Nippon Paint : Extraordinary Report of the 198th Annual General Meeting of Shareholder

１【Reason for Filing the Extraordinary Report】

As the following matters were resolved at the 198th Annual General Meeting of Shareholders of Nippon Paint Holdings Co., Ltd. (the "Company") held on March 28, 2023, the Company hereby files this Extraordinary Report pursuant to Article 24-5, Paragraph 4 of the Financial Instruments and Exchange Act and Article 19, Paragraph 2, Item 9-2 of the Cabinet Office Ordinance on Disclosure of Corporate Affairs.

２【Matters Reported】

• (1) Date of said Annual General Meeting of Shareholders March 28, 2023

• (2) Proposals acted upon

  Proposal 1: Appropriation of Surplus

  1. Matters concerning year-end dividends

  • (1) Matters concerning the allotment of dividend property to shareholders and the total amount

    6 yen in cash per share of common stock, for a total of 14,090,855,988 yen

  • (2) Effective date of distribution of surplus

    March 29, 2023

  2. Other appropriation of surplus

  • (1) Item of surplus to be decreased and amount of decrease General reserve: 140,065,000,000 yen

  • (2) Item of surplus to be increased and amount of increase Retained earnings brought forward: 140,065,000,000 yen

  Proposal 2: Election of 9 Directors

  The following 9 persons were elected to serve as Directors: Goh Hup Jin, Hisashi Hara, Peter M Kirby, Lim Hwee Hua, Masataka Mitsuhashi, Toshio Morohoshi, Masayoshi Nakamura, Yuichiro Wakatsuki, and Wee Siew Kim.

• (3) Number of voting rights indicating "for," "against," or "abstain"; requirements for the proposals to be approved; and results of the resolutions

Proposal	For (Number of votes)	Against (Number of votes)	Abstain (Number of votes)	Requirements for approval	Results of resolution and approval rate (%)
Proposal 1 Appropriation of Surplus	21,339,173	1,567	542	Note 1	Approved 99.08%
Proposal 2 Election of 9 Directors Goh Hup Jin Hisashi Hara Peter M Kirby Lim Hwee Hua Masataka Mitsuhashi Toshio Morohoshi Masayoshi Nakamura Yuichiro Wakatsuki Wee Siew Kim	20,870,612 21,118,052 21,241,682 21,245,727 21,245,327 21,209,004 20,872,670 21,191,713 21,160,190	470,067 222,635 99,012 94,967 95,367 131,689 468,012 148,979 180,498	542 542 542 542 542 542 542 542 542	Note 2 Note 2 Note 2 Note 2 Note 2 Note 2 Note 2 Note 2 Note 2	Approved 96.90% Approved 98.05% Approved 98.62% Approved 98.64% Approved 98.64% Approved 98.47% Approved 96.91% Approved 98.39% Approved 98.24%

Note 1. A vote in favor by a simple majority of the voting rights held by the shareholders present.

Note 2. A vote in favor by a simple majority of the voting rights held by the shareholders present at a meeting attended by shareholders entitled to exercise voting rights holding in aggregate one-third or more of the total voting rights.

(4) Reason why a portion of the voting rights exercised by the shareholders present at the general meeting of shareholders was not added to the number of voting rights

By calculating the total number of voting rights exercised in advance by the business day prior to this Annual General Meeting of Shareholders and those exercised by the shareholders present at the meeting, the Company was able to confirm an opinion for or against the proposal. Therefore, the number of voting rights held by the shareholders present at the meeting which the Company was not able to confirm an opinion for, against, or abstaining from the proposals were not included in the calculation.

End