The Board of Directors of Honda Motor Co., Ltd. at its meeting held on February 18, 2020, hereby announced that it has decided on changes in its Operating Officers effective as of April 1, 2020, and that it has made an internal decision regarding candidates for Directors to be elected at the Ordinary General Meeting of Shareholders to be held in June 2020. The changes in Directors effective as of the date of the Ordinary General Meeting of Shareholders to be held in June 2020 shall be formally determined at such Ordinary General Meeting of Shareholders and at a meeting of the Board of Directors to be held immediately thereafter. Candidates for Directors to be newly appointed: Toshihiro Mibe, currently Managing Officer, appointed as Senior Managing Director. Fumiya Kokubu, currently Chairman of the Board, Marubeni Corporation, Outside Director, Taisei Corporation, appointed as Director. Mr. Toshihiro Mibe’s current title, Managing Officer, is to be changed to Senior Managing Officer effective as of April 1, 2020. Mr. Fumiya Kokubu is a candidate for Outside Director as defined under the provisions of the Enforcement Regulations of the Companies Act of Japan. Directors to retire: the company announced that the retirement of Yoshi Yamane as Senior Managing Director and Motoki Ozaki as Director. Operating Officers to change titles; the company announced redesignation of Toshihiro Mibe from Managing Officer to Senior Managing Officer and Katsushi Inoue from Operating Officer to Managing Officer. Operating Officer to be newly appointed: Hisao Takahashi, currently Senior Managing Director, Honda R&D Co., Ltd. Chief Officer of Automobile Center, appointed as Managing Officer. Operating Officers to retire; Operating Officers to retire except Mr. Takashi Sekiguchi and Mr. Kazuhiro Odaka are to be appointed to Operating Executives which are newly established positions. Mr. Kazuhiro Odaka has been appointed as President and Representative Director of Honda Trading Corporation since November 8, 2019. Takashi Sekiguchi as Managing Officer, Issao Mizoguchi as Operating Officer, Yusuke Hori as Operating Officer, Tomomi Kosaka as Operating Officer, Toshiyuki Shimabara as Operating Officer, Kazuhiro Odaka as Operating Officer, Masayuki Igarashi as Operating Officer, Hiroyuki Kachi as Operating Officer, Soichi Yamamoto as Operating Officer, Kimiyoshi Teratani as Operating Officer, Asako Suzuki as Operating Officer, Katsuhisa Okuda as Operating Officer, Katsuhide Moriyama as Operating Officer, Keiji Ohtsu as Operating Officer, Yoshishige Nomura as Operating Officer, Yoshikado Nakao as Operating Officer, Hiroshi Tokutake as Operating Officer, Taro Kobayashi as Operating Officer and Jiro Morisawa as Operating Officer.