As announced by Toshiba Corporation (the 'Company') in the disclosure material 'Announcement of Opinion of Scheduled Commencement of the Tender Offer to be Conducted by TBJH Inc. for the Company Shares' dated March 23, 2023 (the 'March 23 Disclosure Material') (TBJH Inc. has changed its corporate form from a Kabushiki-Kaisha to a Godo-Kaisha.), with respect to a tender offer by TBJH Inc. (the 'Tender Offeror') for the common shares of the Company (the 'Company Shares') (the 'Tender Offer' and series of transactions conducted by the Tender Offeror for the purpose to make the Tender Offeror become the sole shareholder of the Company and to have the Company privatized shall be hereinafter referred to as the 'Transaction'), the Company resolved, as its opinion at such time, at the Board of Directors' meeting held on that same date, to express an opinion supporting the Tender Offer were the Tender Offer to commence and to refrain from making a decision on whether or not to recommend that the shareholders tender their shares in the Tender Offer (the 'Original Opinion').

The Company continued to consider the appropriateness of the Original Opinion as to whether or not to recommend to the shareholders to tender their shares in the Tender Offer, on which the Company refrained from making a decision in the Original Opinion, in light of the purposes of the Transaction and any additional circumstances surrounding the Company which may have subsequently arisen. The Company hereby announces that the Company resolved, as its current opinion, at the Board of Directors' meeting held today, having considered the opinions of the Special Committee established by the Company (for details, please refer to 'ii. Company's Establishment of Independent Special Committee and Obtainment of Report from the Special Committee' of '6. Measures to Ensure Fairness of the Tender Offer Such as Measures to Ensure Fairness of the Tender Offer Price' of 'III. Details of, Grounds and Reasons for, Opinion of the Tender Offer' in the March 23 Disclosure Material), to revise the Original Opinion to: were the Tender Offer to commence, the Company supports the Tender Offer and recommends that the shareholders tender their shares in the Tender Offer (the 'Revised Opinion').

With respect to the commencement of the Tender Offer, procedures under the applicable Japanese and overseas competition laws and regulations and investment control laws and regulations, which are required for implementation of the Transaction are still in progress, and the Tender Offer has not yet commenced as of today. At the Board of Directors' meeting held today, it was also resolved that (i) during the period from today to the commencement of the Tender Offer, the Company will request the Special Committee to consider whether there are any changes in its opinions reported by the Special Committee to the Board of Directors as of today and if there are no changes, to make a statement to that effect, and if there are any changes, to state such changes and issue a further opinion, and (ii) upon considering such opinions of the Special Committee, the Company will again express an opinion on the Tender Offer at the time of the commencement of the Tender Offer.

This disclosure material may include statements concerning future prospects such as 'expect,' 'forecast,' 'intend,' 'plan,' 'be convinced,' and 'estimate,' including those concerning the future business of the Tender Offeror and other companies and entities. These statements are based on the current business prospects of the Tender Offeror and may change depending on future developments. The Tender Offeror is not obligated to update statements concerning future prospects to reflect actual business results or other various developments, changes to the conditions, or other related factors. This disclosure material includes 'forward-looking statements' as defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the 'U.S. Securities Exchange Act of 1934'). Actual results may be significantly different from the predictions expressly or impliedly indicated in such forward-looking statements, due to known or unknown risks, uncertainty, or other factors. The forward-looking statements included in this disclosure material were prepared based on the information held by the Tender Offeror as of the date hereof, and unless obligated by laws or regulations or the rules of a financial instruments exchange, the Tender Offeror or its affiliates are not obligated to update or revise the statements to reflect future incidents or situations.

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