Sumitomo Electric Industries : Convocation Notice of the 153rd Ordinary General Meeting of Shareholders

CONVOCATION NOTICE OF

THE 153RD ORDINARY GENERAL MEETING OF SHAREHOLDERS

June 6, 2023

Sumitomo Electric Industries, Ltd.

On May 30, 2023, Sumitomo Electric Industries, Ltd. (the "Company") posted the information contained in the Reference Documents and other documents regarding the Ordinary General Meeting of Shareholders (the "Electronic Provision Measures Matters") on the Internet websites in convening the 153rd Ordinary General Meeting of Shareholders. This document only provides translations of information contained in the Japanese original text of the Electronic Provision Measures Matters (except non-consolidated financial statements, independent auditor's reports, the report of Audit & Supervisory Board, instructions on exercise of voting rights, Internet live streaming information, and the map of the venue of the Ordinary General Meeting of Shareholders) disclosed on the Internet in convening the 153rd Ordinary General Meeting of Shareholders, solely for the purpose of identifying the items of information contained in the Electronic Provision Measures Matters for reference. The Company does not represent or warrant that the information provided in this document (the "Information") constitutes a summary of the Electronic Provision Measures Matters or provides a complete and accurate record of the material information of the Electronic Provision Measures Matters. No warranty is given to any user of the Information as to its accuracy or completeness or timeliness. In the event of any dispute regarding or difference between the meaning or intent of the Information and that of the Japanese original text of the Electronic Provision Measures Matters, the Japanese original text of the Electronic Provision Measures Matters shall prevail. In order to accurately and completely understand the information contained in the Electronic Provision Measures Matters, it is necessary to read their complete Japanese original text. The shareholders of the Company are therefore requested to refer to the complete text of the Electronic Provision Measures Matters. The original Japanese text of the Electronic Provision Measures Matters should be available on the Company's Japanese Web site (https://sumitomoelectric.com/jp/ir/meeting).

Neither the provision of the Information nor any part of the Information shall be deemed to be an offer to purchase or sell, or a solicitation of an offer to purchase or sell, any securities, nor shall it be deemed a recommendation for or an endorsement of investment by the Company. Neither the Company nor any of its Directors, officers, employees, agents, affiliates and assigns shall be liable to any person for any losses, damages, costs or expenses of whatever nature arising out of, or in any way related to, any errors to, delays in, ambiguities of, omissions from or alterations to, the Information or for any reliance by such person on any part of the Information.

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(Translation)

Securities Code: 5802

June 6, 2023 (Electronic provision measures commencement date: May 30, 2023)

To the Shareholders

Sumitomo Electric Industries, Ltd. 5-33, Kitahama 4-chomeChuo-ku, Osaka City Represented by: Osamu Inoue

President

CONVOCATION NOTICE OF

THE 153RD ORDINARY GENERAL MEETING OF SHAREHOLDERS

We are pleased to hereby inform you that the 153rd Ordinary General Meeting of Shareholders (the "Meeting") will be held as set forth below.

In convening the Ordinary General Meeting of Shareholders, we take electronic provision measures for the information contained in the Reference Documents and other documents regarding the Ordinary General Meeting of Shareholders (the "Electronic Provision Measures Matters"). The Electronic Provision Measures Matters is posted on the following Internet websites. Please access one of the following websites to review the information.

The Company's	https://sumitomoelectric.com/jp/ir/meeting
website:
TSE website	https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show
TSE Listed Company
Information Service

On the TSE website, please search by issue name (Sumitomo Electric Industries) or securities code (5802), and select "Basic Information" and "Documents for Public Inspection/PR Information" to review the information.

In addition to attending the Meeting, you have an option to exercise your voting rights by electromagnetic means (the Internet, etc.) or in writing. We cordially request that you exercise your voting rights (in doing so, please follow the "Instructions Regarding Voting" set forth on page 5 [of the Japanese original text]) by 5:15 p.m. of June 27, 2023 (Tuesday), after examining the Reference Documents regarding the Ordinary General Meeting of Shareholders set out below.

