Mitsui : Notice of the 107th Ordinary General Meeting of Shareholders

About this update from Mitsui & Co.,ltd

otice o e 1 enera eeting o are ers MITSUI & CO.,LTD. Note: This document has been translated from Japanese original for reference purpose only, withou† any warranty as †o its accuracy or as to †he completeness of the information. The Japanese original version is the sole official version. 360°business innovation. MITSUI & CO. Dear Shareholders, Thank you for your ongoing support to Mitsui & Co. I hereby present the notice of convocation for the 107th Ordinary General Meeting of Shareholders. The fiscal year ended March 2026, which marked the final year of the Medium-term Management Plan 2026, was a period in which the global business environment underwent significant change triggered by developments in the Middle East and other factors. Amid increasingly wider swings in the operating environment, we continued to strengthen the profitability of each business while ensuring thorough risk management. We have made further progress in strengthening our business portfolio through disciplined investments and the strategic recycling of assets. We were also able to generate robust cash flows and stable earnings and achieved strong results that surpassed the targets in our business plan. Our new Medium-term Management Plan is built around the theme of "Shaping Futures - Trust and Innovation". We will embark on the Plan in an environment that remains highly uncertain. Nevertheless, we will continue to strengthen our fundamental competitiveness through the newly defined Key Strategic Initiatives with a clear focus on the future. We will further develop our downside resilience through rigorous risk management and expand our business portfolio which has strong growth potential. Building on our cross-industry capabilities, we will promote innovation by integrating new technologies and AI with our business foundations. We remain committed to delivering realistic and sustainable solutions sought by our customers, as well as ensuring the long-term, stable supply of a broader range of products and services that meet customer needs. On behalf of Mitsui & Co., I would like to ask for your continued support and encouragement. May 2026 Kenichi Hori Representative Director, President and Chief Executive Officer Mitsui & Co., Ltd. MITSUI & CO., LTD. 2-1, Otemachi 1-chome, Chiyoda-ku, Tokyo Date of issuance: May 29, 2026 Start date of measures for providing information in electronic format: May 16, 2026 To the shareholders of Mitsui & Co., Ltd.: Notice of the 107th Ordinary General Meeting of Shareholders You are hereby notified of the 107th Ordinary General Meeting of Shareholders (the "Meeting") of Mitsui & Co., Ltd. (the "Company", "Mitsui" or "we"), to be held as set forth below. When convening this general meeting of shareholders, the Company takes measures for providing information that constitutes the content of reference documents for the general meeting of shareholders, etc. (items for which measures for providing information in electronic format are to be taken) in electronic format and posts this information as "Notice of the 107th Ordinary General Meeting of Shareholders" on the Company's website. Please access the Company's website by using the internet address shown below to review the information. The Company's website: https://www.mitsui.com/jp/en/ir/information/general/index.html In addition to the Company's website mentioned above, the items for which measures for providing information in electronic format are to be taken are also posted on each of the following websites. Website title and URL Method of access Listed Company Search (TSE) https://www2.jpx.co.jp/tseHpFront/ JJK010010Action.do?Show=Show (in Japanese) Enter "Mitsui & Co." in "Issue name (company name)" or the Company's securities identification code "8031" in "Code", and click "Search". Then, click "Basic information" and select "Documents for public inspection/PR information". Kabunushi Soukai Portal® (Sumitomo Mitsui Trust Bank, Limited) https://www.soukai-portal.net (in Japanese) Scan the QR code® on the enclosed voting card or enter your log in ID and password on the website. (For details, please refer to the "Procedure for Exercising Voting Rights via Internet" on page 7 . You may also exercise your voting rights of the General Meeting of Shareholders in advance by using the voting card or via the Internet. The deadline for exercising your voting rights in advance will be 5:30 p.m. (Japan time) on Tuesday, June 16, 2026 (For details, please refer to the "Guidelines for Exercising Voting Rights in Advance" on pages 6-7). We will livestream the Meeting via the Internet so that our shareholders are able to view the proceedings of the Meeting instead of visiting the venue of the Meeting (For details, please refer to the "Information on Livestream" on pages 9-10). However, viewing the Meeting via the livestream is not recognized as the attendance to the General Meeting of Shareholders under the Companies Act of Japan. Furthermore, shareholders can submit matters of concern via: (1) a questionnaire survey after exercising voting rights via スマート行使® (smart voting); and (2) the livestream webpage. Among the matters received in advance, those of particular concern to shareholders will be answered on the day of the Meeting. Yours sincerely, Kenichi Hori Representative Director, President and Chief Executive Officer Mitsui & Co., Ltd. Date and Time: June 17, 2026 (Wednesday) at 10:00 a.m. (doors open at 9:00 a.m.) Place: 10-4, Toranomon 2-chome, Minato-ku, Tokyo The Okura Tokyo, Heian Room Agenda MATTERS TO BE REPORTED Reports on the Business Report, Consolidated Financial Statements for the 107th Fiscal Year (from April 1, 2025, to March 31, 2026), and the Results of the Audit thereof by the Independent Auditor and the Audit & Supervisory Board. Reports on the Non-Consolidated Financial Statements for the 107th Fiscal Year (from April 1, 2025, to March 31, 2026). PROPOSED RESOLUTIONS Item 1: Distribution of Surplus Item 2: Election of Twelve (12) Directors Item 3: Election of Two (2) Audit & Supervisory Board Members Item 4: Revision of Remuneration Amount for Directors Please refer to the "Reference Materials for the Exercise of Voting Rights" on pages 12-36 for details of the proposed resolutions and related information. Notes regarding the Exercise of Voting Rights Where there is no indication of either "approval" or "disapproval" of the respective proposed resolutions on the voting card, it shall be deemed that each of the Items was approved for the company proposals, and disapproved for the shareholder proposals. Duplication of votes Where votes have been cast several times via the Internet, the vote cast last will be taken as the validly exercised vote. Where votes have been cast both via the Internet and by voting card, the vote that arrives at the Company latest (in terms of days) will be taken as the validly exercised vote. Further, in the event that duplicate votes arrive at the Company on the same day, the vote cast via the Internet will be taken as the validly exercised vote. Note: Shareholders attending the Meeting in person are requested to submit the enclosed voting card at the Meeting reception desk. Moreover, the shareholders may exercise their voting rights at the Meeting by appointing one (1) proxy who is also a shareholder of the Company entitled to voting rights at the Meeting. In case of voting by proxy, please have the proxy present the voting card along with written proof of their right of proxy at the Meeting reception desk. ⯎ Where there are changes in either this Convocation Notice or the items for which measures for providing information in electronic format are to be taken, such information, displaying the matters prior to the change and after the change, will be posted on the aforementioned websites. ⯎ Among the items for which measures for providing information in electronic format are to be taken, the following items are not included in this Convocation Notice or in the paper-based documents delivered to shareholders who have made a request for delivery of such documents, but are posted only on each of the aforementioned websites, based on relevant laws and the Company's Articles of Incorporation. In addition, the Audit & Supervisory Board Members and the Independent Auditor have audited the documents subject to audit, including the following items (However, matters marked Unaudited are excluded). Business Report Current Status of the Company (Principal group business, Principal group offices, Group employees, Principal sources of borrowings, Outline of Financing and Capital Expenditure, Trends in Value of Assets and Operating Results), Matters Related to Directors, Officers and Audit & Supervisory Board Members (Status of Managing Officers, and Status of External Directors and External Audit & Supervisory Board Members), Matters Related to Shares of Mitsui & Co., Ltd., Matters Related to Subscription Rights to Shares, etc., Status of Independent Auditor, Necessary Systems to Ensure Appropriate Operations and Status of Operations of the Systems. Consolidated Financial Statements Consolidated Statements of Changes in Equity, Consolidated Statements of Comprehensive Income [Supplementary Information] (Unaudited), Segment Information [Supplementary Information] (Unaudited), Notes to Consolidated Financial Statements. Non-Consolidated Financial Statements Statements of Changes in Equity, Notes to Non-Consolidated Financial Statements. Reference Equity Securities Held (Unaudited) Note: "Mitsui," "Mitsui & Co." and the "Company" are used to refer to Mitsui & Co., Ltd. (Mitsui Bussan Kabushiki Kaisha). The term the "Group" and the "Mitsui & Co. Group" refers to "business group" as defined in Article 120, Paragraph 2 of the Regulation for Enforcement of the Companies Act of Japan. For shareholders with physical disabilities or impairments Please feel free to ask management staff for assistance with wheelchair support, guidance to seats and restrooms, and other services upon request. In addition, written assistance at the reception desk is available and sign language interpreters are on standby. Support Guidelines for Exercising Voting Rights in Advance Note: Where votes have been cast several times, the last vote received by the Company will be taken as the validly exercised vote. In the event that votes cast via the Internet and by voting card arrive at the Company on the same day, the vote cast via the Internet will be taken as the validly exercised vote. Procedure for Exercising Voting Rights in Writing If voting in writing, please follow the instructions below and mail your completed voting card (enclosed) to arrive by 5:30 p.m. (Japan time) on Tuesday, June 16, 2026. Procedure to fill in the voting card Please circle the response corresponding to your vote for each item. 【Items 2 and 3】 Circle "賛" to approve all the candidates Circle "否" to disapprove all the candidates Circle "賛" and write the candidate number that you disapprove if you disapprove a part of the candidates. 【Items 1 and 4】 Circle "賛" to approve the item Circle "否" to disapprove the item Procedure for Exercising Voting Rights via Internet If voting via the Internet, please follow the instructions below and complete the voting procedure by 5:30 p.m. (Japan time) on Tuesday, June 16, 2026. If you exercise your voting rights via スマート行使® (smart voting), we would appreciate your cooperation in filling out the questionnaire survey. Procedure for exercising voting rights via smartphone, etc. "スマート行使®" Scan the QR code® shown on the voting card. Note: The QR codeⓇis the registered trademark of Denso Wave Incorporated. Tap the "議決権行使へ (exercise voting rights)" button on the home screen of the 株主総会ポータル® (Shareholders' Meeting Portal). The スマート行使®(smart voting) home screen will be displayed. Please cast your vote by following the directions on the screen. Procedure for exercising voting rights via PC, etc. Please access the following URL and enter the login ID and password shown on your voting card. 