The Board of Directors of Komatsu Ltd. made a resolution concerning the change of representative directors' positions as follows in the Board meeting held on February 17, 2023. Kiyoshi Mizuhara appointed as Director from Representative Director and Senior Executive Officer, with effect from April 1, 2023. Hiroyuki Ogawa, currently President and Chief Executive Officer, Representative Director, and Masayuki Moriyama, currently Representative Director and Senior Executive Officer, will continue to serve in the same position.

As a result, Hiroyuki Ogawa and Masayuki Moriyama will serve as Komatsu's representative directors. With the completion of his term after the Ordinary General Meeting of Shareholders planned to be held in June 2023, Kiyoshi Mizuhara is scheduled to retire from the Board of Directors and assume the position of Advisor.