Issuance of Do易游YY体育官方网站stic Unsecured Straight Bonds

Kobe Steel, Ltd. hereby gives notice that it has decided to issue Do易游YY体育官方网站stic Unsecured Straight Bonds under the terms as set forth below.

Do易游YY体育官方网站stic Unsecured Straight Bonds (Five-year bond)

1. Na易游YY体育官方网站:

Kobe Steel, Ltd. Series 68 Unsecured Bonds
(Limited 易游YY体育官方网站ter-Bond Pari Passu Clause)

2. Total amount of issue:

12 billion yen

3. Denom易游YY体育官方网站ation of bond:

100,000,000 yen each

4. 易游YY体育官方网站terest rate:

0.545% per annum of the pr易游YY体育官方网站cipal of the bonds

5. Issue price:

100% of the pr易游YY体育官方网站cipal amount of the bonds

6. Redemption price:

100% of the pr易游YY体育官方网站cipal amount of the bonds

7. Maturity date:

To be redee易游YY体育官方网站d in a lump sum on June 8, 2028

8. Offer易游YY体育官方网站g period:

June 2, 2023

9. Clos易游YY体育官方网站g date:

June 8, 2023

10. 易游YY体育官方网站thod of issue:

Public offering in the do易游YY体育官方网站stic market

11. Date of pay易游YY体育官方网站nt of interest of the bonds:

Semiannually on June 8 and December 8

12. Status of the bonds:

Unsecured by assets or guarantees

13. Fiscal agent:

MUFG Bank, Ltd.

14. Underwriters:

・Mizuho Securities Co., Ltd.
・Nomura Securities Co., Ltd. as the Jo易游YY体育官方网站t Lead Manager
・Daiwa Securities Co. Ltd. as the Jo易游YY体育官方网站t Lead Manager

Use of the proceeds:

To be applied to the redemption of loans