株主総会ポータル® (Shareholders' Meeting Portal) URL https://www.soukai-portal.net (in Japanese) After logging in, please cast your vote by following the directions on the screen. If you wish to change the content of your votes after having once exercised your voting rights, you will need to enter the voting code/Shareholders Meeting Portal Login ID and password shown on your voting card. Inquires Sumitomo Mitsui Trust Bank, Limited, Stock Transfer Agency Business Planning Department, Web Support 0120-652-031 (Service hours: 9:00 a.m. to 9:00 p.m. (Japan time)) You can also use the website for the exercise of voting rights ( https://www.web54.net (in Japanese)). The electronic voting platform for institutional investors operated by ICJ, Inc. can be used by registering in advance, as an alternative to exercising voting rights via the Internet. Information on Gift Drawing upon Exercising Voting Rights via スマート 行使® (Smart Voting) If you exercise your voting right via スマート行使®(smart voting) through 株主総会ポータ ル®(Shareholders' Meeting Portal) as outlined above or 株主パスポート®(Shareholders' Passport), an application provided by Sumitomo Mitsui Trust Bank, Limited, there is a questionnaire survey distributed via 株主パスポート®(Shareholders' Passport) for you to inform us of matters of concern prior to the Meeting. 3,000 individual shareholders, selected by drawing from among the shareholders who have responded to the questionnaire survey and have registered to 株主パスポート®(Shareholders' Passport)* will receive 3,000 Shareholders' Points, redeemable on 株主パスポート®(Shareholders' Passport). * Please download 株主パスポート®(Shareholders' Passport) app, register as a member and register our shares therein. Considerations regarding the gift drawing and handling of personal information Shareholders residing in Japan who have exercised their voting rights via スマート行使® (smart voting) are eligible for the gift drawing. Regardless of the number of voting rights held, entries will be limited to one for each shareholder who has exercised their voting rights via スマート行使® (smart voting). In lieu of an announcement of the winner, we will award Shareholders' Point to the winners' account of 株主パスポート®(Shareholders' Passport). The Company will utilize the entry information, names and addresses of shareholders, shareholder numbers and whether or not said shareholders have exercised voting rights via スマート行使® (smart voting), which have been provided by shareholders entering into the gift drawing and are necessary for the gift drawing (hereinafter referred to as the "Personal Information from Entering Shareholders"), for the purposes of the drawing, winner notifications and responding to inquiries in addition to compiling statistical information not specific to any individual in order to analyze the effect of the gift drawing (hereinafter referred to as the "Purposes"). The Company will not utilize the Personal Information from Entering Shareholders for any purposes other than the Purposes without the consent of the shareholders. The Personal Information from Entering Shareholders acquired through this gift drawing will not be disclosed to any third parties, except for Sumitomo Mitsui Trust Bank, Limited, which is the administrator of the register of shareholders and contractors (hereinafter collectively referred to as the "Relevant Disclosure Destinations") for the Purposes. By entering the gift drawing, we deem that you consent to providing Personal Information from Entering Shareholders to the Relevant Disclosure Destinations. Information on Livestream The Meeting will be livestreamed online (Japanese only) as follows for viewing at home or elsewhere. Livestream coverage of the Meeting venue will be limited to the area in the vicinity of chair and officer seating out of consideration for the privacy of those shareholders attending the Meeting. In some cases, however, images of shareholders in attendance may unavoidably appear in the live-stream footage. We appreciate your understanding in that regard. 1. Date and time of livestream Wednesday, June 17, 2026, from 10:00 a.m. until the conclusion of the Meeting * The livestream screen will be accessible beginning at around 9:30 a.m. on the day of the Meeting. 2. Accessing the livestream broadcast Upon having located your shareholder number as required for log-in via the shareholder authentication screen (log-in screen), you may gain access to the livestream broadcast by directly entering the URL as shown in 3. below or scanning the QR code® shown on the left using your PC or smartphone, etc. (make sure to keep a record of your shareholder number prior to mailing in your voting card). Shareholder ID: The shareholder number stated on the voting card, documentation related to dividends, or other such documentation (9 digits) Password: Postal code of the registered address listed on the register of shareholders (7 digits excluding hyphen) 3. URL for access to the livestreaming https://www.virtual-sr.jp/users/mbk/login.aspx (in Japanese) 4. Acceptance of We will accept matters of concern from shareholders submitted beforehand (from Friday, matters of May 29, 2026 to Tuesday, June 16, 2026 (5:30 p.m.)) and on the day of the Meeting concern (from 10:00 a.m. until the end of the Q&A session at the Meeting) to the livestream beforehand webpage mentioned in 3. above. Please access the livestream webpage and enter your ID and password. After clicking on the "視聴する(Watch)" button, please write your matters of concern. When writing your matters of concern, please keep it succinct. Of the matters we receive beforehand, we may provide responses for matters of particular concern to shareholders on the day of the Meeting. For matters on which we receive questions on the day of the Meeting that are of particular interest to shareholders, we will make responses available on our website at a later date. In addition, these comments received from shareholders will not be disclosed at the Meeting venue or as part of the livestream. Inquiries Inquiries regarding the method to view the live-stream footage of the Meeting: J-Stream Inc.; Tel: 054-333-9211 Service hours: Wednesday, June 17, 2026 (Day of the Meeting) From 9:30 a.m. until the conclusion of the Meeting (Japan time) Other inquiries including the shareholder ID and password: Sumitomo Mitsui Trust Bank, Limited, Stock Transfer Agency Business Planning Department; Tel: 0120-782-041 Period of availability: From Friday, May 29, 2026 until Wednesday, June 17, 2026 Service hours: 9:00 a.m. to 5:00 p.m. (Japan time) except for weekends and holidays Important considerations pertaining to the livestream of the General Meeting of Shareholders Those viewing the Meeting via the livestream are not deemed to have attended the Meeting pursuant to the Companies Act of Japan and accordingly will not be able to exercise their voting rights on the day of the Meeting. As such, we ask that those viewing the proceedings via the livestream exercise their voting rights using the enclosed voting card or via the Internet, etc. prior to the Meeting. Please be aware that you may encounter issues regarding livestream video and audio due to factors that include the model, performance, etc. of your PC or smartphone, etc. or your Internet connection environment (line connection status, connection speed, etc.). The livestream may have video or sound issues, or be suspended temporarily due to system failure, the communications environment, etc. Furthermore, the Company assumes no responsibility whatsoever for any damage incurred by shareholders due to the communications environment, system failure, etc. The Company is making every effort to ensure the livestream of the Meeting. However, it may be stopped depending on the situation in the event that people are unable to participate due to some unforeseen matter, such as the deterioration of the communications environment, system failure, etc. The recording of sound, video or the publication of the proceedings of the livestream of the Meeting is prohibited as it may infringe on shareholders' portrait rights, etc. The Company limits access for viewing the livestream to shareholders only. It is strictly forbidden to share the shareholder ID and password for viewing the livestream with others. Shareholders are to assume responsibility for payment of telecommunications fees and other such costs incurred with respect to viewing the livestream. Business Results Summary Profit for the Year Attributable to Owners of the Parent / Core Operating Cash Flow In the fiscal year ended March 2026, Profit for the Year Attributable to Owners of the Parent was 834.0 billion yen, a decrease of 66.3 billion yen from the fiscal year ended March 2025. Return on Equity (ROE) was 10.2%, 1.7 points down from the previous fiscal year. Core Operating Cash Flow was 978.9 billion yen, a decrease of 48.6 billion yen. Financial Condition Total assets as of March 31, 2026 were 20,821.5 billion yen, an increase of 4,010.0 billion yen. Net interest-bearing debt (interest-bearing debt less cash and cash equivalents and time deposits) increased by 808.9 billion yen to 4,139.0 billion yen. Meanwhile, shareholder equity increased by 1,221.1 billion yen to 8,767.7 billion yen. As a result, the net debt-to-equity ratio (net DER) was 0.47 times, 0.03 points higher than the previous fiscal year-end. Reference Materials for the Exercise of Voting Rights Proposed Resolutions and Related Information Item 1: Distribution of Surplus Our basic policy regarding the distribution of profits is to directly provide returns to shareholders by paying out dividends based on our highly recurring cash generation capabilities. During the Medium-term Management Plan period (the fiscal year ended March 2024 to the fiscal year ended March 2026), which includes the current fiscal year, we have maintained a progressive dividend policy, aiming to either maintain or increase dividends. Under these policies, taking into consideration Core Operating Cash Flow and profit for the year attributable to owners of the parent in the fiscal year ended March 2026 as well as stability and continuity of the amount of dividend, we propose to pay a full-year dividend of 115 yen per share (including an interim dividend of 55 yen) with a year-end dividend of 60 yen per share. Type of Dividend Payment Cash Matters Relating to the Dividend Payment and the Total Amount Distributed to Shareholders Payment of 60 yen per common stock, for a total amount of 170,857,704,660 yen An interim dividend of 55 yen per share of common stock was paid in December 2025, which would result in a full-year dividend of 115 yen per share of common stock. Date the Distribution of Surplus Will Become Effective June 18, 2026 Note: The year-end dividend per share and full-year dividend per share for the fiscal year ended March 2026 (the current fiscal year), were calculated based on the assumption that this Item will be approved as proposed. Item 2: Election of Twelve (12) Directors The terms of office for all the current twelve (12) Directors will expire at the conclusion of this Meeting. Therefore, the Company proposes to elect twelve (12) Directors. The Board of Directors has determined the following candidates for the Director positions. Each candidate has received confirmation from all members of the Nomination Committee, an advisory body to the Board of Directors, in which External Members comprise a majority, that they all fulfill the necessary requirements based on the selection criteria formulated by the Nomination Committee. Candidate Number Name Age Current Position in the Company Board of Directors meeting attendance (FY March 2026) Term of office for Director Governance Committee Nomination Committee Remuneration Committee Gender 1* Tatsuo Yasunaga 65 Reelection Representative Director, Chair of the Board of Directors 11/11 11 years ◎ Male 2* Kenichi Hori 64 Reelection Representative Director, President 11/11 8 years ○ ○ Male 3* Kazumasa Nakai 62 Reelection Representative Director Executive Vice President 8/8 3 years ○ Male 4* Tetsuya Fukuda 57 Reelection Representative Director, Senior Executive Managing Officer 8/8 1 year Male 5* Makoto Tanaka 58 New Executive Managing Officer --- ○ Male 6* Masaya Inamuro 57 New Executive Managing Officer --- Male 7 Samuel Walsh 76 Reelection External Independent Director 11/11 9 years ○ Male 8 Takeshi Uchiyamada 79 Reelection External Independent Director 11/11 7 years ◎ Male 9 Masako Egawa 69 Reelection External Independent Director 11/11 6 years ○ ◎ Female 10 Fujiyo Ishiguro 68 Reelection External Independent Director 11/11 3 years ○ Female 11 Sarah L. Casanova 61 Reelection External Independent Director 11/11 