KDDI : Notice Regarding Repurchase of Own Shares (Repurchase of own shares under the provisions of the Articles of Incorporation pursuant to Article 165, Paragraph 2, of the Companies Act)

October 30,2020

KDDI Corporation

The Board of Directors of KDDI Corporation ('KDDI',) at its meeting held today, resolved that KDDI will repurchase its own shares pursuant to Article 156 of the Companies Act of Japan, which applies pursuant to Article 165, Paragraph 3, of that law.

1. Reasons for repurchase of KDDI's own shares

To implement flexible capital policies in response to the change in the business environment, to provide shareholders return and to dispose※ our treasury stock through a third-party allocation with Toyota Motor Corporation as the recipient.

2. Details of matters relating to the repurchase

(1) Type of shares to be repurchased	Shares of common stock
(2) Total number of shares to be repurchased	Up to 84,000,000 shares (Ratio to the shares outstanding: 3.65%)
(3) Total amount of repurchase price	Up to 200 billion yen
(4) Repurchase period	From November 2※, 2020 to May 31, 2021
(5) Repurchase method	Market purchases through the Tokyo Stock Exchange

Total number of shares outstanding	2,300,062,466 shares
Total number of treasury stocks [1]	4,117,084 shares