This document is an English translation of a news release dated May 19, 2016 that was initially
issued in Japanese. The Japanese original should be considered as the primary version.

FOR IMMEDIATE RELEASE

Itochu Enex Co., Ltd.
Representative: Kenji Okada, Representative Director, President and CEO
Stock code: 8133, Tokyo Stock Exchange, 1st Section
Contact: Shunsuke Oba
General Manager, Corporate Communications Department
Tel: +81-3-6327-8003

Notice of Amendments to the Articles of Incorporation
Itochu Enex Co., Ltd. (“Enex”) hereby announces that Enex has resolved, at a meeting of its Boardof Directors held today, to submit a proposal to amend the Articles of Incorporation to the 56th
annual general meeting of shareholders scheduled to be held on June 22, 2016 as described below.

1. Reasons for proposal(1) The objectives in Article 2 will be expanded so that the Company will be able to diversify its
businesses.
(2) In response to the enactment of the Act for Partial Amendment of the Companies Act (Act
Number 90 of 2014), which went into force on May 1, 2015, it became possible forcompanies to enter into limited liability agreements with Directors who have no executiveresponsibilities and Corporate Auditors who are not Outside Corporate Auditors. To facilitate
the recruitment of appropriate personnel who can carry out their prospective duties, theCompany proposes to amend the terms of Article 20, Paragraph 2 (Exemption of Liability ofDirectors) and Article 27, Paragraph 2 (Exemption of Liability of Corporate Auditors) of its
Articles of Incorporation.
Each Corporate Auditor has given his/her consent to the amendment of Article 20, Paragraph
2 of the Articles of Incorporation.

2. Details of the amendments
The details of the changes are as follows:(Amended parts are underlined)
Current Articles of Incorporation

Proposed amendments

Article 2: (Purpose)
The purpose of the Company shall be to engage inthe following businesses.
1 – 25 (Article text omitted)(Newly established)

Article 2: (Purpose)
The purpose of the Company shall be to engage inthe following businesses.
1 – 25 (Unchanged)
26. Electronic telecommunications business andtelecommunications-related business in accordancewith the Telecommunications Business Act, as
well as leasing business and services that areancillary to these businesses.

26 – 40 (Article text omitted)
Article 20: (Exemption of Liability of Directors)(Article text omitted)(2) As long as there are good faith and no grossnegligence regarding the liabilities for the Outside
Directors as indicated under Article 423, Paragraph
1 of the Companies Act, the Company may enter
into contract with the Outside Directors that limits
liability to the extent permitted under the laws andregulations.

27 – 41 (Unchanged)
Article 20: (Exemption of Liability of Directors)(Unchanged)(2) As long as there are good faith and no grossnegligence regarding the liabilities for theDirectors (with the exception of others who are
Executive Directors, etc.) as indicated underArticle 423, Paragraph 1 of the Companies Act, theCompany may enter into contract with theDirectors that limits liability to the extent permitted
under the laws and regulations.
Article27: (Exemption of Liability of Corporate
Auditors)(Unchanged)(2) As long as there are good faith and no grossnegligence regarding the liabilities for theCorporate Auditors as indicated under Article 423,
Paragraph 1 of the Companies Act, the Company
may enter into contract with the Corporate
Auditors that limits liability to the extent permitted
under the laws and regulations.

Article27: (Exemption of Liability of Corporate
Auditors)(Article text omitted)(2) As long as there are good faith and no grossnegligence regarding the liabilities for the Outside
Corporate Auditors as indicated under Article 423,
Paragraph 1 of the Companies Act, the Company
may enter into contract with the Outside Corporate
Auditors that limits liability to the extent permitted
under the laws and regulations.

3. Schedule
Date of general meeting of shareholders for amendments to the Article of Incorporation:
June 22, 2016
Effective date of amendments to the Articles of Incorporation: June 22, 2016