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October 28, 2021

Tokyo Gas Co., Ltd.

UCHIDA Takashi,

Representative Corporate Executive Officer, President and CEO (Securities code: 9531, TSE 1 & NSE 1) NAKAJIMA Kei,

General Affairs Group Manager

Press Release

Notice of Revision of Dividend Forecasts for the year ended on March 31, 2022

Tokyo Gas Co., Ltd. ("Tokyo Gas") hereby announces that it has decided to revise the dividend forecasts per share announced on July 28, 2021 as below.

1. Reasons for revision

Tokyo Gas has considered acquisition of treasury stock for retirement as one way of providing shareholder return in addition to dividends and set a target for total return ratio to shareholders (ratio of dividends on current consolidated net income and acquisition of own shares) of roughly 50% in each fiscal year up through FY 2022. Considering the performance trends, Tokyo Gas has revised the year-end dividend forecast for the year ended on March 31,2022 up to ¥35 through increasing it by ¥5 per share (annual dividend will be ¥65 including 2Q-end dividend ¥30)

2. Revision of Dividend Forecasts

Dividend per share (yen)

2Q-end

Year-end

Total

Previous forecast

30.00

60.00

(July 28, 2021)

Revised forecast

35.00

65.00

Results for the year ended

30.00

March 31, 2022

Results for the year ended

30.00

30.00

60.00

March 31, 2021

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Tokyo Gas Co. Ltd. published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2021 05:10:02 UTC.