FOR IMMEDIATE RELEASE

Notice Concerning Change in Directors(including Representative Director)
Tokyo, May 15, 2024 --- Mitsubishi HC Capital Inc. (TSE, NSE: 8593, Representative
Director, President & CEO: Taiju Hisai, the “Company”) hereby announces the change
in directors including a Representative Director as below, in accordance with theresolution adopted at the meeting of the Board of Directors held today. These changes
are subject to receive formal approval at the 53rd Annual General Meeting ofShareholders scheduled for June 25, 2024 (the “June General Meeting”), and at themeeting of the Board of Directors following the June General Meeting.
-Description1. Change in Representative Director(1) Reason for the Change
Change in a representative director due to a change in directors(2) Details of the Change
Name

Aiichiro Matsunaga

New

Current

Representative Director,

Deputy President

Deputy President

Concurrently serves as

Concurrently serves as

Executive Officer

Executive Officer(3) Scheduled Date of the Change
June 25, 2024

- more --2-(4) Biography of Newly Appointed Representative Director
Name

Aiichiro Matsunaga

BirthdayMarch 14, 1963

Biography

April 1986

Joined Mitsubishi CorporationMay 2013

General Manager, Power Systems International
Dept., New Energy & Power Generation Div. ofMitsubishi Corporation

October 2013

General Manager, Power Systems International
Dept., New Energy & Power Generation Div. ofMitsubishi Corporation(Concurrently) Executive Vice President of Mitsubishi
Corporation Machinery, Inc.

March 2014

Global Environmental & Infrastructure BusinessGroup CEO Office of Mitsubishi Corporation

April 2014

President, Mitsubishi Corporation do Brasil, S.A., SaoPaulo(Concurrently) Deputy Regional CEO, Latin America
and the Caribbean(Concurrently) General Manager, Asuncion LiaisonOfficeApril 2017

Senior Vice President (Riji) of Mitsubishi Corporation
Regional CEO, Latin America and the Caribbean,
Sao Paulo, Brasil(Concurrently) President, Mitsubishi Corporation do
Brasil, S.A.
(Concurrently) General Manager, Asuncion LiaisonOffice

April 2018

Senior Vice President (Shikko-Yakuin) of Mitsubishi
Corporation
Regional CEO, Latin America and the Caribbean,
Sao Paulo, Brasil(Concurrently) President, Mitsubishi Corporation do
Brasil, S.A.
(Concurrently) General Manager, Asuncion Liaison
Office- more --3-April 2019

Executive Vice President,Group CEO, Industrial Infrastructure Group ofMitsubishi Corporation

April 2022

Executive Vice President,Group CEO, Power Solution Group, andPower & Retail DX Task Force Leader of
Mitsubishi Corporation

July 2022

Executive Vice President,Group CEO, Power Solution Group of
Mitsubishi Corporation

April 2024

Deputy President,
Concurrently serves as Executive Officerof the Company (incumbent)

Number of0 share (As of March 31, 2024)

theCompany’s
SharesOwned

2. Change in Directors(1) Directors (Excluding Directors who are Audit & Supervisory CommitteeMembers)(i) New Candidates (To be proposed at the June General Meeting)
Name

Aiichiro Matsunaga

New (Effective afterJune 25, 2024)

Current

Representative Director,

Deputy President

Deputy President

Concurrently serves as

Concurrently serves as

Executive Officer

Executive Officer
Kayoko Kawamura

Director (Outside)－Shota Kondo

Director (Outside)－* Incumbent of Ms. Kayoko Kawamura is Senior Director, Customer Experience, Executive
Officer of Teradata Japan, Ltd.
* Incumbent of Mr. Shota Kondo is Executive Vice President, Group CEO, Smart-Life
Creation Group of Mitsubishi Corporation.

