Nippon Paint Holdings Co., Ltd. announced that at the Board of Directors meeting held on February 27, 2019, the company has resolved internally to change its Representative Director as follows. A formal decision regarding the change (outlined as follows) will be made subject to approval at the 194th Ordinary General Meeting of Shareholders to be held on March 27, 2019 and a subsequent Board of Directors meeting. Reason for the change: The company are aiming to become "a leading company committed to continuously creating new values in the area of paints & coatings" that laid out in the Medium-term Management Plan, "N-20".

The company is in the stage to make significant advance to be a global enterprise, and to this end, is going to invite Mr. Masaaki Tanaka as Executive Chairman of the Board, Representative Director of the Board. Mr. Tanaka's knowledge of finance and merger & acquisition as well as the utilization of his global network of connection based on his extensive experience in managing international financial institutions will help further strengthen the company's execution function. As Executive Chairman of the Board, Mr. Tanaka is also expected to further revitalize discussion of board meetings and implement a global corporate governance structure.

The title of Mr. Tetsushi Tado will be changed to President and CEO, Representative Director of the Board from current title of President, Representative Director of the Board by resolution of the Board of Directors meeting to be held on March 27, 2019. Scheduled appointment date is March 27, 2019.