Mitsubishi : Notice Regarding Amalgamation Among Subsidiaries and Change in Specified Subsidiaries

About this update from Mitsubishi Corporation

Cermaq Group AS ("Cermaq"), a wholly owned subsidiary of Mitsubishi Corporation ("the Company"), resolved on May 28 (Norwegian time) to implement an amalgamation among its subsidiaries in Canada. As a result of this resolution, CQ Canada Holding Ltd., currently a specified subsidiary of the Company, will cease to qualify as a specified subsidiary. Meanwhile, Cermaq British Columbia Ltd., a newly established company, will have capital exceeding one-tenth of the Company's capital and will therefore qualify as a specified subsidiary of the Company. Since this transaction constitutes an organizational restructuring among the Company's consolidated subsidiaries, certain disclosure items and details have been omitted.１．Reason for Change The purpose of this transaction is to integrate multiple subsidiaries under Cermaq's Canadian operations and consolidate their functions into a newly established company, thereby enhancing the efficient use of management resources and achieving functional integration. ２． Outline of the Transaction （１）Schedule ・Date of execution of the restructuring agreement among the companies subject to the restructuring: May 28, 2026 (Norwegian time) ・Effective date of the amalgamation: June 1, 2026 (scheduled) （２）Structure of the Transaction This transaction involves amalgamation among Cermaq's subsidiaries in accordance with applicable local laws, whereby the newly established company will succeed to all assets, liabilities, rights, and obligations of each of the merging subsidiaries. （３）Terms of Allotment This transaction will be carried out as an amalgamation under applicable local laws. As the rights of the shareholders of the pre-amalgamation companies are succeeded by the newly established company, the shares of the pre-amalgamation companies will be partially cancelled, and the remaining shares will be exchanged for shares of the newly established company. （４）Treatment of Stock Options and Bonds with Stock Acquisition Rights of the Dissolved Companies Not applicable. ３．Overview of the Companies Involved in the Organizational Restructuring （１）Specified Subsidiaries Subject to the Change -Newly Qualifying(Newly Established Company by Amalgamation) -To be Excluded (Companies Subject to the Restructuring) * The applied foreign exchange rate is 117.28, TTM rate as of the end of April, 2026. ** Unconsolidated base （２）Subsidiaries Other than...

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