3 years ○ Female 12 Jessica Tan Soon Neo 60 Reelection External Independent Director 10/11 3 years ○ Female Note 1: Persons marked with an asterisk (*) are to be appointed as Representative Directors by the Board of Directors meeting after the conclusion of this Meeting, provided that this Item is approved. The members of the respective advisory committees are those that will be assigned assuming this Item is approved (◎: committee chair). Note 2: The attribute of "New" indicates a candidate who is not currently serving as Director. Note 3: "Independent" indicates that the candidate meets the independence criteria of the Tokyo Stock Exchange and the Company, and has been registered as an independent director. For information regarding the Appointment Standards for Directors and Audit & Supervisory Board Members and Criteria of Independence for External Directors or External Audit & Supervisory Board Members ("External Members") set by the Company, please refer to pages 62-64 of "Notice of the 107th Ordinary General Meeting of Shareholders" posted on the Company's website. Note 4: Mr. Kazumasa Nakai's years of service as a director include the period from June 2022 to June 2024 during which he served as a director. Note 5: The age of each of the candidates is as of this Meeting. Note 6: The number of the Company's shares held by each person shown on and after page 15 is the figure as of March 31, 2026. Mr. Makoto Tanaka and Mr. Masaya Inamuro were granted the restricted ordinary shares of the Company on April 30, 2026, based on the tenure-linked restricted stock units granted to them during the period in which they were Managing Officers not concurrently serving as Directors. Note 7: There is no special interest between each of the candidates for Director and the Company. Note 8: The Company has entered into agreements with Mr. Samuel Walsh, Mr. Takeshi Uchiyamada, Ms. Masako Egawa, Ms. Fujiyo Ishiguro, Ms. Sarah L. Casanova, and Ms. Jessica Tan Soon Neo pursuant to Article 427, Paragraph 1 of the Companies Act of Japan, to limit their liability under Article 423, Paragraph 1 of the Companies Act of Japan to the minimum amount of liability as stipulated in Article 425, Paragraph 1 of the Companies Act of Japan. Upon approval of this Item, the aforementioned liability limitation agreements shall be continued to be effective. Note 9: The Company has executed a directors and officers liability insurance (D&O insurance) policy under Article 430(3), Paragraph 1 of the Companies Act of Japan, covering all Directors as the insured, with insurance companies. This insurance policy covers compensation for damages and litigation expenses, etc. borne by the insured due to claims for damage compensation arising from actions (including inaction) carried out by the insured in relation to the execution of their duties. The full amount of the insurance premiums for the insured is borne by the Company. Each of the Directors will be included as the insured under this insurance policy, provided that this Item is approved. The Company is scheduled to renew the insurance policy with the same details during their terms of office. 1. Tatsuo Yasunaga* (Date of Birth: December 13, 1960) 65 years old (Male) Reelection Term of office for Director: Eleven (11) years (at the conclusion of this Ordinary General Meeting of Shareholders) Number of Company's Shares Held: 782,447 Information regarding the Candidate's Career, Current Position, and Current Responsibilities Apr. 1983 Joined Mitsui & Co., Ltd. Apr. 2013 Managing Officer; COO (Chief Operating Officer), Integrated Transportation Systems Business Unit Apr. 2015 President and CEO (Chief Executive Officer) Jun. 2015 Representative Director; President and CEO Apr. 2021 Representative Director; Chair of the Board of Directors (current position) Reasons for Appointment as Director Mr. Yasunaga served as General Manager of Corporate Planning & Strategy Division and COO of Integrated Transportation Systems Business Unit, etc. and then spent six (6) years from April 2015 to March 2021 as President of the Company. During this time, he showed managerial skills and made a significant contribution to the Company's growth. Since his appointment as Chair of the Board of Directors in April 2021, he has focused his efforts on external activities and on supervision of management and contributed to the operation of a highly effective Board of Directors. We have selected him as a candidate for another term as Director so that he may utilize his wide-ranging management experience and deep knowledge of corporate governance to strengthen the Company's governance. His role as Chair of the Board of Directors of the Company chiefly involves carrying out supervision of management. He will not concurrently serve as a managing officer and will not be involved in the execution of day-to-day business operations. Meeting attendance during the fiscal year ended March 31, 2026 Board of Directors meeting Governance Committee meeting 11/11 (100%) 4/4 (100%) 2. Kenichi Hori* (Date of Birth: January 2, 1962) 64 years old (Male) Reelection Term of office for Director: Eight (8) years (at the conclusion of this Ordinary General Meeting of Shareholders) Number of Company's Shares Held: 406,949 Information regarding the Candidate's Career, Current Position, and Current Responsibilities Apr. 1984 Joined Mitsui & Co., Ltd. Apr. 2014 Managing Officer; General Manager, Corporate Planning & Strategy Division and Director, Mitsui & Co. Korea Ltd. Apr. 2016 Managing Officer; COO (Chief Operating Officer), Nutrition & Agriculture Business Unit Apr. 2017 Executive Managing Officer; COO, Nutrition & Agriculture Business Unit Apr. 2018 Executive Managing Officer Jun. 2018 Representative Director; Executive Managing Officer Apr. 2019 Representative Director; Senior Executive Managing Officer Apr. 2021 Representative Director; President and CEO (current position) Reasons for Appointment as Director Mr. Hori has expertise and a track record in the Chemicals area and Innovation & Corporate Development area as well as a personality suitable for the executive management of the Company. He was appointed as Director in June 2018 and CEO from April 2021 to exercise his excellent managerial skills accumulated through his experience in roles including secondment to Novus International Inc., General Manager of Investor Relations Division, General Manager of Corporate Planning & Strategy Division, and COO of Nutrition & Agriculture Business Unit. Since then, he has demonstrated strong leadership in both decision-making and supervision of business execution as CEO and Director. We consider it optimal for him to continue to promote enhancing corporate value amid the drastically changing business environment with a clear vision and strategy for the implementation of the Medium-term Management Plan 2029, and therefore have selected him as a candidate for another term as Director. Meeting attendance during the fiscal year ended March 31, 2026 Board of Directors meeting Governance Committee meeting Nomination Committee meeting 11/11 (100%) 4/4 (100%) 5/5 (100%) 3. Kazumasa Nakai* (Date of Birth: August 29, 1963) 62 years old (Male) Reelection Term of office for Director: Three (3) years (at the conclusion of this Ordinary General Meeting of Shareholders) Number of Company's Shares Held: 150,975 Information regarding the Candidate's Career, Current Position, and Current Responsibilities Apr. 1987 Joined Mitsui & Co., Ltd. Apr. 2019 Managing Officer; COO (Chief Operating Officer), Infrastructure Projects Business Unit Apr. 2022 Executive Managing Officer Jun. 2022 Representative Director; Executive Managing Officer Apr. 2023 Representative Director; Senior Executive Managing Officer Apr. 2024 Director; Senior Executive Managing Officer Jun. 2024 Senior Executive Managing Officer Apr. 2025 Senior Executive Managing Officer; Chief Strategy Officer (CSO) Jun. 2025 Representative Director; Senior Executive Managing Officer; CSO Apr. 2026 Representative Director; Executive Vice President; CSO (current position) Current Responsibilities Corporate Staff Units (Corporate Planning & Strategy Division, Investment Administrative Division, Corporate Communications Division, Corporate Sustainability Division) Reasons for Appointment as Director Mr. Nakai has expertise and track record in the Plants and Infrastructure Projects area as well as a personality suitable for being a part of the Company's management, and was reappointed as Director in June 2025 to exercise his excellent managerial skills accumulated through his experience in roles including General Manager of First Projects Development Division, Operating Officer of Nutrition & Agriculture Business Unit, and COO of Infrastructure Projects Business Unit. Currently, as CSO, he is supervising corporate staff units including Corporate Planning & Strategy Division, Investment Administrative Division, Corporate Communications Division, and Corporate Sustainability Division, and demonstrates outstanding managerial skills based on his advanced expertise in the Company's businesses. We have selected him as a candidate for another term as Director so that he may apply this experience and expertise to the Board of Directors' decision-making and supervision of business execution. Meeting attendance during the fiscal year ended March 31, 2026 (after elected in June 2025) Board of Directors meeting Governance Committee meeting 8/8 (100%) 3/3 (100%) 4. Tetsuya Fukuda* (Date of Birth: June 29, 1968) 57 years old (Male) Reelection Term of office for Director: One (1) year (at the conclusion of this Ordinary General Meeting of Shareholders) Number of Company's Shares Held: 125,807 Information regarding the Candidate's Career, Current Position, and Current Responsibilities Apr. 1991 Joined Mitsui & Co., Ltd. Apr. 2021 Managing Officer; COO (Chief Operating Officer), Mineral & Metal Resources Business Unit Apr. 2023 Executive Managing Officer; COO, Mineral & Metal Resources Business Unit Apr. 2024 Executive Managing Officer Apr. 2025 Senior Executive Managing Officer; CDIO (Chief Digital Information Officer) Jun. 2025 Representative Director; Senior Executive Managing Officer; CDIO (current position) Current Responsibilities Integrated Digital Strategy Division, Mineral & Metal Resources Business Unit, Iron & Steel Products Business Unit, IT & Communication Business Unit, Corporate Development Business Unit Reasons for Appointment as Director Mr. Fukuda has expertise and track record in the Mineral & Metal Resources area, as well as a personality suitable for being a part of the Company's management. He was appointed as Director in June 2025 to exercise his excellent managerial skills accumulated through his experience in roles including General Manager of Coal Division and COO of Mineral & Metal Resources Business Unit. Currently, as CDIO, he leads the Company's digital transformation while supervising Integrated Digital Strategy Division, Mineral & Metal Resources Business Unit, Iron & Steel Products Business Unit, IT & Communication Business Unit, and Corporate Development Business Unit, and demonstrates outstanding managerial skills based on his advanced expertise in the Company's businesses. We have selected him as a candidate for another term as Director so that he may apply this experience and expertise to the Board of Directors' decision-making and supervision of business execution. Meeting attendance during the fiscal year ended March 31, 2026 (after elected in June 2025) Board of Directors meeting 8/8 (100%) 5. Makoto Tanaka* (Date of Birth: October 12, 1967) 58 years old (Male) New Number of Company's Shares Held: 22,287 (In addition to the above, 86,800 shares delivered on April 30, 2026 based on the tenure-linked Restricted Stock Units) Information regarding the Candidate's Career, Current Position, and Current Responsibilities Apr. 1991 Joined Mitsui & Co., Ltd. Apr. 2022 Managing Officer; General Manager, Finance Division Apr. 2025 Executive Managing Officer; General Manager, Finance Division Apr. 2026 Executive Managing Officer; CFO (Chief Financial Officer) (current position) Current Responsibilities Corporate Staff Units (CFO Planning & Administrative Division, Global Controller Division, Finance Division, Risk Management Division, Investor Relations Division, Financial Management & Advisory Division I/II/III/IV) Reasons for Appointment as Director Mr. Tanaka has expertise and track record across the areas of finance and accounting, as well as a personality suitable for being a part of the Company's management. He has built excellent managerial skills through his experience in Finance Division and Investor Relations division, as well as in roles including CFO of EMEA (Europe, the Middle East, and Africa) Business Unit. In addition, as General Manager of Finance Division, he played a highly crucial role in overseeing the Company's financial strategy and leading its successful implementation. Based on these achievements and capabilities, we have nominated him as a candidate for Director. Going forward, as CFO, we believe that he will be able to contribute to the improvement of the quality of our business portfolio and achievement of sustainable corporate growth by supervising finance and accounting related Corporate Staff Units, leading our management efforts based on his advanced expertise in the Company's businesses, and applying this experience and expertise to the Board of Directors' decision-making. 