Kansai Paint : Notice Concerning Cancellation of Own Shares

May 11, 2023

To whom it may concern:

Company name: Kansai Paint Co., Ltd

Representative:	MORI Kunishi,
	Representative Director of the Board, President
	(Tokyo Stock Exchange Prime Market, Code No.4613)
Contact:	MASUTANI Yoichi,
	Director, Finance & Accounting Dept.
	Corporate Finance Div.
	(TEL: [phone])

Notice Concerning Cancellation of Own Shares

(Cancellation of Own Shares pursuant to Article178 of the Companies Act of Japan)

Kansai Paint Co., Ltd. hereby announces that the cancellation of own shares as approved at a meeting of the Board of Directors held on May 11, 2023 pursuant to provisions of Article 178 of the Companies Act of Japan.

1. Class of shares to be cancelled
2. Aggregate number of shares to be cancelled
3. Cancellation date
4. Aggregate number of issued shares after cancellation

Common shares

34,000,000 shares

(The ratio to the aggregate number of issued shares before cancellation: 12.47%)

June 30, 2023

238,623,270 shares