At the meeting of the Board of Directors held on May 10, 2024, Mazda Motor Corporation resolved to distribute dividends from surplus with
a record date of March 31, 2024 as follows. This resolution is to be proposed at the 158th Ordinary General Meeting of Shareholders to be
held on June, 2024. Mazda's policy regarding the stock dividend is to determine the amount of dividend payments, taking into account current fiscal year's financial results, business environment, and financial condition, etc. Based on the consolidated financial results for the fiscal year ended
March 31, 2024, which the company announced, the company have decided to pay a year-end special dividend of ¥5 per share.