6. Masaya Inamuro* (Date of Birth: February 14, 1969) 57 years old (Male) New Number of Company's Shares Held: 88,312 (In addition to the above, 86,800 shares delivered on April 30, 2026 based on the tenure-linked Restricted Stock Units) Information regarding the Candidate's Career, Current Position, and Current Responsibilities Apr. 1991 Joined Mitsui & Co., Ltd. Apr. 2022 Managing Officer; General Manager, Corporate Planning & Strategy Division and Director, Mitsui & Co. Korea Ltd. Apr. 2024 Managing Officer; COO (Chief Operating Officer), Mineral & Metal Resources Business Unit Apr. 2025 Executive Managing Officer; COO, Mineral & Metal Resources Business Unit Apr. 2026 Executive Managing Officer; CHRO (Chief Human Resources Officer); CCO (Chief Compliance Officer) (current position) Current Responsibilities Corporate Staff Units (Human Resources & General Affairs Division I/II, Logistics Strategy Division); Business Continuity Plan Management; Japan Bloc; Europe Bloc; Middle East and Africa Bloc; CIS Bloc Reasons for Appointment as Director Mr. Inamuro has expertise and track record in the Mineral & Metal Resources area as well as a personality suitable for being a part of the Company's management. He has built excellent managerial skills through his experience on secondment to the World Bank, and in roles including DOO of Mineral & Metal Resources Division of the Americas Business Unit, General Manager of Investor Relations Division, and General Manager of Corporate Planning & Strategy Division. In addition, as COO of the Mineral & Metal Resources Business Unit, he was spearheading global business strategies and demonstrating his knowledge and execution capabilities. For these reasons, we have nominated him as a candidate for Director. Going forward, as CHRO and CCO, we believe that he will be able to contribute to further strengthening our management capabilities and achieving sustainable corporate growth by supervising Corporate Staff Units including Human Resources & General Affairs Division I/II and Logistics Strategy Division as well as Japan Bloc and Regional Blocs (Europe Bloc, Middle East and Africa Bloc, and CIS Bloc), leading our management efforts based on his advanced expertise in the Company's businesses, and applying this experience and expertise to the Board of Directors' decision-making. 7. Samuel Walsh (Date of Birth: December 27, 1949) 76 years old (Male) Reelection Term of office for Director: Nine (9) years (at the conclusion of this Ordinary General Meeting of Shareholders) Number of Company's Shares Held: 30,325 External Independent Information regarding the Candidate's Career, Current Position, and Current Responsibilities Feb. 1972 Joined General Motors-Holden's Limited Jun. 1987 Joined Nissan Motor Australia Sep. 1991 Joined Rio Tinto Limited Dec. 2008 Non-Executive Director, Seven West Media Limited Jan. 2013 CEO, Rio Tinto Limited (retired in July 2016) Jun. 2017 External Director, Mitsui & Co., Ltd. (current position) Jan. 2019 Chair of the Board, Gold Corporation (Australia) the Perth Mint (retired in October 2025) Reasons for Appointment as External Director and the Role Expected Mr. Walsh has a global perspective and excellent management skills cultivated through his long years working in upper management within the automobile industry and as chief executive officer of an international natural resources company. At the Board of Directors meetings, he makes proposals and suggestions from a broad-minded standpoint based on his abundant business management experience, and makes significant contributions to active discussions at the meetings of the Board of Directors, and to improving the effectiveness of said meetings. In the fiscal year ended March 31, 2026, he served as a member of the Governance Committee, actively providing his constructive opinions with the aim of creating a more highly effective governance system. He has diverse perspectives based on global corporate management experience and expertise and knowledge related to capital policy and business investment. We have selected him as a candidate for another term as External Director so that he may continue to advise and supervise the Company's management. Important Concurrent Positions Held in Other Organizations None Matters, Etc. Related to the Independence Mr. Walsh meets the standards set by the Company for Criteria of Independence for External Members and the Company has submitted filings with the domestic stock exchanges on which it is listed designating Mr. Walsh as Independent Director. Meeting attendance during the fiscal year ended March 31, 2026 Board of Directors meeting Governance Committee meeting 11/11 (100%) 4/4 (100%) 8. Takeshi Uchiyamada (Date of Birth: August 17, 1946) 79 years old (Male) Reelection Term of office for Director: Seven (7) years (at the conclusion of this Ordinary General Meeting of Shareholders) Number of Company's Shares Held: 40,340 External Independent Information regarding the Candidate's Career, Current Position, and Current Responsibilities Apr. 1969 Joined Toyota Motor Co., Ltd. (currently Toyota Motor Corporation) Jun. 1998 Member of the Board of Directors, Toyota Motor Corporation Jun. 2001 Managing Director, Toyota Motor Corporation Jun. 2003 Senior Managing Director, Toyota Motor Corporation Jun. 2005 Executive Vice President, Toyota Motor Corporation Jun. 2012 Vice Chairman of the Board of Directors, Toyota Motor Corporation Jun. 2013 Chairman of the Board of Directors, Toyota Motor Corporation Jun. 2019 External Director, Mitsui & Co., Ltd. (current position) Apr. 2023 Member of the Board of Directors, Executive Fellow, Toyota Motor Corporation (retired from Member of the Board of Directors in June 2023; retired from Executive Fellow in June 2025) Jun. 2023 Representative Director, Toyota Konpon Research Institute Inc. (retired in June 2025) Reasons for Appointment as External Director and the Role Expected Mr. Uchiyamada has long been involved in research and development on environmental and safety technologies at Toyota Motor Corporation that could realize a mobility society responding to the needs of the times, as well as in the development of products demanded by consumers, and exercised his excellent managerial skills as an executive officer of Toyota Motor Corporation. At the Board of Directors meetings, he makes proposals and suggestions from a broad-minded standpoint based on his management experience at a global company and his in-depth knowledge of society in general and makes significant contributions to active discussions at the meetings of the Board of Directors, and to improving the effectiveness of said meetings. In the fiscal year ended March 31, 2026, as the chair of the Nomination Committee, he exercised his strong leadership in enhancing the transparency and effectiveness of the procedures for the appointment of executives including CEO. In view of these points, we have selected him as a candidate for another term as External Director so that he may continue to advise and supervise the Company's management. Important Concurrent Positions Held in Other Organizations Senior Advisor, Toyota Motor Corporation (from June 2025) Matters, Etc. Related to the Independence Mr. Uchiyamada meets the standards set by the Company for Criteria of Independence for External Members and the Company has submitted filings with the domestic stock exchanges on which it is listed designating Mr. Uchiyamada as Independent Director. The Company has taken into consideration the following fact in regarding him as independent. - The Company and its consolidated subsidiaries sell mainly raw materials necessary for automobile production to Toyota Motor Corporation, where Mr. Uchiyamada served as Director until June 2023; however, the yearly amount of sales in each of the last three (3) fiscal years is less than 1% of the annual consolidated transaction volume of the Company. In addition, the Company and its consolidated subsidiaries purchase automobiles and automobile components from Toyota Motor Corporation, but the yearly amount paid in each of the last three (3) fiscal years is less than 1% of the annual consolidated transaction volume of Toyota Motor Corporation. Meeting attendance during the fiscal year ended March 31, 2026 Board of Directors meeting Nomination Committee meeting 11/11 (100%) 5/5 (100%) 9. Masako Egawa (Date of Birth: September 7, 1956) 69 years old (Female) Reelection Term of office for Director: Six (6) years (at the conclusion of this Ordinary General Meeting of Shareholders) Number of Company's Shares Held: 20,248 External Independent Information regarding the Candidate's Career, Current Position, and Current Responsibilities Apr. 1980 Joined Tokyo Branch, Citibank, N.A. Sep. 1986 Joined New York Headquarters, Salomon Brothers Inc. Jun. 1988 Joined Tokyo Branch, Salomon Brothers Asia Securities (currently Citigroup Global Markets Japan Inc.) Dec. 1993 Joined Tokyo Branch, S.G. Warburg (currently UBS Securities Japan Co. Ltd.) Nov. 2001 Executive Director, Japan Research Center, Harvard Business School Apr. 2009 Executive Vice President, The University of Tokyo Sep. 2015 Professor, Graduate School of Commerce (currently Graduate School of Business Administration), Hitotsubashi University Apr. 2020 Specially Appointed Professor, Graduate School of Business Administration, Hitotsubashi University Jun. 2020 External Director, Mitsui & Co., Ltd. (current position) Reasons for Appointment as External Director and the Role Expected Ms. Egawa has deep insight in finance and corporate management gained through her experience of management as a director of The University of Tokyo and the chancellor of School Juridical Person Seikei Gakuen, her many years of experience working at global financial institutions, and her research on management of Japanese companies and corporate governance. Through serving as a member of advisory councils and committees of government ministries and agencies, including the Ministry of Finance and the Ministry of Economy, Trade and Industry(METI), she has also made broad contributions to the public interest. In the fiscal year ended March 31, 2026, she served as a member of the Governance Committee, actively expressing her constructive views with the aim of creating a more highly effective governance system. In addition, as the chair of the Remuneration Committee, she deepened the discussions related to executive remuneration. In view of these points, we have selected her as a candidate for another term as External Director so that she may continue to advise and supervise the Company's management. Important Concurrent Positions Held in Other Organizations Chancellor, School Juridical Person Seikei Gakuen (from April 2022) External Director, Mitsubishi Electric Corporation (from June 2023) Matters, Etc. Related to the Independence Ms. Egawa meets the standards set by the Company for Criteria of Independence for External Members and the Company has submitted filings with the domestic stock exchanges on which it is listed designating Ms. Egawa as Independent Director. Meeting attendance during the fiscal year ended March 31, 2026 Board of Directors meeting Governance Committee meeting Remuneration Committee meeting 11/11 (100%) 4/4 (100%) 4/4 (100%) 10. Fujiyo