- more --4-(ii) Reappointed Candidates (To be proposed at the June General Meeting)
Name
Takahiro Yanai

Current
Director, Chairman
Representative Director,Taiju HisaiPresident & CEO
Concurrently serves as Executive Officer
Director,Kazumi Anei

Deputy President
Concurrently serves as Executive Officer

Haruhiko SatoDirector, Managing Executive Officer

Yuri Sasaki

Director (Outside)(iii) Retiring (Effective June 25, 2024)
Name
Takuya Kuga

Current
Director (Outside)(2) Directors who are Audit & Supervisory Committee Members(i) New Candidate (To be proposed at the June General Meeting)Name

New (Effective afterCurrent

June 25, 2024)
Director,

Yoshitaka Shiba

Audit & Supervisory

AdvisorCommittee Member(ii) Reappointed Candidates (To be proposed at the June General Meeting)
NameHiroko Kaneko
Masayuki SaitoCurrent
Director (Outside),
Audit & Supervisory Committee Member
Director (Outside),
Audit & Supervisory Committee Member(iii) Retiring (Effective June 25, 2024)
NameAkira Hamamoto
Koichiro Hiraiwa

Current
Director,
Audit & Supervisory Committee Member
Director (Outside),
Audit & Supervisory Committee Member- more --5-(3) Change from Director who is not Audit & Supervisory Committee Member toDirector who is Audit & Supervisory Committee Member(i) Candidate (To be proposed at the June General Meeting)Name

New (Effective afterJune 25, 2024)

Current

Director (Outside),
Hiroyasu Nakata

Audit & Supervisory

Director (Outside)

Committee Member* Mr. Hiroyasu Nakata will retire from Director who is not Audit & Supervisory Committee
Member. He will be proposed as a new candidate for Director who is Audit & Supervisory
Committee Member at the June General Meeting.

- more --6-Appendix(Reference) Directors effective after the June General Meeting
1. Directors (Excluding Directors who are Audit & Supervisory Committee
Members) (8 persons)
Name

Position

Takahiro Yanai

Director, Chairman

Taiju Hisai

Representative Director*

Aiichiro Matsunaga

Representative Director*

Kazumi Anei

Director*

Haruhiko SatoDirector*

Yuri Sasaki

Director (Outside)

Note

Professor of Faculty of Economics,
Meiji Gakuin University
Senior Director, Customer Experience,

Kayoko Kawamura

Director (Outside)

Executive Officer ofTeradata Japan, Ltd.
Executive Vice President, Group CEO,

Shota Kondo

Director (Outside)

Smart-Life Creation Group ofMitsubishi Corporation* Directors who also serve as Executive Officers.

2. Directors (Audit & Supervisory Committee Members) (4persons)
Name

Position

NoteDirector,
Yoshitaka Shiba

Audit & Supervisory
Committee Member
Director (Outside),

Hiroyasu Nakata

Audit & Supervisory
Committee Member

Emeritus Professor of The University ofTokyoEmeritus Professor of Hitotsubashi
UniversityDirector (Outside),
Hiroko Kaneko

Audit & Supervisory
Committee Member
Director (Outside),

Masayuki Saito

Audit & Supervisory
Committee Member- more -Advisor of DIC Corporation

-7-

3. Comparison table of Directors, Current and Effective After the June
General Meeting (The shaded areas are the changes.)
Effective after June 25, 2024
Name

Position

Current
Independent

Takahiro Yanai Director, Chairman

Taiju Hisai

Aiichiro
Matsunaga(Newlyappointed)

Name

PositionIndependent

Takahiro Yanai Director, Chairman

Representative

Representative

Director,Director,

President & CEOTaiju Hisai

President & CEO

Concurrently serves

Concurrently serves

as Executive Officer

as Executive Officer

Representative

Director,Director,
Deputy President

Kazumi Anei

Concurrently serves

Deputy President
Concurrently serves
as Executive Officer

as Executive Officer
Director,

Kazumi Anei

Deputy President

Haruhiko Sato

Concurrently serves

Director, Managing
Executive Officer

as Executive Officer
Haruhiko Sato

Director, Managing
Executive Officer
Hiroyasu

Yuri Sasaki

Director (Outside)●Nakata

Director (Outside)●

Director (Outside)●(Retiring)
KayokoKawamura(NewlyDirector (Outside)●Yuri Sasaki

appointed)Shota Kondo(NewlyTakuya Kuga
Director (Outside)(Retiring)

appointed)- more -Director (Outside)

