. (shares owned: 3,000 shares; ownership ratio: 0.02%), TableMark Co., Ltd. (shares owned: 3,000 shares; ownership ratio: 0.02%), ASAHIMATSU FOODS CO.,  LTD. (shares owned: 2,000 shares; ownership  ratio: 0.02%), CHUBEI  ITOH FOUNDATION (shares owned: 2,000 shares; ownership ratio: 0.02%), OHMORIYA Co.,LTD. (shares owned: 2,000 shares; ownership ratio: 0.02%), ITOCHU LOGISTICS CORP. (shares owned: 1,000 shares; ownership ratio: 0.01%), Ezaki Glico Co., Ltd. (shares owned: 1,000 shares; ownership ratio: 0.01%), Ebara Foods Industry, Inc. (shares owned: 1,000 shares; ownership ratio: 0.01%), KING BREWING CO., LTD. (shares owned: 1,000 shares; ownership ratio: 0.01%), Shinsei Co.,Ltd. (shares owned: 1,000 shares; ownership ratio: 0.01%), and YAMAMORI INC. (shares owned: 1,000 shares; ownership ratio: 0.01%),who are shareholders of the Target Company (collectively referred to as the “Agreed Tendering Shareholders”), to tender their shares in the Tender Offer. Following consideration by the Agreed Tendering Shareholders, the Tender Offeror confirmed their intention to tender all the Target Company Shares held by them in the Tender Offer and agreed via e-mail with the Agreed Tendering Shareholders to tender all of their Target Company Shares in the Tender Offer and not to withdraw their tenders (the “Tender Agreements”).

For the details of the Tender Contracts and Tender Agreements, please see “(3) Matters Concerning Material Agreements Related to Tender Offer” below. As a result of the Tender Contracts and Tender Agreements, as of March 26, 2026, Tender Offeror has entered into Tender Contracts and obtained agreements on tendering of shares of 1,810,075 (ownership ratio: 14.27%) shares in total, which exceeds the planned minimum number of shares to be purchased in the Tender Offer (1,801,900 shares (ownership ratio: 14.20%)).