Ishiguro (Date of Birth: February 1, 1958) 68 years old (Female) Reelection Term of office for Director: Three (3) years (at the conclusion of this Ordinary General Meeting of Shareholders) Number of Company's Shares Held: 4,541 External Independent Information regarding the Candidate's Career, Current Position, and Current Responsibilities Jan. 1981 Joined BROTHER INDUSTRIES, LTD. Jan. 1988 Joined Swarovski Japan Ltd. Sep. 1994 President, Alphametrics, Inc. Jan. 1999 Director, Netyear Group, Inc. Jul. 1999 Director, Netyear Group Corporation May 2000 President & CEO, Netyear Group Corporation Jun. 2014 External Director, Monex Group, Inc. (retired in June 2024) Jun. 2021 Director, Chief Evangelist, Netyear Group Corporation (retired in June 2024) Jun. 2023 External Director, Mitsui & Co., Ltd. (current position) Sep. 2024 Chair of Japan, World Economic Forum (retired in June 2025) Jul. 2025 Chair of Japan, World Economic Forum (without representation) Reasons for Appointment as External Director and the Role Expected In addition to advanced knowledge of corporate management and the IT/DX area gained through her many years of experience as an IT entrepreneur, Ms. Ishiguro has also developed profound insights into corporate management through her experience as an external director of listed companies. She has also made extensive contributions to the public interest, including serving as a committee member of the Industrial Structure Council of Ministry of Economy, Trade and Industry. In the fiscal year ended March 31, 2026, she served as a member of the Nomination Committee, and by applying her extensive knowledge of corporate management, she contributed to the discussions from diverse perspectives with the aim of enhancing the transparency and effectiveness of the procedures for the appointment of executives including CEO. In view of these points, we have selected her as a candidate for another term as External Director so that she may continue to advise and supervise the Company's management. Important Concurrent Positions Held in Other Organizations Director of the Board (External), SEGA SAMMY HOLDINGS INC. (from June 2021) Matters, Etc. Related to the Independence Ms. Ishiguro meets the standards set by the Company for Criteria of Independence for External Members and the Company has submitted filings with the domestic stock exchanges on which it is listed designating Ms. Ishiguro as Independent Director. Furthermore, as a member company of the World Economic Forum, where Ms. Ishiguro served as Representative of Japan until June 2025, the Company pays the prescribed annual membership fees and conference participation fees to the World Economic Forum. Meeting attendance during the fiscal year ended March 31, 2026 Board of Directors meeting Nomination Committee meeting 11/11 (100%) 5/5 (100%) 11. Sarah L. Casanova (Date of Birth: April 6, 1965) 61 years old (Female) Reelection Term of office for Director: Three (3) years (at the conclusion of this Ordinary General Meeting of Shareholders) Number of Company's Shares Held: 0 External Independent Information regarding the Candidate's Career, Current Position, and Current Responsibilities Jan. 1991 Joined McDonald's Canada Oct. 2004 Vice President, Marketing, McDonald's Company (Japan), Ltd. Apr. 2007 Senior Vice President, Business Development, McDonald's Company (Japan), Ltd. Jul. 2009 Managing Director, McDonald's Malaysia May 2012 Managing Director, McDonald's Malaysia Regional Manager, McDonald's Singapore and Malaysia Aug. 2013 Representative Director, President and CEO, McDonald's Company (Japan), Ltd. Mar. 2014 Representative Director, President and CEO, McDonald's Holdings Company (Japan), Ltd. Mar. 2019 Representative Director, Chairperson, McDonald's Company (Japan), Ltd. (retired in March 2024) Mar. 2021 Representative Director, Chairperson, McDonald's Holdings Company (Japan), Ltd. (retired in March 2024) Jun. 2023 External Director, Mitsui & Co., Ltd. (current position) Reasons for Appointment as External Director and the Role Expected Ms. Casanova amassed extensive knowledge of the international consumer business through her experience working for McDonald's in North America, the CIS, and Southeast Asia. She served as Chief Executive Officer of McDonald's Company (Japan) from 2013 to 2019 and demonstrated her excellent management acumen by pursuing growth strategies that have yielded a dramatic improvement in the company's performance. In the fiscal year ended March 31, 2026, she served as a member of the Governance Committee, actively providing her constructive opinions with the aim of creating a more highly effective governance system. We have selected her as a candidate for another term as External Director with the expectation that she will continue to advise and supervise the Company's management from diverse perspectives, based on her profound knowledge of the international consumer business and her management experience in a global business corporation. Important Concurrent Positions Held in Other Organizations External Director, Kao Corporation (from March 2025) External Director, Yamaha Motor Co., Ltd. (from March 2025) External Director, Yonex Co., Ltd. (scheduled to assume office as of June 24, 2026) Matters, Etc. Related to the Independence Ms. Casanova meets the standards set by the Company for Criteria of Independence for External Members and the Company has submitted filings with the domestic stock exchanges on which it is listed designating Ms. Casanova as Independent Director. The Company has taken into consideration the following facts in regarding her as independent. - The Company and its consolidated subsidiaries are engaged in the procurement and supply of food products, packaging materials, and related items, as well as logistics services, as commissioned by McDonald's Company (Japan), Ltd., where she served as Director until March 2024, but the yearly amount of sales in each of the last three (3) fiscal years is less than 1% of the annual consolidated transaction volume of the Company. Meeting attendance during the fiscal year ended March 31, 2026 Board of Directors meeting Governance Committee meeting 11/11 (100%) 4/4 (100%) 12. Jessica Tan Soon Neo (Date of Birth: May 28, 1966) 60 years old (Female) Reelection Term of office for Director: Three (3) years (at the conclusion of this Ordinary General Meeting of Shareholders) Number of Company's Shares Held: 1,200 External Independent Information regarding the Candidate's Career, Current Position, and Current Responsibilities Jun. 1989 Joined IBM Singapore Oct. 2002 Director, Networking Services Asia Pacific, IBM Global Services Oct. 2003 General Manager, Enterprise and Partner Group, Microsoft Operations Asia Pacific and Greater China Regions May 2006 Member of Parliament in Singapore for the East Coast Group Representation Constituency Jul. 2008 Managing Director, Microsoft Singapore Jul. 2011 General Manager, Enterprise & Partner Group, Microsoft Asia Pacific Jul. 2013 Managing Director, Microsoft Singapore Apr. 2017 Non-Executive Independent Board Director, SATS Ltd. (retired in December 2025) May 2017 Non-Executive Independent Board Director, Capital and Commercial Trust Management Limited Jun. 2017 Director, Group Commercial, Raffles Medical Group Ltd. Aug. 2020 Deputy Speaker of the Parliament of Singapore (retired in September 2025) Jun. 2023 External Director, Mitsui & Co., Ltd. (current position) Reasons for Appointment as External Director and the Role Expected In addition to knowledge of the IT/DX area gained through her experience working for IBM and Microsoft, Ms. Tan has also developed profound knowledge of corporate management through her role as an External Director of listed companies in Singapore. In parallel with her business career, she was elected as a Member of Parliament of Singapore in 2006 and served as the Deputy Speaker of the Parliament of Singapore, making a wide range of contributions to the public interest. In the fiscal year ended March 31, 2026, she served as a member of the Remuneration Committee, and contributed to deepen the discussions related to executive remuneration. In view of these points, we have selected her as a candidate for another term as External Director so that she may continue to advise and supervise the Company's management. Important Concurrent Positions Held in Other Organizations Non-Executive Lead Independent Director, CapitaLand India Trust Management Pte. Ltd. (from November 2020) Member of Parliament in Singapore (from May 2006) Matters, Etc. Related to the Independence Ms. Tan meets the standards set by the Company for Criteria of Independence for External Members and the Company has submitted filings with the domestic stock exchanges on which it is listed designating Ms. Tan as Independent Director. Meeting attendance during the fiscal year ended March 31, 2026 Board of Directors meeting Remuneration Committee meeting 10/11 (91%) 3/4 (75%) Note 1: Toyota Motor Corporation, where Mr. Uchiyamada served as a Member of the Board of Directors from June 1998 to June 2023, received administrative sanctions from the Ministry of Land, Infrastructure, Transport and Tourism under the Road Transport Vehicle Act in July 2024 for violating the provisions of the Order of the Ministry of Land, Infrastructure, Transport and Tourism based on said Act in connection with applications for type approval of automobiles and automotive equipment. Although Mr. Uchiyamada was not aware of these facts in advance, he consistently made proposals at Toyota Motor Corporation's Board of Directors and other meetings to strengthen governance and ensure compliance with laws and regulations from a multifaceted perspective. After becoming aware of these facts, he fulfilled his duties by proposing root cause analysis and measures to prevent recurrence, as well as monitoring the progress of these initiatives. Note 2: Tokio Marine & Nichido Fire Insurance Co., Ltd. (hereinafter referred to as "Tokio Marine & Nichido"), a subsidiary of Tokio Marine Holdings, Inc. where Ms. Egawa served as an External Director from June 2015 to June 2023, received a business improvement order from the Financial Services Agency under the Insurance Business Act in December 2023, and a cease-and-desist order and a surcharge payment order from the Fair Trade Commission under the Antimonopoly Act in October 2024, regarding premium-fixing practices with other companies. Additionally, Tokio Marine & Nichido received a business improvement order from the Financial Services Agency under the Insurance Business Act in March 2025 due to an information leak incident involving the company. Although Ms. Egawa was not aware of these facts in advance, which only became known after her resignation, she fulfilled her duties by consistently making proposals at Tokio Marine Holdings, Inc.'s Board of Directors and other meetings to strengthen group governance and internal controls and ensure compliance with laws and regulations from a multifaceted perspective, and by voicing the need for thorough investigations, root cause analysis, and measures to prevent recurrence from the standpoint of group management. Note 3: Sompo Japan Insurance Inc., where Ms. Ishiguro served as an External Audit & Supervisory Board Member and External Director from June 2013 to June 2022, received business improvement orders from the Financial Services Agency under the Insurance Business Act in December 2023 regarding premium-fixing practices with other companies, and in December 2023 and January 2024 regarding inappropriate handling of fraudulent automobile insurance claims by used car dealers. It also received a cease-and-desist order and a surcharge payment order from the Fair Trade Commission under the Antimonopoly Act in October 2024 regarding premium-fixing practices with other companies. Although Ms. Ishiguro was not aware of these facts in advance, she consistently made proposals at Sompo Japan Insurance Inc.'s Board of Directors and other meetings to strengthen governance and ensure compliance with laws and regulations from a multifaceted perspective. After becoming aware of these facts, she fulfilled her duties by proposing root cause analysis and measures to prevent recurrence, as well as monitoring the progress of these initiatives. Item 3: Election of Two (2) Audit & Supervisory Board Members As of the conclusion of the Meeting, the Audit & Supervisory Board Member Kimiro Shiotani will retire, and the term of office of Yuko Tamai will expire. Accordingly, the Company proposes to newly elect one (1) Audit & Supervisory Board Member and reelect Ms. Tamai as Audit & Supervisory Board Member. The candidates for Audit & Supervisory Board Member are as follows. This nomination has been consented to by the Audit & Supervisory Board. 