ORIX : Announcement Regarding Candidates for Member of the Board of Directors and Member Composition of the Three Committees of ORIX Corporation

TOKYO, Japan - May 11, 2026 - ORIX Corporation ("ORIX") announced today that the Nominating Committee has decided on the candidates for Members of the Board of Directors. The nominations are scheduled to be finalized at the 63rd Annual General Meeting of Shareholders of the Company on June 23, 2026.

The Company announced that it decided on the composition of the Nominating, Audit and Compensation Committees in the Board of Directors meeting held today. All members of the Nominating, Audit and Compensation Committees are composed of outside directors. The nominations are scheduled to be finalized at the Board of Directors meeting after the 63rd Annual General Meeting of Shareholders of the Company on June 23, 2026.

Candidates for the 10 Members of the Board of Directors positions (including 6 Outside Directors) are as follows:

Hidetake Takahashi Hiroshi Watanabe (Outside Director)

Satoru Matsuzaki Chikatomo Hodo (Outside Director)

Shuji Irie (newly nominated) Noriyuki Yanagawa (Outside Director) Masataka Yamada (newly nominated) Mami Yunoki (Outside Director)

Miwa Seki (Outside Director)

Akiko Hosokawa (Outside Director, newly nominated)

Details on Candidates for New Member of the Board of Directors

May.2001 Joined Mizuho Securities Co., Ltd. (retired in April 2011) Apr.2011 Joined ORIX Corporation

Deputy Head of Investment Banking Headquarters

Sep.2011 Deputy Head of Investment and Operation Headquarters Jan.2013 Executive Officer

Deputy Head of Investment and Operation Headquarters

Jan.2014 Head of Investment and Operation Headquarters Jan.2016 Managing Executive Officer

Head of Investment and Operation Headquarters

Responsible for Concession Business Development Department Jun.2018 Member of the Board of Directors, Managing Executive Officer

Head of Investment and Operation Headquarters

Jan.2020 Member of the Board of Directors, Senior Managing Executive Officer Head of Investment and Operation Headquarters

Jan.2024 Responsible for Investment and Operation Headquarters Jun.2024 Advisor

Jan.2026 Senior Managing Executive Officer (present position) Responsible for Infrastructure Business Unit

Responsible for Concession Business Development Department

Apr.2026 Chief Operating Officer, Infrastructure Business Unit (present position)

Basis for candidacy for appointment as a Member of the Board of Directors

Mr. Shuji Irie is a candidate for a new Member of the Board of Directors. He has a wealth of experience and advanced knowledge relating to the diversified business activities of the ORIX Group through his business execution experience in the fields of real estate, environment and energy, aircraft and ships, and investment and operation business.

The Nominating Committee has appointed him as a new candidate for Member of the Board of Directors because it has determined he can be expected to fulfil a substantial role, including highly effective supervision of the Company's management given that he possesses extensive understanding of the Company's operations.

Apr.1996 Joined JPMorgan Securities Japan Co., Ltd.

Feb.2015 Head of Japan Investment Banking Division, JPMorgan Securities Japan Co., Ltd. (retired in January 2026)

Feb.2026 Joined ORIX Corporation Senior Adviser

Assistant to CEO

Apr.2026 Senior Managing Executive Officer (present position)

Chief Financial Officer and Chief Strategy Officer (present position) Responsible for Corporate Strategy and Management Unit (present position)

Basis for candidacy for appointment as a Member of the Board of Directors

Mr. Masataka Yamada is a candidate for a new Member of the Board of Directors. He has wide-ranging experience and knowledge in finance and capital policy and corporate growth strategy through his past experience as Head of Japan Investment Banking Division of JPMorgan Securities Japan Co., Ltd. Moreover, at the Company, he has a wealth of experience and advanced knowledge relating to the diversified business activities of the ORIX Group through his service as Chief Financial Officer and Chief Strategy Officer.

The Nominating Committee has appointed him as a new candidate for Member of the Board of Directors because it has determined he can be expected to fulfil a substantial role, including highly effective supervision of the Company's management by utilizing his wealth of knowledge and experience, etc., gained from inside and outside the Company.

