(Translation)

August 2, 2022

Name of Company:

Shiseido Company, Limited

Name of Representative:

Masahiko Uotani

President and CEO

(Representative Director)

(Code No. 4911; The Prime Market of the Tokyo Stock Exchange)

Contact:

Ayako Hirofuji

Vice President

Investor Relations Department

(Tel: +81 3 3572 5111)

(Updated) Notice of Partial Correction of "Notice of Company Split (Simple Absorption-

type Split) and Other Changes Accompanying the Transfer of the Manufacturing

Business of Personal Care Products"

Shiseido Company, Limited hereby announces a partial correction of its "Notice of Company Split (Simple Absorption-type Split) and Other Changes Accompanying the Transfer of the Manufacturing Business of Personal Care Products", announced on August 1, 2022, and apologizes for any inconvenience caused.

Updated

Page 4 : 4. Overview of the Company Split (3) Allotment of shares

(Before correction)

In the Company Split, the New Company will issue common shares (the number of shares to be issued has not been determined), and all shares will be allotted to the Company.

After correction)

In the Company Split, the New Company will not pay any equivalent value.

-End of News Release-

- 1 -

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Shiseido Co. Ltd. published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 09:29:09 UTC.