Mitsubishi Logisnext : NOTICE OF THE 122ND ANNUAL GENERAL MEETING OF SHAREHOLDERS

Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

(Stock Exchange Code 7105)

June 8, 2023

To Shareholders with Voting Rights:

Yuichi Mano

Director and President

Mitsubishi Logisnext Co., Ltd.

2-1-1,Higashi-kotari,

Nagaokakyo City, Kyoto

NOTICE OF

THE 122ND ANNUAL GENERAL MEETING OF SHAREHOLDERS

Dear Shareholders:

We are pleased to notify you that the 122nd Annual General Meeting of Shareholders of Mitsubishi Logisnext Co., Ltd. (the "Company") will be held for the purposes as described below.

In convening this General Meeting of Shareholders, the Company has taken measures for electronic provision of information contained in the Reference Documents for the General Meeting of Shareholders, etc. (matters to be provided electronically). The information is posted on the Company's website on the internet. Please access the following website to find the information.

The Company's website: https://www.logisnext.com/en/

(Please access the above website and select "Investors" to find the information.)

In addition to the Company's website, matters to be provided electronically are also posted on the Tokyo Stock Exchange (TSE) website. Please find them below.

Tokyo Stock Exchange website (Listed Company Search service): https://www2.jpx.co.jp/tseHpFront/JJK020010Action.do?Show=Show

(Please access the TSE website above, enter "Issue name (company name)" or "Code," search, select "Basic information" and then Documents for public inspection/PR information," and find the information under "Notice of General Shareholders Meeting /Informational Materials for a General Shareholders Meeting" in "Filed information available for public inspection.")

If you are unable to attend the meeting, please review the attached "Reference Documents for the General Meeting of Shareholders" and exercise your voting rights by electromagnetic means (via the internet, etc.) or in writing (by postal mail) in advance. When exercising voting rights in advance, please refer to the attached "Reference Documents for the General Meeting of Shareholders" and exercise your voting rights by 4:50 p.m. on Tuesday, June 27, 2023, Japan time.

1. Date and Time: Wednesday, June 28, 2023 at 10:00 a.m. Japan time

(Reception opens at 9:00 a.m.)

2. Place:Main hall at the Corporate Headquarters located at 2-1-1,Higashi-kotari, Nagaokakyo City, Kyoto, Japan

3. Agenda:

Matters to be reported: 1. The Business Report, Consolidated Financial Statements for the Company's

122nd Fiscal Year (April 1, 2022 - March 31, 2023) and results of audits by the Accounting Auditor and the Audit and Supervisory Board of the Consolidated Financial Statements

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2. Non-consolidated Financial Statements for the Company's 122nd Fiscal Year (April 1, 2022 - March 31, 2023)

Proposals to be resolved:

Proposal 1: Dividend of Surplus

Proposal 2: Election of Seven (7) Directors

Proposal 3: Election of Two (2) Audit and Supervisory Board Members

Proposal 4: Election of One (1) Substitute Audit and Supervisory Board Member

Proposal 5: Introduction of a Restricted Stock Compensation System

Proposal 6: Revision of the Amount of Remuneration for External Directors and Audit and Supervisory Board Members

• When attending the meeting, please submit the enclosed Voting Rights Exercise Form at the reception desk.
• If you exercise your voting rights in writing (by postal mail) and do not indicate your vote for or against a proposal on the Voting Rights Exercise Form, we will deem that you have voted for the proposal.
• Should the matters to be provided electronically require revisions, the revised versions will be posted on the Company's website (https://www.logisnext.com/).
• Of the matters to be provided electronically, "Systems to Ensure Proper Business Operations and Implementation Status of Such Systems" of the Business Report, "Notes to the Consolidated Financial Statements" of the Consolidated Financial Statements, and "Notes to the Non-consolidated Financial Statements" of the Non-consolidated Financial Statements are not included in the paper copy to be sent to shareholders who have requested it, in accordance with provisions of laws and regulations as well as the Company's Articles of Incorporation. The paper copy to be sent to shareholders who have requested it is therefore part of the documents that were audited by the Audit and Supervisory Board Members and the Accounting Auditor in preparing the audit report.
• If you wish to make a diverse exercise of your voting rights, please notify the Company of your intention and the reason therefor not later than three (3) days before the Annual General Meeting of Shareholders.

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Guide to Exercising Voting Rights

Voting rights at the General Meeting of Shareholders are important rights of shareholders.

Please refer to the attached "Reference Documents for the General Meeting of Shareholders" and exercise your voting rights.

You can exercise your voting rights by one of the following three methods.

• Exercise voting rights via the internet, etc.
  Please follow the instructions on the next page to indicate your vote for or against the proposals.
  Deadline: Tuesday, June 27, 2023 at 4:50 p.m., Japan time (Your votes must be entered by the deadline above.)
• Exercise voting rights in writing (by postal mail)
  Please indicate your vote for or against the proposals on the enclosed Voting Rights Exercise Form and return it by post without attaching a postage stamp.
  Deadline: Tuesday, June 27, 2023 at 4:50 p.m., Japan time (Your mail must arrive by the deadline above.)
• Attend the General Meeting of Shareholders
  Please submit the enclosed Voting Rights Exercise Form at the reception desk.
  Wednesday, June 28, 2023 at 10 a.m. (Reception opens at 9 a.m.)

Institutional investors may use the electronic voting platform for institutional investors, operated by ICJ, Inc.

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Reference Documents for the General Meeting of Shareholders

Proposal 1: Dividend of Surplus

The basic policy of the Company's dividend policy, etc. is to maintain stable profit returns, while securing internal reserves appropriately in preparation for future growth.

For the fiscal year ended March 31, 2023, it is proposed that year-end dividends be distributed as follows, in light of the performance for the fiscal year and business development going forward.

1. Type of Dividends Cash
2. Allotment of dividend assets to shareholders and total amount of dividends

Common stock of the Company: 9 yen per share

Total amount:

960,298,173 yen

3. Date that the dividend of surplus becomes effective June 29, 2023

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Proposal 2: Election of Seven (7) Directors

The terms of office of all eight (8) Directors will expire at the conclusion of this year's Annual General Meeting of Shareholders. Accordingly, the election of seven (7) Directors is proposed.

The candidates are as follows:

No.			Name				Positions and responsibilities
1			Takashi				Representative Director and
	Reappointment
	Mikogami				Chairman
2			Yuichi Mano				Representative Director and
	Reappointment
				President
							Director
							Executive Officer
			Takatoshi Uno				CFO, Division Head, General
3		Reappointment				Manager, Corporate Strategy and
							Planning Office
							In charge of Corporate Finance
							and Accounting Headquarters
4			Masayuki				Director
	Reappointment
	Suematsu
5			Osamu Ando	External Director		Director
	Reappointment	Independent Director
			Kyoko
6			External Director		Director
	Reappointment	Kobayashi	Independent Director
			Fumio
7			External Director		Director
	Reappointment	Kobayashi	Independent Director

Significant concurrent positions

Executive Vice President and

CSO, Mitsubishi Heavy

Industries, Ltd.

President, Shimadzu Access

Corporation

Lawyer, Partner at Irokawa

Legal Professional Corporation

External Audit and Supervisory

Board Member, Kawakami Paint

Manufacturing Co., Ltd.

External Director, Nippon Pillar

Packing Co., Ltd.

Adviser, Japan Material Flow

Institute

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