Details on Candidates for New Member of the Board of Directors (Outside Director)

Apr.1989 Joined Nippon Life Insurance Company (retired in March 1993) Apr.1997 Attorney at Law, admitted in Japan (Tokyo Bar Association)

Joined Tokyo Aoyama Law Office (currently Baker & McKenzie (Gaikokuho Joint Enterprise))

Aug.2002 Seconded to Baker & McKenzie LLP

Dec.2003 Attorney at Law, admitted in New York (New York State Bar Association)

Jul.2006 Partner of Tokyo Aoyama Aoki Law Office (currently Baker & McKenzie (Gaikokuho Joint Enterprise)) (retired in June 2024)

Jun.2024 Joined Atsumi & Sakai as a partner (present position)

Jun.2025 Member of the Board of Directors (Outside Director), DKK Co., Ltd. (present position)

Basis for candidacy for appointment as a Member of the Board of Directors (Outside Director)

Ms. Akiko Hosokawa is a candidate for a new Member of the Board of Directors (Outside Director). She served as a partner at Tokyo Aoyama Aoki Law Office (currently Baker & McKenzie (Gaikokuho Joint Enterprise)) and at Atsumi & Sakai. She has extensive knowledge as a professional in financial transactions and relevant

financial regulatory laws and regulations.

The Nominating Committee has appointed her as a candidate for a new Member of the Board of Directors (Outside Director) because it has determined she can be expected to fulfil a substantial role, including highly effective supervision of the Company's management by utilizing her wealth of knowledge and experience, etc., from an independent and objective standpoint.

Details on Candidates for Member of the Board of Directors (Outside Director)

Apr.1972 Joined Ministry of Finance

Jan.2003 Director-General, International Bureau, Ministry of Finance

Jul.2004 Vice Minister of Finance for International Affairs, Ministry of Finance (retired in July 2007)

Oct.2007 Special Advisor, Japan Center for International Finance (retired in September 2008)

Apr.2008 Professor, Graduate School of Commerce and Management at Hitotsubashi University (currently Graduate School of Business Administration at Hitotsubashi University) (retired in September 2008)

Oct.2008 Deputy Governor, Japan Finance Corporation (retired in March 2012) Apr.2012 Deputy Governor, Japan Bank for International Cooperation

Dec.2013 Governor, Japan Bank for International Cooperation (retired in June 2016) Oct.2016 President, Institute for International Monetary Affairs (retired in June 2025)

Jun.2020 Member of the Board of Directors (Outside Director), ORIX Corporation (present position)

Apr.2025 Visiting professor, Faculty of Business Administration at Tokyo Seitoku University (present position)

Basis for candidacy for appointment as a Member of the Board of Directors (Outside Director)

Mr. Hiroshi Watanabe is a candidate for Member of the Board of Directors (Outside Director). He served successively in key positions at Ministry of Finance, Japan and Governor of Japan Bank for International Cooperation and served as President of Institute for International Monetary Affairs. He has a wealth of knowledge and experience as a finance and economic expert both in Japan and overseas, as well as wide-ranging experience and knowledge of corporate management.

Currently as Chairperson of the Nominating Committee, he has played a leading role in deliberating on the composition of the Board of Directors and Executive Officers appropriate for the Company's business development, as well as on the succession plan, and actively expressed his opinions and made proposals.

The Nominating Committee has appointed him as a candidate for Member of the Board of Directors (Outside Director) because it has determined he can be expected to continue to fulfil a substantial role, including highly effective supervision of the Company's management by utilizing his wealth of knowledge and experience, etc., from an independent and objective standpoint.

Sep.1982 Joined Arthur Andersen & Co. (currently Accenture Japan Ltd.) Sep.2005 Representative Director, Accenture Japan Ltd.

Apr.2006 Representative Director and President, Accenture Japan Ltd.

Sep.2015 Director and Chairman, Accenture Japan Ltd. (retired in August 2017)

Sep.2017 Director and Senior Corporate Advisor, Accenture Japan Ltd. (retired as a Director in June 2018)

Jul.2018 Senior Corporate Advisor, Accenture Japan Ltd. (retired in August 2021)

Jun.2021 Member of the Board of Directors (Outside Director), ORIX Corporation (present position)

Jun.2023 Member of the Board of Directors (Outside Director), Sumitomo Mitsui Banking Corporation (present position)

Basis for candidacy for appointment as a Member of the Board of Directors (Outside Director)

Mr. Chikatomo Hodo is a candidate for Member of the Board of Directors (Outside Director). He served as a Representative Director and President of Accenture Japan Ltd. He has wide-ranging experience and knowledge in corporate management and digital business.

Currently as Chairperson of the Compensation Committee, he has played a leading role in deliberating on the compensation system and compensation levels for Directors and Executive Officers in order to enhance their function as a medium- and long-term incentives, including considerations of executive compensation linked to performance indicators such as consolidated ROE, and actively expressed his opinions and made proposals. The Nominating Committee has appointed him as a candidate for Member of the Board of Directors (Outside Director) because it has determined he can be expected to continue to fulfil a substantial role, including highly effective supervision of the Company's management by utilizing his wealth of knowledge and experience, etc., from an independent and objective standpoint.

