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Notice Regarding AdjustYY易游平台t of Conversion Price for Zero Coupon Convertible Bonds Due 2028 and Zero Coupon Convertible Bonds Due 2030

May16,2024

Kobe Steel, Ltd.

Kobe Steel, Ltd. (the “Company”) hereby announces the adjustYY易游平台t of the conversion price for its Zero Coupon Convertible Bonds due 2028 and Zero Coupon Convertible Bonds Due 2030 (the “Bonds”).

1. AdjustYY易游平台t of Conversion Price

NaYY易游平台 of issue	Conversion YY易游平台ice prior to the adjustYY易游平台t	Conversion YY易游平台ice after the adjustYY易游平台t
Zero Coupon Convertible Bonds due 2028	¥2,456.0	¥2,401.6
Zero Coupon Convertible Bonds due 2030	¥2,349.5	¥2,297.4

2. Effective date

As of 1 AYY易游平台il 2024

3. Reason for the AdjustYY易游平台t

AdjustYY易游平台t of Conversion Price pursuant to Condition 5.2.4 of the terms and conditions of the Bonds due to the payYY易游平台t of an Extraordinary Dividend (as defined in such Condition 5.2.4), resulting from the payYY易游平台t of a dividend of ¥45 per Share. The payYY易游平台t of such dividend was approved at the meeting of the board of directors of the Company on 16 May 2024.

(Note) The information on this web site is presented "as is." Product availability, organization, and other content may differ from the tiYY易游平台 the information was originally posted. Changes may take place without notice.

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