1. Tetsuya Shigeta (Date of Birth: October 31, 1963) 62 years old (Male) New Information regarding the Candidate's Career and Current Position Apr. 1987 Joined Mitsui & Co., Ltd. Apr. 2019 Managing Officer; General Manager, Global Controller Division Apr. 2022 Executive Managing Officer; CFO (Chief Financial Officer) Jun. 2022 Representative Director; Executive Managing Officer; CFO Apr. 2023 Representative Director; Senior Executive Managing Officer; CFO Apr. 2025 Representative Director; Executive Vice President; CFO Number of Company's Shares Held: 163,769 Apr. 2026 Director Reasons for Appointment as Audit & Supervisory Board Member Mr. Shigeta has expertise and a track record across the areas of finance and accounting as well as a personality suitable for being a part of the Company' s management. Since he was appointed Director in June 2022, he had been supervising finance-related Corporate Staff Units as CFO, showing outstanding managerial skills based on his advanced expertise in the Company's businesses. We have selected him as a candidate as Audit & Supervisory Board Member so that he may perform his duties appropriately with these experience and expertise, and deep understanding of our business. 2. Yuko Tamai (Date of Birth: November 28, 1965) 60 years old (Female) Reelection Term of office for Audit & Supervisory Board Member: Four (4) years (at the conclusion of this Ordinary General Meeting of Shareholders) Number of Company's Shares Held: 0 External Independent Information regarding the Candidate's Career and Current Position Apr. 1994 Joined Nagashima & Ohno (currently Nagashima Ohno & Tsunematsu) Sep. 2000 Worked at Covington & Burling LLP, Washington, D.C. Nov. 2018 Member of the Fair M&A Study Group at the Ministry of Economy, Trade and Industry (METI) Apr. 2019 Commissioner (part-time) of Certified Public Accountants and Auditing Oversight Board Jun. 2022 External Audit & Supervisory Board Member, Mitsui & Co., Ltd. (current position) Reasons for Appointment as External Audit & Supervisory Board Member Ms. Tamai possesses advanced insight into various types of corporate transactions, corporate governance and risk management cultivated through her many years of experience in legal affairs as a lawyer. Since joining the Audit & Supervisory Board in June 2022, she has contributed significantly to the improvement of supervisory functions of both Audit & Supervisory Board and Board of Directors by offering valuable insights based on her expertise and from a neutral and objective perspective during meetings. Furthermore, since taking office as Audit & Supervisory Board Member, she has served as a member of the Governance Committee and has actively provided constructive opinions aimed at creating a more highly effective governance system. In view of these points, we have selected her as a candidate for another term as External Audit & Supervisory Board Member so that she may continue to audit and supervise the Company's management. Although she has not been involved in the management of the company in any capacity other than as an External Director or an External Audit & Supervisory Board Member, for the reasons stated above, the Company has determined that she will be able to appropriately perform her duties as an External Audit & Supervisory Board Member. Important Concurrent Positions Held in Other Organizations Attorney at Law Partner, Nagashima Ohno & Tsunematsu (from January 2003) Sekisui House, Ltd. External Audit & Supervisory Board Member (from April 2025) Matters, Etc. Related to the Independence Ms. Tamai meets the standards set by the Company for Criteria of Independence for External Members and the Company has submitted filings with the domestic stock exchanges on which it is listed designating Ms. Tamai as Independent Director. The Company has taken into consideration the following fact in regarding her as independent. - The yearly transaction amount that the Company has paid to Nagashima Ohno & Tsunematsu, Ms. Tamai's law office, in each of the last three (3) years is less than 1% of the annual sales of this law office. Meeting attendance during the fiscal year ended March 31, 2026 Audit & Supervisory Board Board of Directors meeting Governance Committee meeting 19/19 (100%) 11/11 (100%) 4/4 (100%) Note 1: There is no special interest between each of the candidates for Audit & Supervisory Board Member and the Company. Note 2: Upon approval of this Item, the Company will enter into an agreement with each of the candidates for Audit & Supervisory Board Member to limit their liabilities stipulated in Article 423, Paragraph 1 of the Companies Act of Japan, pursuant to Article 427, Paragraph 1 of the same Act, to limit their liability to the minimum amount of liability as stipulated in Article 425, Paragraph 1 of the Companies Act of Japan. Note 3: The Company has executed a directors and officers liability insurance (D&O insurance) policy under Article 430(3), Paragraph 1 of the Companies Act of Japan, covering all Audit & Supervisory Board Members as the insured, with insurance companies. This insurance policy covers compensation for damages and litigation expenses, etc. borne by the insured due to claims for damage compensation arising from actions (including inaction) carried out by the insured in relation to the execution of their duties. The full amount of the insurance premiums for the insured is borne by the Company. Each of the candidates for Audit & Supervisory Board Member will be included as the insured under this insurance policy, provided that this Item is approved. The Company is scheduled to renew the insurance policy with the same details during their terms of office. (Reference) Skill Matrix for Board Members In the table below, ○ indicates an area in which the Director or Audit & Supervisory Board Member mainly possesses expertise and experience, and ◎ indicates an area in which the Director or Audit & Supervisory Board Member is expected to provide a particularly high level of contribution. Proposed Directors and Audit & Supervisory Board Members of the Company following the Ordinary General Meeting of Shareholders to be held on June 17, 2026 Name Tatsuo Yasunaga Kenichi Hori Kazumasa Nakai Tetsuya Fukuda Makoto Tanaka Masaya Inamuro Samuel Walsh Takeshi Uchiyamada Masako Egawa Fujiyo Ishiguro Sarah L. Casanova Jessica Tan Soon Neo Gender Male Male Male Male Male Male Male Male Female Female Female Female Position, etc. Representative Director, Chair of the Board of Directors Representative Director, President Representative Director, Executive Vice President, CSO Representative Director, Senior Executive Managing Officer, CDIO Representative Director, Executive Managing Officer; CFO Representative Director, Executive Managing Officer; CHRO and CCO Director Independent External Director Independent External Director Independent External Director Independent External Director Independent External Director Independent External Committee Member Nomination Governance Governance Governance Governance Nomination Governance Remuneration Nomination Governance Corporate Management ◎ ◎ ○ ○ ○ ○ ◎ ◎ ○ ○ ○ ○ Global Insight ◎ ◎ ◎ ◎ ◎ ◎ ◎ ◎ ◎ ◎ ◎ ◎ Risk Management ○ ◎ ○ ◎ ◎ ○ ○ ○ ◎ ○ Finance and Accounting ○ ○ ◎ ○ ○ Innovation/ DX ○ ◎ ◎ ○ ○ ◎ ◎ Human Resources Strategy ○ ◎ ◎ ◎ ◎ ○ ○ Environment/ Society ◎ ◎ ◎ ○ ○ ◎ ◎ ◎ ○ ○ ○ ○ Hirotatsu Fujiwara Male Full-time Audit & Supervisory Board Member ○ ◎ ○ ◎ ○ Tetsuya Shigeta Male Full-time Audit & Supervisory Board Member ○ ◎ ○ ◎ ○ Yuko Tamai Female Audit & Supervisory Board Member Governance ○ ◎ (Attorney at Law) ◎ Independent External otice o e 1 enera eeting o are ers MITSUI & CO.,LTD. Note: This document has been translated from Japanese original for reference purpose only, withou† any warranty as †o its accuracy or as to †he completeness of the information. The Japanese original version is the sole official version. 360°business innovation. MITSUI & CO. Dear Shareholders, Thank you for your ongoing support to Mitsui & Co. I hereby present the notice of convocation for the 107th Ordinary General Meeting of Shareholders. The fiscal year ended March 2026, which marked the final year of the Medium-term Management Plan 2026, was a period in which the global business environment underwent significant change triggered by developments in the Middle East and other factors. Amid increasingly wider swings in the operating environment, we continued to strengthen the profitability of each business while ensuring thorough risk management. We have made further progress in strengthening our business portfolio through disciplined investments and the strategic recycling of assets. We were also able to generate robust cash flows and stable earnings and achieved strong results that surpassed the targets in our business plan. Our new Medium-term Management Plan is built around the theme of "Shaping Futures - Trust and Innovation". We will embark on the Plan in an environment that remains highly uncertain. Nevertheless, we will continue to strengthen our fundamental competitiveness through the newly defined Key Strategic Initiatives with a clear focus on the future. We will further develop our downside resilience through rigorous risk management and expand our business portfolio which has strong growth potential. Building on our cross-industry capabilities, we will promote innovation by integrating new technologies and AI with our business foundations. We remain committed to delivering realistic and sustainable solutions sought by our customers, as well as ensuring the long-term, stable supply of a broader range of products and services that meet customer needs. On behalf of Mitsui & Co., I would like to ask for your continued support and encouragement. May 2026 Kenichi Hori Representative Director, President and Chief Executive Officer Mitsui & Co., Ltd. MITSUI & CO., LTD. 2-1, Otemachi 1-chome, Chiyoda-ku, Tokyo Date of issuance: May 29, 2026 Start date of measures for providing information in electronic format: May 16, 2026 To the shareholders of Mitsui & Co., Ltd.: Notice of the 107th Ordinary General Meeting of Shareholders You are hereby notified of the 107th Ordinary General Meeting of Shareholders (the "Meeting") of Mitsui & Co., Ltd. (the "Company", "Mitsui" or "we"), to be held as set forth below. When convening this general meeting of shareholders, the Company takes measures for providing information that constitutes the content of reference documents for the general meeting of shareholders, etc. (items for which measures for providing information in electronic format are to be taken) in electronic format and posts this information as "Notice of the 107th Ordinary General Meeting of Shareholders" on the Company's website. Please access the Company's website by using the internet address shown below to review the information. The Company's website: https://www.mitsui.com/jp/en/ir/information/general/index.html In addition to the Company's website mentioned above, the items for which measures for providing information in electronic format are to be taken are also posted on each of the following websites. Website title and URL Method of access Listed Company Search (TSE) https://www2.jpx.co.jp/tseHpFront/ JJK010010Action.do?Show=Show (in Japanese) Enter "Mitsui & Co." in "Issue name (company name)" or the Company's securities identification code "8031" in "Code", and click "Search". Then, click "Basic information" and select "Documents for public inspection/PR information". Kabunushi Soukai Portal® (Sumitomo Mitsui Trust Bank, Limited) https://www.soukai-portal.net (in Japanese) Scan the QR code® on the enclosed voting card or enter your log in ID and password on the website. (For details, please refer to the "Procedure for Exercising Voting Rights via Internet" on page 7 . You may also exercise your voting rights of the General Meeting of Shareholders in advance by using the voting card or via the Internet. The deadline for exercising