Apr.1993 Specialized Teacher, Faculty of Economics at Keio University

Apr.1996 Assistant Professor, Graduate School of Economics at the University of Tokyo Apr.2007 Associate Professor, Graduate School of Economics at the University of Tokyo

Dec.2011 Professor, Graduate School of Economics at the University of Tokyo (present position)

Jun.2022 Member of the Board of Directors (Outside Director), ORIX Corporation (present position)

Basis for candidacy for appointment as a Member of the Board of Directors (Outside Director)

Mr. Noriyuki Yanagawa is a candidate for Member of the Board of Directors (Outside Director). He currently serves as Professor at the Graduate School of Economics at the University of Tokyo, and he has served on government and institutional advisory councils related to finance and economic affairs in Japan. He specializes in financial contracts, law and economics, and has a wealth of knowledge and experience as a financial economics expert.

He has actively expressed his opinions and made proposals during deliberations at meetings of the Board of Directors and the Nominating Committee, using his expertise in corporate strategy based on deep academic understanding.

The Nominating Committee has appointed him as a candidate for Member of the Board of Directors (Outside Director) because it has determined he can be expected to continue to fulfil a substantial role, including highly effective supervision of the Company's management by utilizing his wealth of knowledge and experience, etc., from an independent and objective standpoint.

May.1985 Joined Aoyama Audit Corporation Mar.1988 Certified as Public Accountant, Japan

Sep.2006 Joined PricewaterhouseCoopers Aarata (currently PricewaterhouseCoopers Japan LLC) Jul.2008 Partner of PricewaterhouseCoopers Aarata (currently PricewaterhouseCoopers Japan

LLC)

Jul.2016 Member of the firm management committee and executive officer in charge of the manufacturing, distribution, and services divisions of PricewaterhouseCoopers Aarata LLC (currently PricewaterhouseCoopers Japan LLC)

Member of the Examination Board on Strengthening of Financial Functions, Financial Services Agency (retired in December 2025)

Sep.2019 Partner of the manufacturing, distribution, and services divisions of PricewaterhouseCoopers Aarata LLC (currently PricewaterhouseCoopers Japan LLC) (retired in June 2023)

Sep.2020 Part-time lecturer at the Graduate School of Hitotsubashi University (present position) Jul.2023 Representative, Mami Yunoki Certified Public Accountant Office (present position)

Mar.2024 Outside Audit & Supervisory Board Member, Chugai Pharmaceutical Co., Ltd. (present position)

Jun.2024 Member of the Board of Directors (Outside Director), Daiwa Securities Group Inc. (present position)

Jun.2025 Member of the Board of Directors (Outside Director), ORIX Corporation (present position)

Basis for candidacy for appointment as a Member of the Board of Directors (Outside Director)

Ms. Mami Yunoki is a candidate for Member of the Board of Directors (Outside Director). She served as a partner at PricewaterhouseCoopers Aarata (currently PricewaterhouseCoopers Japan LLC) and an executive officer in charge of the manufacturing, distribution, and services divisions at PricewaterhouseCoopers Aarata LLC (currently PricewaterhouseCoopers Japan LLC). She has extensive knowledge as a professional in financial accounting and auditing.

She has actively expressed her opinions and made proposals during deliberations at meetings of the Board of Directors and the Audit Committee from diverse perspectives, including accounting and finance.

The Nominating Committee has appointed her as a candidate for Member of the Board of Directors (Outside Director) because it has determined she can be expected to continue to fulfil a substantial role, including highly effective supervision of the Company's management by utilizing her wealth of knowledge and experience, etc., from an independent and objective standpoint.

Apr.1988 Joined DENTSU INC. (retired in March 1989) Apr.1989 Joined Smith Barney (retired in July 1991) Sep.1993 Joined Morgan Stanley (retired in January 1997) Feb.1997 Joined Clay Finlay Limited

Jan.2000 Founder and President, Mei Corporation Y.K. (retired in August 2013) Jan.2003 General Manager, Tokyo Branch, Clay Finlay Limited (retired in August 2007)

Apr.2015 Associate Professor, Faculty of Foreign Studies at Kyorin University (retired in March 2021)

Jun.2020 Member of the Board of Directors (Outside Director), Daiwa House Industry Co., Ltd. (present position)

May.2021 General Partner, MPower Partners Fund L.P. (present position)

Jun.2025 Member of the Board of Directors (Outside Director), ORIX Corporation (present position)