OSAKA, Japan - Shionogi & Co., Ltd. (Head Office: Osaka, Japan; President and CEO: Isao Teshirogi, Ph.D.; hereafter 'Shionogi' or 'Company') hereby announces that, at a meeting held on June 23, 2022, the Board of Directors resolved the terms for the disposition of treasury stock by way of third-party allotment. The disposition of treasury stock itself was resolved, subject to the approval of shareholders at the 157th Ordinary General Meeting of Shareholders to be held on June 23, 2022, at the meeting of the Board of Directors held on May 11, 2022. The delegation to the Board of Directors of the power to decide the terms of such disposition was approved, pursuant to the provisions of Articles 199 and 200 of the Companies Act, at the Ordinary General Meetings of Shareholders held today.

Forward-Looking Statements

This announcement contains forward-looking statements. These statements are based on expectations in light of the information currently available, assumptions that are subject to risks and uncertainties which could cause actual results to differ materially from these statements. Risks and uncertainties include general domestic and international economic conditions such as general industry and market conditions, and changes of interest rate and currency exchange rate. These risks and uncertainties particularly apply with respect to product-related forward-looking statements. Product risks and uncertainties include, but are not limited to, completion and discontinuation of clinical trials; obtaining regulatory approvals; claims and concerns about product safety and efficacy; technological advances; adverse outcome of important litigation; domestic and foreign healthcare reforms and changes of laws and regulations. Also for existing products, there are manufacturing and marketing risks, which include, but are not limited to, inability to build production capacity to meet demand, lack of availability of raw materials and entry of competitive products. The company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Contact:

SHIONOGI

Website: https://www.shionogi.com

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