Kyoto Financial : Notice Regarding Changes in Directors and Executive Officers of the Company and Its Group Companies

To Whom It May Concern:

Company name: Kyoto Financial Group, Inc.

Representative: Nobuhiro Doi,

Representative Director and President

Securities code: 5844, TSE Prime

Contact: Hideki Onishi,

Executive Officer, General Manager,

Corporate Planning Division (TEL: +81-75-361-2275)

May 14, 2026

Kyoto Financial Group, Inc. (Representative Director and President: Nobuhiro Doi; the "Company") and its subsidiary, The Bank of Kyoto, Ltd. (President: Mikiya Yasui; the "Bank"), hereby announce that the Board of Directors, at the meeting held today, has proposed the following tentative changes in Directors and Executive Officers.

1. Kyoto Financial Group, Inc. (as of June 26, 2026)

   1. Changes in Directors

      New Candidate for Director

      	Name
      Outside Director (Non-executive)	Junya Naruse	Former Representative Director and President, Daiwa Investor Relations Co. Ltd

   2. Changes in Executive Officers Promoted Executive Officer

      	Name	Present position
      Managing Executive Officer	Takashi Miki	ExecutiveOfficer,GeneralManager,BusinessManagementDivision,theCompany Executive Officer, General Manager, Risk Management Division and GeneralManager,CustomerServiceOffice,RiskManagementDivision,theBank
      Managing Executive Officer	Hideki Onishi	ExecutiveOfficer,GeneralManager,CorporatePlanningDivision, theCompany Executive Officer, General Manager, Corporate Planning Division, the Bank

      New Executive Officer

      	Name	Present position
      Executive Officer	Toshihiro Yoshida	General Manager, Human Resource Strategy Division, the Company General Manager, Human Resources & General Affairs Division and General Manager, Kyoto Banking College, the Bank
      Executive Officer	Makoto Yoshimura	General Manager, Corporate Planning Division, the Company General Manager, General Secretariat, the Bank
      Executive Officer	Naoki Okajima	General Manager, Business Management Division, the Company General Manager, System Division, the Bank
      Executive Officer	Yoshihiko Nishio	General Manager, Sales Strategy Division, the Company General Manager, Business Headquarters, the Bank

      Retiring Executive Officer

      Present position	Name
      Managing Executive Officer	Kenji Hashi	Appointed to assume Representative Director and President, Kyoyu Shoji Co., Ltd. at June 29, 2026

   3. Career Summary of New Candidate for Director

      Name (Date of birth) Junya Naruse (January 16,1966)

      Career summary Apr. 1989 Joined Daiwa Securities Co. Ltd.

      Oct. 2014 General Manager of Corporate Research Department, Daiwa Securities Co. Ltd.

      Oct. 2017 General Manager of Equity Research Department, Daiwa Securities Co.

      Ltd.

      Apr. 2020 Associate Director, second in charge of Equity and Research, and General Manager of Equity Research Department, Daiwa Securities Co. Ltd.

      Oct. 2020 Associate Director, second in charge of Equity and Research, Daiwa Securities Co. Ltd.

      Apr. 2021 Associate Director, in charge of Equity and Research, Daiwa Securities Co. Ltd.

      Apr. 2023 Executive Officer, in charge of Equity and Research, and second in charge of Global Markets Strategy Planning, Daiwa Securities Co. Ltd.

      Apr. 2024 Representative Director and President of Daiwa Investor Relations Co. Ltd.

      Sep. 2024 Award Committee Member of the Intellectual Property and Intangible Assets Governance Promotion Association (present position)

      List of Directors and Executive Officers of the Company. (as of June 26, 2026)

      Position		Name
      Director and President	(Representative Director)	Nobuhiro Doi
      Director	(Representative Director)	Hiroyuki Hata
      Director		Mikiya Yasui
      Director		Minako Okuno
      Outside Director		Junya Naruse
      Director	(Audit and Supervisory Committee Member)	Toshiro Iwahashi
      Outside Director	(Audit and Supervisory Committee Member)	Chiho Oyabu
      Outside Director	(Audit and Supervisory Committee Member)	Eiji Ueki
      Outside Director	(Audit and Supervisory Committee Member)	Hiroyuki Nakatsukasa
      Outside Director	(Audit and Supervisory Committee Member)	Motoko Tanaka
      Outside Director	(Audit and Supervisory Committee Member)	Shizue Izumi
      Outside Director	(Audit and Supervisory Committee Member)	Tamame Akamatsu
      Managing Executive Officer		Kanji Habuchi
      Managing Executive Officer		Etsuji Motomasa
      Managing Executive Officer		Hiroyuki Shikata
      Managing Executive Officer		Takashi Kawakatsu
      Managing Executive Officer		Takashi Miki
      Managing Executive Officer		Hideki Onishi
      Executive Officer		Toshihiro Yoshida
      Executive Officer		Makoto Yoshimura
      Executive Officer		Naoki Okajima
      Executive Officer		Yoshihiko Nishio

2. The Bank of Kyoto, Ltd. (as of June 26, 2026)

   1. Changes in Directors Director to be promoted

      	Name	Present position
      Managing Director	Takashi Kawakatsu	Director, General Manager, Business Headquarters, the Bank Managing Executive Officer, General Manager, Sales Strategy Division, the Company

      Retiring Director

      Present position	Name
      Managing Director	Kenji Hashi	Appointed to assume Representative Director and President, Kyoyu Shoji Co., Ltd. at June 29, 2026

   2. Changes in Executive Officers Promoted Executive Officer

New Executive Officer

List of Directors, Audit & Supervisory Board Members and Executive Officers of the Bank. (as of June 26, 2026)