Related Personnel Changes for Executive Officers: 3 person. Name: Toru Matsui. New: Representative Director Senior Executive Managing Officer; Chief Digital Information Officer.

Present: Representative Director Executive Managing Officer. Name: Tetsuya Daikoku. New: Senior Executive Managing Officer.

Present: Executive Managing Officer; Chief Operating Officer of Mobility Business Unit I. Name: Takashi Furutani. New: Executive Managing Officer; Chief Operating Officer of Asia Pacific Business Unit. Present: Executive Managing Officer; Chief Operating Officer of Basic Materials Business Unit.

Retiring Executive Officers: 9 persons. Name: Yoshio Kometani. New: Director (As of April 1, 2023).

Present: Representative Director Executive Vice President; Chief Digital Information Officer. Name: Shinsuke Kitagawa. New: Counselor (As of April 1, 2023).

Present: Senior Executive Managing Officer; President & CEO of Mitsui Global Strategic Studies Institute. Name: Koji Nagatomi. New: Counselor (As of April 1, 2023).

Present: Senior Executive Managing Officer; Chief Operating Officer of Asia Pacific Business Unit; CEO of Mitsui & Co.(Asia Pacific) Pte. Ltd. Name: Hiroshi Meguro. New: Counselor (As of April 1, 2023).

Present: Senior Executive Managing Officer; Chief Regional Representative in CIS; General Director of Mitsui & Co. Moscow LLC. Name: Hirohiko Miyata.

New: Counselor (As of April 1, 2023). Present: Senior Executive Managing Officer; Chief Representative of Europe Bloc; Managing Director of MITSUI & CO. EUROPE PLC.

Name: Masahiro Moriyasu. New: Retiree. Present: Executive Managing Officer; Chief Representative of East Asia Bloc; Chair of MITSUI & CO.

(CHINA) LTD. Name: Kohei Takata. New: Retiree. Present: Executive Managing Officer; Deputy Chief Operating Officer of Asia Pacific Business Unit; Director of Mitsui & Co.(Asia Pacific) Pte.

Ltd. Name: Yumi Yamaguchi. New: Retiree. Present: Managing Officer; Deputy Chief Strategy Officer; Deputy Chief Digital Information Officer.

Name: Tatsuya Okamoto. New: Retiree. Present: Managing Officer; Chief Operating Officer of Mobility Business Unit II.

Change of Representative Director: 1 person. Name: Yoshio Kometani. New: Director.

Present: Representative Director Executive Vice President; Chief Digital Information Officer. Retiring Director: 1 person. .

Name: Yoshio Kometani. New: Counselor. Present: Director (As of April 1, 2023).

Retirement of Director will be effective on the close of the Ordinary General Meeting of Shareholders to be held on June 21, 2023. Retiring Audit & Supervisory Board Member: 1 person. Name: Makoto Suzuki.

Present: Audit & Supervisory Board Member. Retiring of Audit & Supervisory Board Member will be effective on the close of the Ordinary General Meeting of Shareholders to be held on June 21, 2023. Related Personnel Changes: Name: Hideaki Konishi.

New: General Manager of Investor Relations Division. Present: General Manager of Iron Ore Division, Mineral & Metal Resources Business Unit. Name: Naomi Yamashita.

New: Director & President of MITSUI & CO. (SHANGHAI) LTD. Present: General Manager of LNG Business Development Division, Energy Business Unit II. Name: Kazumasa Miyazawa.

New: Chief Regional Representative in CIS Bloc; General Director of Mitsui & Co. Moscow LLC. Present: Deputy General Director of Mitsui & Co.

Moscow LLC. Name: Hidetomo Araki. New: Regional Operating Officer of Chemicals Division, Europe Bloc; Regional Operating Officer of Chemicals Division, Middle East and Africa Bloc; Senior Vice President of MITSUI & CO.

EUROPE PLC. Present: Deputy General Manager of Financial Management & Advisory Division III. Reasons for Appointment/Biography of Candidate for Director (Newly appointed): Tetsuya Daikoku.

Date of birth: June 18, 1962. Education: Graduated from Hitotsubashi University (Faculty of Commerce and Management) in March, 1986. Joined Mitsui: April, 1986.

Career at the Company: April, 1986 Motor Vehicles Europe, Africa and Middle East Division,September, 1990 Mitsui People Union,October, 1992 Second Motor Vehicles Division,August, 1997 Seconded to PT Danamon MITS Otomotif Finance as Director (Jakarta),February, 1999 Seconded to MITSIAM INTERNATIONAL, LIMITED,March, 2002 Second Motor Vehicles Division,December, 2002 Departmental General Manager, Second Motor Vehicles Division,October, 2003 Seconded to Yamaha Motor Co., Ltd. (Shizuoka),June, 2005 Departmental General Manager, Third Motor Vehicles Division,June, 2007 Corporate Planning & Strategy Division; Human Resources & General Affairs Division,October, 2009 Departmental General Manager, Motor Vehicles Business Unit,March, 2012 Seconded to PT Bussan Auto Finance as President Director (Jakarta),July, 2014 General Manager, Third Motor Vehicles Division,August, 2017 Operating Officer, Integrated Transportation Systems Business Unit I,April, 2018 General Manager, Planning & Administrative Division (Machinery & Infrastructure),April, 2019 Managing Officer; COO, Mobility Business Unit I,April, 2022 Executive Managing Officer; COO, Mobility Business Unit I. Mr. Daikoku has outstanding expertise and an excellent track record in the Machinery and Mobility area as well as a personality suitable for being a part of the Company ' s management. He has developed excellent management skills through his experience as COO of Mobility Business Unit I, President Director of PT Bussan Auto Finance (Indonesia) and General Manager of Planning & Administrative Division (Machinery & Infrastructure). Accordingly, he has been chosen as a candidate for Director.

Looking ahead, the company believe he will be able to supervise the execution of business of Energy Solution Business Unit, Infrastructure Projects Business Unit and Mobility Business Unit I & II, and apply his experience and knowledge to decision-making by the Board of Directors. The company also expect that he will contribute to sustainable improvement of corporate value by promoting the creation of mobility systems and infrastructure that support industries.