TOHOKU ELECTRIC POWER CO., INC.

November 22, 2018

Notice Concerning Issuance of the 505th Straight Bonds of Tohoku Electric Power Co., Inc.

We hereby announce that the 505th Straight Bonds of Tohoku Electric Power Co., Inc. will be issued as described below.

Please note that the bond will be offered to institutional investors only.

The 505th Straight Bond (institutional investors only)

1. Purpose of issuance:

Proceeds will be used for capital expenditure

2. Type of bond:

Straight bond (with general mortgage)

3. Aggregate

principal amount:

20 billion yen

4. Denomination:

1 million yen

5. Schedule:

6. Interest:

(Yield to maturity: 0.420% p.a.)

7. Issue price:

100% of the denomination

8. Redemption price:

100% of the denomination

9. Period to maturity:

10 years (November 24, 2028)

10. Redemption method:

Bullet maturity

11. Managers:

Daiwa Securities Co. Ltd. (Lead manager)

Nomura Securities Co., Ltd.

SMBC Nikko Securities Inc.

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

12. Bond trustees:

Mizuho Bank, Ltd.

Sumitomo Mitsui Banking Corporation

13. Bond rating:

A + (Rating and Investment Information, Inc.)

AA- (Japan Credit Rating Agency, Ltd.)

Date of offer

November 22, 2018

Subscription date

November 22, 2018

Closing date

November 29, 2018

Date of issue

November 29, 2018

0.420% p.a.

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Tohoku Electric Power Co. Inc. published this content on 22 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 November 2018 02:55:00 UTC