your voting rights in advance will be 5:30 p.m. (Japan time) on Tuesday, June 16, 2026 (For details, please refer to the "Guidelines for Exercising Voting Rights in Advance" on pages 6-7). We will livestream the Meeting via the Internet so that our shareholders are able to view the proceedings of the Meeting instead of visiting the venue of the Meeting (For details, please refer to the "Information on Livestream" on pages 9-10). However, viewing the Meeting via the livestream is not recognized as the attendance to the General Meeting of Shareholders under the Companies Act of Japan. Furthermore, shareholders can submit matters of concern via: (1) a questionnaire survey after exercising voting rights via スマート行使® (smart voting); and (2) the livestream webpage. Among the matters received in advance, those of particular concern to shareholders will be answered on the day of the Meeting. Yours sincerely, Kenichi Hori Representative Director, President and Chief Executive Officer Mitsui & Co., Ltd. Date and Time: June 17, 2026 (Wednesday) at 10:00 a.m. (doors open at 9:00 a.m.) Place: 10-4, Toranomon 2-chome, Minato-ku, Tokyo The Okura Tokyo, Heian Room Agenda MATTERS TO BE REPORTED Reports on the Business Report, Consolidated Financial Statements for the 107th Fiscal Year (from April 1, 2025, to March 31, 2026), and the Results of the Audit thereof by the Independent Auditor and the Audit & Supervisory Board. Reports on the Non-Consolidated Financial Statements for the 107th Fiscal Year (from April 1, 2025, to March 31, 2026). PROPOSED RESOLUTIONS Item 1: Distribution of Surplus Item 2: Election of Twelve (12) Directors Item 3: Election of Two (2) Audit & Supervisory Board Members Item 4: Revision of Remuneration Amount for Directors Please refer to the "Reference Materials for the Exercise of Voting Rights" on pages 12-36 for details of the proposed resolutions and related information. Notes regarding the Exercise of Voting Rights Where there is no indication of either "approval" or "disapproval" of the respective proposed resolutions on the voting card, it shall be deemed that each of the Items was approved for the company proposals, and disapproved for the shareholder proposals. Duplication of votes Where votes have been cast several times via the Internet, the vote cast last will be taken as the validly exercised vote. Where votes have been cast both via the Internet and by voting card, the vote that arrives at the Company latest (in terms of days) will be taken as the validly exercised vote. Further, in the event that duplicate votes arrive at the Company on the same day, the vote cast via the Internet will be taken as the validly exercised vote. Note: Shareholders attending the Meeting in person are requested to submit the enclosed voting card at the Meeting reception desk. Moreover, the shareholders may exercise their voting rights at the Meeting by appointing one (1) proxy who is also a shareholder of the Company entitled to voting rights at the Meeting. In case of voting by proxy, please have the proxy present the voting card along with written proof of their right of proxy at the Meeting reception desk. ⯎ Where there are changes in either this Convocation Notice or the items for which measures for providing information in electronic format are to be taken, such information, displaying the matters prior to the change and after the change, will be posted on the aforementioned websites. ⯎ Among the items for which measures for providing information in electronic format are to be taken, the following items are not included in this Convocation Notice or in the paper-based documents delivered to shareholders who have made a request for delivery of such documents, but are posted only on each of the aforementioned websites, based on relevant laws and the Company's Articles of Incorporation. In addition, the Audit & Supervisory Board Members and the Independent Auditor have audited the documents subject to audit, including the following items (However, matters marked Unaudited are excluded). Business Report Current Status of the Company (Principal group business, Principal group offices, Group employees, Principal sources of borrowings, Outline of Financing and Capital Expenditure, Trends in Value of Assets and Operating Results), Matters Related to Directors, Officers and Audit & Supervisory Board Members (Status of Managing Officers, and Status of External Directors and External Audit & Supervisory Board Members), Matters Related to Shares of Mitsui & Co., Ltd., Matters Related to Subscription Rights to Shares, etc., Status of Independent Auditor, Necessary Systems to Ensure Appropriate Operations and Status of Operations of the Systems. Consolidated Financial Statements Consolidated Statements of Changes in Equity, Consolidated Statements of Comprehensive Income [Supplementary Information] (Unaudited), Segment Information [Supplementary Information] (Unaudited), Notes to Consolidated Financial Statements. Non-Consolidated Financial Statements Statements of Changes in Equity, Notes to Non-Consolidated Financial Statements. Reference Equity Securities Held (Unaudited) Note: "Mitsui," "Mitsui & Co." and the "Company" are used to refer to Mitsui & Co., Ltd. (Mitsui Bussan Kabushiki Kaisha). The term the "Group" and the "Mitsui & Co. Group" refers to "business group" as defined in Article 120, Paragraph 2 of the Regulation for Enforcement of the Companies Act of Japan. For shareholders with physical disabilities or impairments Please feel free to ask management staff for assistance with wheelchair support, guidance to seats and restrooms, and other services upon request. In addition, written assistance at the reception desk is available and sign language interpreters are on standby. Support Guidelines for Exercising Voting Rights in Advance Note: Where votes have been cast several times, the last vote received by the Company will be taken as the validly exercised vote. In the event that votes cast via the Internet and by voting card arrive at the Company on the same day, the vote cast via the Internet will be taken as the validly exercised vote. Procedure for Exercising Voting Rights in Writing If voting in writing, please follow the instructions below and mail your completed voting card (enclosed) to arrive by 5:30 p.m. (Japan time) on Tuesday, June 16, 2026. Procedure to fill in the voting card Please circle the response corresponding to your vote for each item. 【Items 2 and 3】 Circle "賛" to approve all the candidates Circle "否" to disapprove all the candidates Circle "賛" and write the candidate number that you disapprove if you disapprove a part of the candidates. 【Items 1 and 4】 Circle "賛" to approve the item Circle "否" to disapprove the item Procedure for Exercising Voting Rights via Internet If voting via the Internet, please follow the instructions below and complete the voting procedure by 5:30 p.m. (Japan time) on Tuesday, June 16, 2026. If you exercise your voting rights via スマート行使® (smart voting), we would appreciate your cooperation in filling out the questionnaire survey. Procedure for exercising voting rights via smartphone, etc. "スマート行使®" Scan the QR code® shown on the voting card. Note: The QR codeⓇis the registered trademark of Denso Wave Incorporated. Tap the "議決権行使へ (exercise voting rights)" button on the home screen of the 株主総会ポータル® (Shareholders' Meeting Portal). The スマート行使®(smart voting) home screen will be displayed. Please cast your vote by following the directions on the screen. Procedure for exercising voting rights via PC, etc. Please access the following URL and enter the login ID and password shown on your voting card. 株主総会ポータル® (Shareholders' Meeting Portal) URL https://www.soukai-portal.net (in Japanese) After logging in, please cast your vote by following the directions on the screen. If you wish to change the content of your votes after having once exercised your voting rights, you will need to enter the voting code/Shareholders Meeting Portal Login ID and password shown on your voting card. Inquires Sumitomo Mitsui Trust Bank, Limited, Stock Transfer Agency Business Planning Department, Web Support 0120-652-031 (Service hours: 9:00 a.m. to 9:00 p.m. (Japan time)) You can also use the website for the exercise of voting rights ( https://www.web54.net (in Japanese)). The electronic voting platform for institutional investors operated by ICJ, Inc. can be used by registering in advance, as an alternative to exercising voting rights via the Internet. Information on Gift Drawing upon Exercising Voting Rights via スマート 行使® (Smart Voting) If you exercise your voting right via スマート行使®(smart voting) through 株主総会ポータ ル®(Shareholders' Meeting Portal) as outlined above or 株主パスポート®(Shareholders' Passport), an application provided by Sumitomo Mitsui Trust Bank, Limited, there is a questionnaire survey distributed via 株主パスポート®(Shareholders' Passport) for you to inform us of matters of concern prior to the Meeting. 3,000 individual shareholders, selected by drawing from among the shareholders who have responded to the questionnaire survey and have registered to 株主パスポート®(Shareholders' Passport)* will receive 3,000 Shareholders' Points, redeemable on 株主パスポート®(Shareholders' Passport). * Please download 株主パスポート®(Shareholders' Passport) app, register as a member and register our shares therein. Considerations regarding the gift drawing and handling of personal information Shareholders residing in Japan who have exercised their voting rights via スマート行使® (smart voting) are eligible for the gift drawing. Regardless of the number of voting rights held, entries will be limited to one for each shareholder who has exercised their voting rights via スマート行使® (smart voting). In lieu of an announcement of the winner, we will award Shareholders' Point to the winners' account of 株主パスポート®(Shareholders' Passport). The Company will utilize the entry information, names and addresses of shareholders, shareholder numbers and whether or not said shareholders have exercised voting rights via スマート行使® (smart voting), which have been provided by shareholders entering into the gift drawing and are necessary for the gift drawing (hereinafter referred to as the "Personal Information from Entering Shareholders"), for the purposes of the drawing, winner notifications and responding to inquiries in addition to compiling statistical information not specific to any individual in order to analyze the effect of the gift drawing (hereinafter referred to as the "Purposes"). The Company will not utilize the Personal Information from Entering Shareholders for any purposes other than the Purposes without the consent of the shareholders. The Personal Information from Entering Shareholders acquired through this gift drawing will not be disclosed to any third parties, except for Sumitomo Mitsui Trust Bank, Limited, which is the administrator of the register of shareholders and contractors (hereinafter collectively referred to as the "Relevant Disclosure Destinations") for the Purposes. By entering the gift drawing, we deem that you consent to providing Personal Information from Entering Shareholders to the Relevant Disclosure Destinations. Information on Livestream The Meeting will be livestreamed online (Japanese only) as follows for viewing at home or elsewhere. Livestream coverage of the Meeting venue will be limited to the area in the vicinity of chair and officer seating out of consideration for the privacy of those shareholders attending the Meeting. In some cases, however, images of shareholders in attendance may unavoidably appear in the live-stream footage. We appreciate your understanding in that regard. 1. Date and time of livestream Wednesday, June 17, 2026, from 10:00 a.m. until the conclusion of the Meeting * The livestream screen will be accessible beginning at around 9:30 a.m. on the day of the Meeting. 