TADANO : Notice of Convocation of 69th Ordinary General Meeting of Shareholders

This document is a partial English translation of the original Japanese version and is prepared solely for reference purposes and the convenience of foreign shareholders. In the event of any discrepancy between this translation and the Japanese original, the latter shall prevail.

Securities Code: 6395

June 5, 2017

To Shareholders with Voting Rights:

Koichi Tadano

Representative Director, President and CEO TADANO LTD.

Ko-34 Shinden-cho, Takamatsu, Kagawa

Notice of Convocation of

69th Ordinary General Meeting of Shareholders

Please be advised that the 69th Ordinary General Meeting of Shareholders of TADANO LTD. (hereinafter "the Company") will be held as follows. Your attendance at the meeting is cordially requested.

If you are unable to attend the meeting on the day, you may exercise your voting rights by either of the methods described below. However, please note that the deadline for exercising your voting rights in this case is 5:25 p.m., Monday, June 26, 2017. Please also review the attached Reference Documents for Shareholders Meeting before making your decisions.

Exercise of Voting Rights by Mail (in Writing)

Please indicate your approval or disapproval of the proposals using the enclosed ballot form and send it back to us by the deadline specified above.

Exercise of Voting Rights via the Internet

Please access the website for exercising voting rights (http://www.it-soukai.com), input the "code for exercising voting rights" and "password" displayed on the enclosed ballot form, and follow the instructions on the screen to enter your approval or disapproval of the proposals.

Before exercising your voting rights via the internet, please be sure to check the "Instructions for Exercise of Voting Rights via the Internet" on page 33.

1. Date and Time: Tuesday, June 27, 2017, 10:00 a.m. (Reception starts at 9:00 a.m.)

2. Place: Seto Hall, Annex 2F, Takamatsu International Hotel 2191-1 Kita-cho, Takamatsu City, Kagawa, Japan

3. Purpose of Meeting Items to Be Reported:

4. Business report, consolidated financial statements, independent auditor's audit report, and Audit and Supervisory Board's audit report on consolidated financial statements for the 69th term (from April 1, 2016 to March 31, 2017)

5. Financial statements for the 69th term (from April 1, 2016 to March 31, 2017)

   Items to Be Resolved:

6. Appropriation of retained earnings

7. Election of six Directors

8. Election of one Audit and Supervisory Board Member

9. Revision of countermeasure policy regarding large-scale purchases, etc. of the Company's shares (takeover defense measures)

11. Other Important Matters Related to the Convocation

12. If you do not indicate your approval or disapproval of the proposal(s) using the ballot form, you are regarded as having approved the proposal(s).

13. If you cannot attend the meeting, another shareholder with voting rights can act as a proxy for you at the meeting. In this situation, however, the said proxy must submit to the Company a written document certifying the right to serve as proxy.

    ◎ When you attend the meeting, please present the enclosed ballot form at the day to the reception desk.

    ◎ We will be in business casual (Coolbiz) at the meeting, and we would appreciate it if you could attend the meeting wearing light clothing as well.

    ◎ Of documents that are required to be attached to the notice of this convocation, the following items

    are available online via our website (http://www.tadano.co.jp/), and are excluded from this notice in accordance with legal provisions and Article 14 of the Company's articles of incorporation.

14. Business report: System for ensuring appropriate business operations and the status of its operation

15. Business report: Basic policy on corporate governance

16. Consolidated financial statements: Consolidated statement of changes in equity and notes to consolidated financial statements

17. Non-consolidated financial statements: Non-consolidated statement of changes in equity and notes to non-consolidated financial statements

    Accordingly, the documents provided along with this notice are part of the consolidated financial statements or non-consolidated financial statements audited by independent auditors when preparing their audit report, and are also part of the business report, consolidated financial statements or non- consolidated financial statements audited by the Audit and Supervisory Board and its members when preparing their audit report.

    ◎ Please note that if any revisions are made to the contents of the business report, consolidated financial statements and non-consolidated financial statements, and reference documents for the Shareholders Meeting, the revised contents will be made available online via our website (http://www.tadano.co.jp/).

    Reference Documents for Shareholders Meeting

    Proposals and Reference Matters

    Proposal 1: Appropriation of retained earnings

    To continuously offer stable returns to shareholders, the Company determines the amount of retained earnings to appropriate by thoroughly considering factors such as financial strength, consolidated performance and dividend payout ratios.

    The Company will work for sustainable growth and corporate value improvement by appropriating internal reserves for capital investment, investments and loans etc., in order to become a manufacturer with four synergistic strengths: product competitiveness, product quality, service capability (including parts), and used crane value.

    Outlined below is the Company's proposed year-end dividend for the current fiscal year, set in consideration of the current year's performance and future management environment.

    Matters regarding year-end dividend

18. Dividend type Cash dividends

19. Per-share dividend amount and total amount of dividends 13 yen per common share of the Company 1,646,221,655 yen in total

    It should be noted that the Company's annual dividend for the current fiscal year will be 26 yen per share, the same amount as that of the previous fiscal year which includes an interim dividend of 13 yen.

20. Effective date of dividend payment Wednesday, June 28, 2017