March 3, 2023
To whom it may concern,
Name of company:

Toyobo Co., Ltd.

Name of representative:

Ikuo Takeuchi,President & Representative Director(Stock code: 3101, Prime Market of the Tokyo Stock Exchange)
Contact:

Hidekazu Takahashi, General Manager,
Finance Department(TEL +81-6-6348-3137)

Notice of Determination of Terms and Conditions of Sustainability-Linked Bonds
Toyobo Co., Ltd. (“Toyobo,” hereafter) hereby announces that it decided today (March 3, 2023) the terms andconditions of Toyobo Co., Ltd. 44th unsecured straight bonds (with limited inter-bond pari passu clause)(Sustainability-Linked Bonds) announced on February 10, 2023.
1. Outline of Sustainability-Linked Bonds(1) Name of the bonds

Toyobo Co., Ltd. 44th unsecured straight bonds (withlimited inter-bond pari passu clause)(Sustainability-Linked Bonds)(2) Issuance amount20.0 billion yen(3) Amount of each bond

100 million yen(4) Application of the Act on Transfer of Bonds, etc.

The bonds are subject to application of the provisionof the Act on Transfer of Bonds and Shares, etc.

(5) Interest rate

0.634%/year(6) Paid-in amount100 yen for 100 yen of the amount of each bond(7) Maturity amount

100 yen for 100 yen of the amount of each bond(8) Paid-in date

March 9, 2023

(9) Maturity date

March 9, 2028

(10) Plan of distribution

Public offering(11) Guarantees

There are no securities or guarantees on the bonds
and there are no assets especially withheld for thebonds.

(12) Financial special terms

Negative Pledge is subjected.

(13) Interest payment date

The 9th of March and September of every year
(First date of interest payment: September 9, 2023)(14) Acquired rating

Japan Credit Rating Agency, Ltd. / A(15) Underwriters

Mizuho Securities Co., Ltd.
Nomura Securities Co., Ltd.
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
SMBC Nikko Securities Inc.

(16) The subscription handling office

Underwriters’ headquarters and branches in Japan(17) Fiscal agent

Mizuho Bank, Ltd.

(18) Transfer agent

Japan Securities Depository Center, Incorporated(19) KPI

1) Ratio of reduction of Scope 1 and 2 GHG emission
intensity to net sales of Toyobo Group2) CDP score (climate change response)(20) SPTs

1) Ratio of reduction of GHG emission intensity tonet sales in FY 3/27 (compared with the base fiscal
year FY 3/21): 28.5%
2) CDP score (climate change response) of “A-” orhigher in FY 3/27

(21) Date for judging SPTs

The final day of October 2027

(22) Characteristics of the bonds

In the event that neither SPT 1) nor SPT 2) areachieved by the judgment date, Toyobo will purchaseemission credits (credit/bond for the value of CO2
reduction) equivalent to 0.1% of the amount of issued
bonds by the redemption of the bonds. In the eventthat Toyobo is unable to select the option ofpurchasing emission credits due to the occurrence ofan inevitable matter, etc. (changes to provisions of
the trading system, etc.), it will donate to qualified
charities (public interest incorporated association,
public interest incorporated foundation, international
institution, local government authorized NPO, local
government or equivalent organization for thepurpose of environmental conservation activities).
The emission credit purchase amount or donation
amount will be equivalent to 0.07% of the amount ofissued bonds if only SPT 1) is not achieved, andequivalent to 0.03% of the amount of issued bonds if
only SPT 2) is not achieved.

(23) External evaluation

Toyobo obtained a third party opinion from theindependent external institution Japan Credit Rating
Agency, Ltd. regarding confirmation that these bonds
conform with the Sustainability-Linked Bond
Principles set by the International Capital Market
Association (ICMA) and the Sustainability-Linked
Bond Guidelines set by the Ministry of theEnvironment.

2. Investors that announced their investments
Please see the following investors that have announced their investments in the Sustainability-Linked Bonds(in the order of Japanese syllabary)
JA Aichi－Kita
Asset Management One Co., Ltd.
Iizuka Shinkin Bank
Ishikawa Credit Federations of Agricultural Cooperatives
Ichinoseki Shinkin BankThe Ibaraki-ken Credit Cooperative
Ibaraki Prefectural Credit Federations of Agricultural Cooperatives
The Osaka Shinkin Bank
The Kyoto Chuo Shinkin Bank
THE BANK OF KOCHI, LTD.
THE SAIKYO BANK,LTD
Shizuoka Prefectural Credit Federation of Agricultural Cooperatives
Shibata Shinkin BankSHOWA SHINKIN BANKThe Sugamo Shinkin Bank
Sekishinkin Bank
Seto Shinkin Bank
Daitokyo Shinkumi Credit Cooperative
Takanabe Shinkin BankTONO SHINKIN BANKThe Toho Bank, Ltd
The First Bank of Toyama,Ltd.
Nakanogou Credit Cooperative
Nagano Shinkin Bank
Nakahyogo Shinkin Bank
Nissay Asset Management Corporation
NIHON DENGI CO.,LTD.
THE NUMAZU SHINKIN BANKTHE HACHIJUNI BANK,LTD.
THE FUKUOKA CHUO BANK,LTD.
North Pacific Bank,Ltd
Mitsui Sumitomo Insurance Company, Limited
Mitsui Direct General Insurance Company, Limited
Midori Life Insurance Co., Ltd.
Meiji Yasuda Life Insurance Company
Momiji Bank,Ltd.
The Yamaguchi Bank,Ltd.
The Yamanashi Chuo Bank, Ltd.
LIFENET INSURANCE COMPANY