Mitsubishi UFJ Financial : MUFG Announces Details of Share-Based Compensation Plan for Employees

Mitsubishi UFJ Financial Group, Inc. (MUFG)

MUFG Announces Details of Share-Based Compensation

Plan for Employees

Tokyo, May 15, 2024 - MUFG today announced that it has finalized details regarding the shares to be acquired by the ESOP Trust for the Share-Based Compensation Plan[1] (the "Plan"), which it will introduce for employees in management positions who satisfy certain requirements (the "Eligible Employees") at three MUFG subsidiaries (MUFG Bank, Ltd., Mitsubishi UFJ Trust and Banking Corporation, and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.). The details are as follows.

For the content of the Plan, please refer to the announcement dated March 28, 2024, titled "MUFG to Introduce Share-Based Compensation Plan for Employees.[2]"

1. Details about the shares to be acquired by the ESOP Trust

Amount of trust money

Approximately 4.3 billion yen

(including trust fees and trust expenses)

Timing of acquisition of shares From May 17, 2024 to June 14, 2024 (planned) Method of acquisition of shares Acquisition on the stock market

1. The Plan adopts a scheme called an Employee Stock Ownership Plan (the "ESOP Trust").
2. Please refer to the link below for "MUFG to Introduce Share-Based Compensation Plan for Employees." https://www.mufg.jp/dam/pressrelease/2024/pdf/news-20240328-001_en.pdf
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About MUFG

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world's leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,000 locations in more than 40 countries. The Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to "be the world's most trusted financial group" through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG's shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.

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(Reference)

[Outline of the Trust Agreement]

	A money trust other than an individually-operated designated
(i) Trust type	money trust
	(third party benefit trust)

1. Trust purpose
2. Settlor
3. Trustee
4. Beneficiaries
5. Trust administrator
6. Trust agreement date
7. Trust period
8. Start date
9. Exercise of voting rights
10. Type of acquired shares
11. Amount of trust money
12. Timing of acquisition of shares
13. Method of acquisition of shares
14. Holder of vested rights
15. Residual assets

To provide incentives to eligible employees

MUFG

Mitsubishi UFJ Trust and Banking Corporation (Co-trustee: The Master Trust Bank of Japan, Ltd.)

Eligible employees satisfying the beneficiary requirements

A third party that does not have any interest in the Covered Companies (certified public accountant)

May 16, 2024 (planned)

From May 16, 2024 (planned) to August 31, 2027 (planned)

July 1, 2024 (planned)

No exercise

Ordinary shares of MUFG

Approximately 4.3 billion yen

(including trust fees and trust expenses)

From May 17, 2024 to June 14, 2024 (planned)

Acquisition on the stock market

MUFG

Residual assets that can be received by MUFG, as the holder of the vested rights, shall be within the limit of the trust expense reserve calculated by deducting the cost for acquiring the shares from the Trust from the trust money.

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