Hachijuni Bank : Partial Correction to the Notice of Convocation of the 140th Annual General Meeting of Shareholders

(Securities Code: 8359)

June 12, 2023

To Shareholders:

Masaki Matsushita

President

The Hachijuni Bank, Ltd.

178-8, Okada,

Nagano-city, Japan

Partial Correction to the Notice of Convocation of the 140th Annual General Meeting of Shareholders

The Hachijuni Bank, Ltd. hereby announces the following corrections to the information contained in the "Notice of Convocation of the 140th Annual General Meeting of Shareholders," which was disclosed on June 2, 2023. We apologize for any inconvenience caused.

1. Item to be corrected
   Name of Candidate No. 7, Mr. Eiji Kanzawa, in "Reasons for selection as a candidate and expected roles" and the subsequent "Notes" on pages 10 and 11 of the Notice of Convocation of the 140th Annual General Meeting of Shareholders
2. Details of the corrections Corrected parts are underlined.
   (Before corrections)
   [Reasons for selection as a candidate and expected roles]
   Mr. Eiji Kanazawa, who executes the operations of KISSEI COMTEC CO., LTD. as a Representative Director, has a wealth of knowledge of promoting digitalization. The Bank has judged that Mr. Kanazawa, who has also fulfilled his duties as an Outside Director appropriately, will contribute to the management of the Bank, and has thus selected him as a candidate for Outside Director. The Bank expects that, if Mr. Kanazawais elected, he will provide supervision and advice on its business and execution from an expert perspective, especially in the digital transformation field. The Bank also plans to enlist Mr. Kanazawato

serve as a member of the Nominating and Compensation Committee and be involved in the selection of executive candidates and decisions on executive remuneration of the Bank from an independent standpoint.

(Notes)

10. Under Article 29 of the current Articles of Incorporation, the Bank has made an agreement with Ms. Miyako Hamano and Mr. Eiji Kanazawato limit their liability for damages to the minimum liability amount to the extent that they have acted in good faith without gross negligence during the course of their duties. (See Article 423, Paragraph 1 and Article 425, Paragraph 1 of the Companies Act.) The Bank plans to continue said agreement when they are reappointed as Outside Directors.

(After corrections)

[Reasons for selection as a candidate and expected roles]

Mr. Eiji Kanzawa, who executes the operations of KISSEI COMTEC CO., LTD. as a Representative Director, has a wealth of knowledge of promoting digitalization. The Bank has judged that Mr. Kanzawa, who has also fulfilled his duties as an Outside Director appropriately, will contribute to the management of the Bank, and has thus selected him as a candidate for Outside Director. The Bank expects that, if Mr. Kanzawais elected, he will provide supervision and advice on its business and execution from an expert perspective, especially in the digital transformation field. The Bank also plans to enlist Mr. Kanzawato serve as a member of the Nominating and Compensation Committee and be involved in the selection of executive candidates and decisions on executive remuneration of the Bank from an independent standpoint.

(Notes)

10. Under Article 29 of the current Articles of Incorporation, the Bank has made an agreement with Ms. Miyako Hamano and Mr. Eiji Kanzawato limit their liability for damages to the minimum liability amount to the extent that they have acted in good faith without gross negligence during the course of their duties. (See Article 423, Paragraph 1 and Article 425, Paragraph 1 of the Companies Act.) The Bank plans to continue said agreement when they are reappointed as Outside Directors.

End of Document