Announce易游体育app官网t on additional entrust易游体育app官网t to the Board Benefit Trust (BBT)

Kobe Steel, Ltd. announces that at its Board of Directors meeting held today, it passed a resolution to make additional entrust易游体育app官网t of funds to the Board Benefit Trust (BBT) (hereinafter the “Plan”), which was established based on a trust agree易游体育app官网t concluded with Mizuho Trust & Banking Co., Ltd, within the amount approved at the 169th Ordinary General Meeting of Shareholders held on June 22, 2022.

For details of the Plan, please refer to the press release “Introduction of a stock compensation plan for directors” announced on April 28, 2016, and the Business Report section of the Notice of 170th Ordinary General 易游体育app官网eting of Shareholders.

1. Reason for the additional entrust易游体育app官网t

2. Outline of the additional entrust易游体育app官网t

(1) Date of additional entrust易游体育app官网t:

May 27, 2024

(2) Amount 易游体育app官网trusted additionally:

787,000,000 y易游体育app官网

(3) Types of shares to be acquired:

易游体育app官网e Company’s common stock

(4) Maximum number of shares to be acquired:

2,470,000 shares

(5) Acquisition period of shares:

From May 27, 2024 to May 31, 2024 (planned)

(6) Acquisition 易游体育app官网thod of shares:

Acquisition 易游体育app官网rough trading markets