Japan Airlines : NOTICE OF the 74th ORDINARY GENERAL MEETING OF SHAREHOLDERS [3.37 MB

Note: This document has been translated from the Japanese original for the convenience of non-Japanese shareholders. In the event of any discrepancy between this document and the Japanese original, the original shall prevail.

NOTICE OF THE 74th ORDINARY

GENERAL MEETING OF SHAREHOLDERS

Japan Airlines Co., Ltd.

Dear Shareholders,

I would like to take this opportunity to express my sincere gratitude to our shareholders and investors for their continued support. I am pleased to notify you of the 74th Ordinary General Meeting of Shareholders of Japan Airlines Co., Ltd.

In FY2022, the airline industry continued to face a challenging business environment due to the prolonged impact of the novel coronavirus (COVID-19) pandemic and the unstable global situation. On the other hand, passenger demand steadily recovered due to the relaxation of immigration restrictions and measures to stimulate demand in Japan, and cargo demand and unit prices remained at high levels. In addition, we have strictly implemented disciplined cost management by making full use of our divisional profitability system to cope with rising fuel costs and other cost increases.

As a result of these efforts, for the first time in three fiscal years since FY2019, we have achieved full-year profitability with EBIT of 64.5 billion yen and profit attributable to owners of parent of 34.4 billion yen. We would like to express our sincere gratitude to our shareholders for their support during the pandemic.

As the focus of management issues shifts from recovery and stabilization of current business performance to medium- to long-term growth, we believe it is important to build sustainable relationships with all of our stakeholders. We will resume dividend payments subject to approval at this General Meeting of Shareholders, and will continue to expand shareholder returns in the future. Additionally, to enhance corporate value, we will proactively invest in ESG strategies, particularly in human resources, which are the JAL Group's greatest strength and the driving force of value creation.

In FY2023, we are on course to achieve EBIT of 100.0 billion yen, profit attributable to owners of parent of

55.0 billion yen, and interim and fiscal year-end dividends exceeding those of FY2022 by promoting the Medium Term Management Plan Rolling Plan 2023, and due to recovering passenger demand and improved profitability through business structure reforms.

Thank you for your continued support.

May 2023

AKASAKA Yuji

Representative Director, President

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Guide for Internet Live Streaming Service

Live streaming (From the opening to the closing of the General Meeting of Shareholders)

1. Date and time

From 10:00 a.m., Friday, June 23, 2023 (JST)

*The live streaming page can be accessed around 9:30 a.m. on the day.

2. How to view

(1) Please access the website for viewing live streaming below.

URL for the website for viewing live streaming

https://engagement-portal.tr.mufg.jp/ (in Japanese)

1. On the shareholder authentication screen (log in screen), enter "login ID" and "password," confirm the terms of use, and then log in.

1. Login ID: 0101 + shareholder number (*)
   (If your shareholder number is 12345678, it will be 0101-1234-5678.)
2. Password: A number comprising the postcode (seven-digit number) from your registered address on the Shareholder Registry as of March 31, 2023 + "2023"
   (If your postcode is 123-4567, it will be 12345672023.)
3. • The shareholder number is an eight-digit number printed on the Voting Form. You do not need to enter hyphens in your login ID and password.

3. For shareholders attending the meeting in person

Please understand that although the video cameras are placed near the chairperson's and officers' seats to protect the privacy of shareholders, it is possible that some shareholders attending the meeting will be unavoidably captured in the video.

Notes on the live streaming

• Since viewing the live streaming is not recognized as attending the General Meeting of Shareholders according to the Companies Act, you will not be able to ask questions or exercise your voting rights on the day. Please exercise your voting rights in advance via the Internet or in writing (by mail), etc.
• Shareholders are asked to bear the connection fees, etc. that may incur for viewing the live streaming.
• Depending on your device or network environment, there may be viewing problems such as video and audio disruptions and you may not be able to watch the live streaming.
• Please note that there is a possibility that we may not be able to conduct the live streaming on the day for various reasons. In such case, we will notify our shareholders on the website above.
• Please direct your inquiries regarding the live streaming as follows.

For Login ID (shareholder number) inquiries

Mitsubishi UFJ Trust and Banking Corporation 0120-676-808

From 9:00 a.m. until the meeting ends.

For troubles with the live streaming, etc.

V-cube, Inc.

03-4335-8088

From 9:30 a.m. until the meeting ends

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Archive streaming (From the opening to the closing of the General Meeting of Shareholders)

It will be posted on the Company's website promptly afterwards. https://www.jal.com/en/investor/stockholders_meeting/

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Securities code: 9201

Date of sending by postal mail: June 1, 2023

Start date of measures for electronic provision: May 25, 2023

NOTICE OF THE 74th ORDINARY

GENERAL MEETING OF SHAREHOLDERS

Dear Shareholders,

We hereby announce that the 74th Ordinary General Meeting of Shareholders of Japan Airlines Co., Ltd. (the "Company") will be held on Friday, June 23, 2023, as described hereunder.

If you choose not to attend the meeting, please review the attached Reference Documents for General Meeting of Shareholders, and please exercise your voting rights no later than 6:00 p.m., Thursday, June 22, 2023 by either procedure described in "Guide for Exercising Voting Rights" on page 8.

Sincerely yours,

AKASAKA Yuji

Representative Director, President

Japan Airlines Co., Ltd.

2-4-11Higashi-Shinagawa,Shinagawa-ku, Tokyo

MEETING DETAILS

1. Date and Time: 10:00 a.m., Friday, June 23, 2023 (The reception starts at 8:30 a.m.)

2. Venue:	2-1-6 Ariake, Koto-ku, Tokyo
	TOKYO GARDEN THEATER (Please refer to the map of the venue at the end of
	this document.) (Japanese only)
3. Agenda:
Items to be reported:	1. Business Report and Consolidated Financial Statements, Audit Reports of the
	Accounting Auditors and Board of Corporate Auditors regarding the
	Consolidated Financial Statements for the 74th Fiscal Year (April 1, 2022 to
	March 31, 2023)
	2. Non-consolidated Financial Statements for the 74th Fiscal Year (April 1, 2022 to
	March 31, 2023)
Items to be proposed:
Proposal 1:	Appropriation of Surplus
Proposal 2:	Election of Nine (9) Directors
Proposal 3:	Election of One (1) Audit and Supervisory Board Member

4. Predetermined Terms of the Convocation (Guide for Exercising Voting Rights) Please refer to the "Guide for Exercising Voting Rights" on pages 8 to 9.

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