1. Date: June 28, 2023 (Wednesday) at 10:00 a.m.
2. Place: "The Grand Ballroom" 2nd floor

The Ritz-Carlton, Osaka

5-25, Umeda 2-chome,Kita-ku, Osaka City

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3. Purposes of the Meeting:

Matters to be reported

1. Reporting on the Business Report, the Consolidated Financial Statements and the results of the examination of the Consolidated Financial Statements by the Accounting Auditor and the Audit & Supervisory Board for the 153rd fiscal year (from April 1, 2022 to March 31, 2023)
2. Reporting on the Non-Consolidated Financial Statements for the 153rd fiscal year (from April 1, 2022 to March 31, 2023)

Matters to be resolved

First item:	Disposition of surplus
Second item:	Appointment of fourteen (14) Directors due to the expiration of the
	terms of office of all of the current Directors
Third item:	Appointment of two (2) Audit & Supervisory Board Members
Fourth item:	Payment of bonuses to the Directors

• Substitutions are allowed only when the proxy is the Company's shareholder with voting rights, and one person for each shareholder. (The proxy must bring not only the "Voting Instruction Form" of the shareholder but also a certification for his or her authority.)
• Of the Electronic Provision Measures Matters, the following matters are not included in the documents to be delivered to shareholders who requested the delivery of written documents, as they are posted on the aforementioned Internet websites in accordance with laws and regulations and Article 15 of the Articles of Incorporation; therefore, the documents to be delivered to the shareholders who requested the delivery of written documents are part of the subject documents audited by the Audit & Supervisory Board Members and the Accounting Auditors in preparing their audit reports:
• 1. "Content of Resolutions Regarding Development of Systems Necessary to Ensure the Propriety of Operations and Outline of the Operational Status of the Systems" in the business report;
  2. "Consolidated Statement of Changes in Net Assets" and "Notes to Consolidated Financial Statements" in the consolidated financial statements; and
  3. "Non-ConsolidatedStatement of Changes in Net Assets" and "Notes to Non- Consolidated Financial Statements" in the non-consolidated financial statements.
• When the Electronic Provision Measures Matters need modification by the day before the Meeting, we will notify the shareholders by notice on the aforementioned Internet websites.

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(Translation)

REFERENCE DOCUMENTS

REGARDING THE ORDINARY GENERAL MEETING OF SHAREHOLDERS

Agendas and Reference Information

First item:

Disposition of surplus

Based on maintenance of stable dividends, the Company has the basic policy of making distribution of profits to shareholders after taking into consideration the consolidated business results, the dividend payout ratio, the accumulation level of the retained earnings and other matters.

As for the year-end dividend for the 153rd fiscal year, in consideration of the business results for this fiscal year and other matters, the Company proposes to distribute in the amount of twenty five yen (¥25) per share, which is the same as the interim dividend for this fiscal year. As a result, the dividend for this fiscal year, including the interim dividend (twenty five yen (¥25)), is fifty yen (¥50) per share, which is the same as the preceding fiscal year.

1. Matters concerning the year-end dividend
2. 1. Type of properties to be distributed: Cash
   2. Matter concerning the allocation of properties to be distributed and the total amount thereof:
      Twenty five yen (¥25) per ordinary share of the Company Total amount of dividends: 19,501,874,800 yen
   3. Effective date of distribution of surplus: June 29, 2023
3. Other matters concerning the disposition of surplus

Not applicable.

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Second item: Appointment of fourteen (14) Directors due to the expiration of the

terms of office of all of the current Directors

The terms of office of all fifteen (15) current Directors will expire upon the closing of this Meeting. Approval is hereby requested for the appointment of fourteen (14) Directors.

The nominees for the offices of Directors are as stated on pages 7 to 21.

[Reference Information] List of Nominees for Directors

Nominee Name	Position and Areas of Responsibility in	Number of
Number	the Company	Times
	(as of May 30, 2023)	Attending
		Board of
		Directors
		Meetings
		(FY2022)

1	Masayoshi	Reappt.	Chairman of the Board of Directors	15/15
	Matsumoto
2	Osamu	Reappt.	President	15/15
	Inoue
3	Mitsuo	Reappt.	Executive Vice President	15/15
	Nishida		General Manager, Automotive Business
			Unit
4	Hideo	Reappt.	Senior Managing Director	15/15
	Hato		General Manager, New Business
			Development Unit
			Deputy General Manager, Automotive
			Business Unit (Systems & Electronics
			Division)
			Corporate Staff Group (Legal, Public
			Relations, Corporate Planning, Intellectual
			Property, Security Trade Control)
			Environment and Energy Group (Energy
			System Division)
5	Akira	Reappt.	Senior Managing Director	15/15
	Nishimura		General Manager, R&D Unit
			Electronics Group (Flexible Printed Circuits
			Division)
6	Masaki	Reappt.	Managing Director	15/15
	Shirayama		General Manager, Electric Wire & Cable,
			Energy Business Unit
7	Yasuhiro	Reappt.	Managing Director	15/15
	Miyata		General Manager, Electronics Sales Unit
			Sales Group (Sales Compliance)
8	Toshiyuki	Reappt.	Managing Director	15/15
	Sahashi		General Manager, Advanced Materials
			Business Unit
9	Shigeru	Reappt.	Managing Director	12/12
	Nakajima		General Manager, Semiconductor Innovation
			Business Unit

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