2. Accessing the livestream broadcast Upon having located your shareholder number as required for log-in via the shareholder authentication screen (log-in screen), you may gain access to the livestream broadcast by directly entering the URL as shown in 3. below or scanning the QR code® shown on the left using your PC or smartphone, etc. (make sure to keep a record of your shareholder number prior to mailing in your voting card). Shareholder ID: The shareholder number stated on the voting card, documentation related to dividends, or other such documentation (9 digits) Password: Postal code of the registered address listed on the register of shareholders (7 digits excluding hyphen) 3. URL for access to the livestreaming https://www.virtual-sr.jp/users/mbk/login.aspx (in Japanese) 4. Acceptance of We will accept matters of concern from shareholders submitted beforehand (from Friday, matters of May 29, 2026 to Tuesday, June 16, 2026 (5:30 p.m.)) and on the day of the Meeting concern (from 10:00 a.m. until the end of the Q&A session at the Meeting) to the livestream beforehand webpage mentioned in 3. above. Please access the livestream webpage and enter your ID and password. After clicking on the "視聴する(Watch)" button, please write your matters of concern. When writing your matters of concern, please keep it succinct. Of the matters we receive beforehand, we may provide responses for matters of particular concern to shareholders on the day of the Meeting. For matters on which we receive questions on the day of the Meeting that are of particular interest to shareholders, we will make responses available on our website at a later date. In addition, these comments received from shareholders will not be disclosed at the Meeting venue or as part of the livestream. Inquiries Inquiries regarding the method to view the live-stream footage of the Meeting: J-Stream Inc.; Tel: 054-333-9211 Service hours: Wednesday, June 17, 2026 (Day of the Meeting) From 9:30 a.m. until the conclusion of the Meeting (Japan time) Other inquiries including the shareholder ID and password: Sumitomo Mitsui Trust Bank, Limited, Stock Transfer Agency Business Planning Department; Tel: 0120-782-041 Period of availability: From Friday, May 29, 2026 until Wednesday, June 17, 2026 Service hours: 9:00 a.m. to 5:00 p.m. (Japan time) except for weekends and holidays Important considerations pertaining to the livestream of the General Meeting of Shareholders Those viewing the Meeting via the livestream are not deemed to have attended the Meeting pursuant to the Companies Act of Japan and accordingly will not be able to exercise their voting rights on the day of the Meeting. As such, we ask that those viewing the proceedings via the livestream exercise their voting rights using the enclosed voting card or via the Internet, etc. prior to the Meeting. Please be aware that you may encounter issues regarding livestream video and audio due to factors that include the model, performance, etc. of your PC or smartphone, etc. or your Internet connection environment (line connection status, connection speed, etc.). The livestream may have video or sound issues, or be suspended temporarily due to system failure, the communications environment, etc. Furthermore, the Company assumes no responsibility whatsoever for any damage incurred by shareholders due to the communications environment, system failure, etc. The Company is making every effort to ensure the livestream of the Meeting. However, it may be stopped depending on the situation in the event that people are unable to participate due to some unforeseen matter, such as the deterioration of the communications environment, system failure, etc. The recording of sound, video or the publication of the proceedings of the livestream of the Meeting is prohibited as it may infringe on shareholders' portrait rights, etc. The Company limits access for viewing the livestream to shareholders only. It is strictly forbidden to share the shareholder ID and password for viewing the livestream with others. Shareholders are to assume responsibility for payment of telecommunications fees and other such costs incurred with respect to viewing the livestream. Business Results Summary Profit for the Year Attributable to Owners of the Parent / Core Operating Cash Flow In the fiscal year ended March 2026, Profit for the Year Attributable to Owners of the Parent was 834.0 billion yen, a decrease of 66.3 billion yen from the fiscal year ended March 2025. Return on Equity (ROE) was 10.2%, 1.7 points down from the previous fiscal year. Core Operating Cash Flow was 978.9 billion yen, a decrease of 48.6 billion yen. Financial Condition Total assets as of March 31, 2026 were 20,821.5 billion yen, an increase of 4,010.0 billion yen. Net interest-bearing debt (interest-bearing debt less cash and cash equivalents and time deposits) increased by 808.9 billion yen to 4,139.0 billion yen. Meanwhile, shareholder equity increased by 1,221.1 billion yen to 8,767.7 billion yen. As a result, the net debt-to-equity ratio (net DER) was 0.47 times, 0.03 points higher than the previous fiscal year-end. Reference Materials for the Exercise of Voting Rights Proposed Resolutions and Related Information Item 1: Distribution of Surplus Our basic policy regarding the distribution of profits is to directly provide returns to shareholders by paying out dividends based on our highly recurring cash generation capabilities. During the Medium-term Management Plan period (the fiscal year ended March 2024 to the fiscal year ended March 2026), which includes the current fiscal year, we have maintained a progressive dividend policy, aiming to either maintain or increase dividends. Under these policies, taking into consideration Core Operating Cash Flow and profit for the year attributable to owners of the parent in the fiscal year ended March 2026 as well as stability and continuity of the amount of dividend, we propose to pay a full-year dividend of 115 yen per share (including an interim dividend of 55 yen) with a year-end dividend of 60 yen per share. Type of Dividend Payment Cash Matters Relating to the Dividend Payment and the Total Amount Distributed to Shareholders Payment of 60 yen per common stock, for a total amount of 170,857,704,660 yen An interim dividend of 55 yen per share of common stock was paid in December 2025, which would result in a full-year dividend of 115 yen per share of common stock. Date the Distribution of Surplus Will Become Effective June 18, 2026 Note: The year-end dividend per share and full-year dividend per share for the fiscal year ended March 2026 (the current fiscal year), were calculated based on the assumption that this Item will be approved as proposed. Item 2: Election of Twelve (12) Directors The terms of office for all the current twelve (12) Directors will expire at the conclusion of this Meeting. Therefore, the Company proposes to elect twelve (12) Directors. The Board of Directors has determined the following candidates for the Director positions. Each candidate has received confirmation from all members of the Nomination Committee, an advisory body to the Board of Directors, in which External Members comprise a majority, that they all fulfill the necessary requirements based on the selection criteria formulated by the Nomination Committee. Candidate Number Name Age Current Position in the Company Board of Directors meeting attendance (FY March 2026) Term of office for Director Governance Committee Nomination Committee Remuneration Committee Gender 1* Tatsuo Yasunaga 65 Reelection Representative Director, Chair of the Board of Directors 11/11 11 years ◎ Male 2* Kenichi Hori 64 Reelection Representative Director, President 11/11 8 years ○ ○ Male 3* Kazumasa Nakai 62 Reelection Representative Director Executive Vice President 8/8 3 years ○ Male 4* Tetsuya Fukuda 57 Reelection Representative Director, Senior Executive Managing Officer 8/8 1 year Male 5* Makoto Tanaka 58 New Executive Managing Officer --- ○ Male 6* Masaya Inamuro 57 New Executive Managing Officer --- Male 7 Samuel Walsh 76 Reelection External Independent Director 11/11 9 years ○ Male 8 Takeshi Uchiyamada 79 Reelection External Independent Director 11/11 7 years ◎ Male 9 Masako Egawa 69 Reelection External Independent Director 11/11 6 years ○ ◎ Female 10 Fujiyo Ishiguro 68 Reelection External Independent Director 11/11 3 years ○ Female 11 Sarah L. Casanova 61 Reelection External Independent Director 11/11 3 years ○ Female 12 Jessica Tan Soon Neo 60 Reelection External Independent Director 10/11 3 years ○ Female Note 1: Persons marked with an asterisk (*) are to be appointed as Representative Directors by the Board of Directors meeting after the conclusion of this Meeting, provided that this Item is approved. The members of the respective advisory committees are those that will be assigned assuming this Item is approved (◎: committee chair). Note 2: The attribute of "New" indicates a candidate who is not currently serving as Director. Note 3: "Independent" indicates that the candidate meets the independence criteria of the Tokyo Stock Exchange and the Company, and has been registered as an independent director. For information regarding the Appointment Standards for Directors and Audit & Supervisory Board Members and Criteria of Independence for External Directors or External Audit & Supervisory Board Members ("External Members") set by the Company, please refer to pages 62-64 of "Notice of the 107th Ordinary General Meeting of Shareholders" posted on the Company's website. Note 4: Mr. Kazumasa Nakai's years of service as a director include the period from June 2022 to June 2024 during which he served as a director. Note 5: The age of each of the candidates is as of this Meeting. Note 6: The number of the Company's shares held by each person shown on and after page 15 is the figure as of March 31, 2026. Mr. Makoto Tanaka and Mr. Masaya Inamuro were granted the restricted ordinary shares of the Company on April 30, 2026, based on the tenure-linked restricted stock units granted to them during the period in which they were Managing Officers not concurrently serving as Directors. Note 7: There is no special interest between each of the candidates for Director and the Company. Note 8: The Company has entered into agreements with Mr. Samuel Walsh, Mr. Takeshi Uchiyamada, Ms. Masako Egawa, Ms. Fujiyo Ishiguro, Ms. Sarah L. Casanova, and Ms. Jessica Tan Soon Neo pursuant to Article 427, Paragraph 1 of the Companies Act of Japan, to limit their liability under Article 423, Paragraph 1 of the Companies Act of Japan to the minimum amount of liability as stipulated in Article 425, Paragraph 1 of the Companies Act of Japan. Upon approval of this Item, the aforementioned liability limitation agreements shall be continued to be effective. Note 9: The Company has executed a directors and officers liability insurance (D&O insurance) policy under Article 430(3), Paragraph 1 of the Companies Act of Japan, covering all Directors as the insured, with insurance companies. This insurance policy covers compensation for damages and litigation expenses, etc. borne by the insured due to claims for damage compensation arising from actions (including inaction) carried out by the insured in relation to the execution of their duties. The full amount of the insurance premiums for the insured is borne by the Company. Each of the Directors will be included as the insured under this insurance policy, provided that this Item is approved. The Company is scheduled to renew the insurance policy with the same details during their terms of office. 1. Tatsuo Yasunaga* (Date of Birth: December 13, 1960) 65 years old (Male) Reelection Term of office for Director: Eleven (11) years (at the conclusion of this Ordinary General Meeting of Shareholders) Number of Company's Shares Held: 782,447 Information regarding the Candidate's Career, Current Position, and Current Responsibilities Apr. 1983 Joined Mitsui & Co., Ltd. Apr. 2013 Managing Officer; COO (Chief Operating Officer), Integrated Transportation Systems Business Unit Apr. 2015 President and CEO (Chief Executive Officer) Jun. 2015 Representative Director; President and CEO Apr. 2021 Representative Director; Chair of the Board of Directors (current position) Reasons for Appointment as Director Mr. Yasunaga served as General Manager of Corporate Planning & Strategy Division and COO of Integrated Transportation Systems Business Unit, etc. and then spent six (6) years from April 2015 to March 2021 as President of the Company. During this time, he showed managerial skills and made a significant contribution to the Company's growth. Since his appointment as Chair of the Board of Directors in April 2021, he has focused his efforts on external activities and on supervision of management and contributed to the operation of a highly effective Boa...

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