Japan Petroleum Exploration : Partial Revision in “Notification of the Convocation to the 52nd Ordinary General Meeting of the Shareholders” (107.3 KB)

Code No. 1662

June 17, 2022

Masahiro Fujita, President

Japan Petroleum Exploration Co., Ltd. (JAPEX)

1-7-12 Marunouchi, Chiyoda-ku, Tokyo

To All Shareholders:

Partial Revision in "Notification of the Convocation to the 52nd Ordinary General Meeting of the Shareholders"

Please be advised that we have made a partial revision in the "Notice of Convocation of the Ordinary General Meeting of Shareholders," which was sent on June 6, 2022. We apologize for the error and provide details of the revision below. The revised part is underlined.

Revised Section

Page 12 of the Notification of the Convocation

Item 3: Election of Eleven (11) Directors

Candidate No.9 Hideichi Kawasaki, [Reasons for nomination as a candidate for Outside Director and outline of expected roles]

Before Revision

Hideichi Kawasaki has distinguished insights regarding corporate management, in general, through his extensive corporate management experience at an entity engaged in global operations in telecommunications and other fields. Currently serving as an Outside Director, he has supervised and provided wide-ranging proposals for JAPEX management. We continuously expect him to provide us with valuable proposals in addressing various business challenges JAPEX faces, based on his extensive experience; and therefore, have renominated him as a candidate for Outside Director.

After Revision

Hideichi Kawasaki has distinguished insights regarding corporate management, in general, through his extensive corporate management experience at an entity engaged in global operations in telecommunications and other fields. Currently serving as an Outside Director, he has supervised and provided wide-ranging proposals for JAPEX management. We continuously expect him to provide us with valuable proposals in addressing various business challenges JAPEX faces, based on his extensive experience; and therefore, have renominated him as a candidate for Outside Director.

In addition, if Hideichi Kawasaki is appointed as an Outside Director, he is expected to assume responsibility for supervising the process of selecting candidates for officer and determining officer compensation from an objective and neutral standpoint as a member of the Nomination and Compensation Advisory Committee.

Revised Section

Page 15 of the Notification of the Convocation

Item 4: Election of Three (3) Corporate Auditors

Candidate No.1 Yoshihiko Motoyama, Brief history, Position in JAPEX and Significant Positions Concurrently Held

Before Revision

June 2021 Corporate Auditor at JAPEX Offshore, Ltd.

After Revision

June 2021 Corporate Auditor at JAPEX Offshore, Ltd. (up to the present date)

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