-8-

Yoshitaka
Shiba(Newlyappointed)
Hiroyasu
Nakata(Newlyappointed)

Director,Akira

Director,

Audit & Supervisory

Hamamoto

Audit & Supervisory

Committee Member(Retiring)Committee Member

Director (Outside),

Koichiro

Director (Outside),

Hiraiwa

Audit & Supervisory(Retiring)Committee Member

Audit & Supervisory●

Committee Member
Director (Outside),

Hiroko Kaneko Audit & Supervisory

Director (Outside),●Hiroko Kaneko Audit & Supervisory

Committee Member

Committee Member

Director (Outside),

Director (Outside),Masayuki Saito Audit & Supervisory●●Masayuki Saito Audit & Supervisory

Committee Member●●Committee Member

4. Biography of Newly Appointed Director Candidates(1) Kayoko Kawamura
Biography

April 1987

Joined IBM Japan, Ltd.

August 1999

Executive Assistant to the GM of Global Services, IBM
Asia Pacific and Japan

January 2006

Manager, Global Delivery Solution of IBM Japan, Ltd.

April 2008

Director, Head of Open System Development of IBM
Japan, Ltd.

July 2009

Director, Head of Financial Service Delivery Application Management Service Delivery of IBM
Japan, Ltd.

March 2010

Director (non-executive), Regional Bank Solution andServices Co.,Ltd. (until March 2015)
Director (non-executive), IBM Global Services Japan
Collaboration Solutions and Services Company (untilMarch 2015)- more --9-January 2012

Director, Head of Application Management Service
Delivery of IBM Japan, Ltd.

March 2012

Director (non-executive), D&I Information Systems
Inc. (until March 2015)
Director (non-executive), MLI Systems Inc.
(until March 2015)

July 2016

Director, Head of Sales, Technology Support Serviceof IBM Japan, Ltd.

January 2019

Director, Head of Business Consulting of Teradata
Japan, Ltd.

April 2021

Director, Head of Business Consulting,Executive Officer of Teradata Japan, Ltd.

July 2021

Senior Director, Customer Support Services,
Executive Officer of Teradata Japan, Ltd.

May 2023

Senior Director, Customer Experience, Executive
Officer of Teradata Japan, Ltd. (incumbent)(2) Shota Kondo
Biography

April 1991

Joined Mitsubishi CorporationMay 2013

General Manager, Russia Business Dept., Natural
Gas Business Div. of Mitsubishi Corporation

April 2016

General Manager, Shale Gas Business Dept., Natural
Gas Business Div. of Mitsubishi Corporation

April 2017

General Manager, Canada Oil & Gas Business Dept.,
Energy Resources Div. B of Mitsubishi Corporation

April 2019

General Manager, Houston Branch of Mitsubishi
Corporation (Americas)(Concurrently) General Manager, Houston Branch ofMitsubishi International Corporation

April 2020

General Manager, Natural Gas Group CEO Office ofMitsubishi Corporation

April 2021

Senior Vice President, General Manager, Natural Gas
Group CEO Office of Mitsubishi Corporation

April 2022

Senior Vice President, General Manager, Corporate
Strategy & Planning Dept. of Mitsubishi Corporation

April 2024

Executive Vice President, Group CEO, Smart-Life
Creation Group of Mitsubishi Corporation (incumbent)- more -- 10 -

(3) Yoshitaka Shiba
Biography

April 1986

Joined The Tokai Bank, Ltd. (currently MUFG Bank,Ltd.)May 2009

General Manager, Kibafukagawa Commercial Banking
Office of The Bank of Tokyo-Mitsubishi UFJ, Ltd.

May 2011

Deputy General Manager, Human Resources Division(Nagoya) of The Bank of Tokyo-Mitsubishi UFJ, Ltd.

June 2012

Executive Officer and General Manager, Credit
Division of The Bank of Tokyo-Mitsubishi UFJ, Ltd.

May 2014

Executive Officer and General Manager, Internal Audit& Credit Examination Division of The Bank of TokyoMitsubishi UFJ, Ltd.

May 2016

Managing Executive Officer, in charge of corporatebanking offices and branches in Central Region ofJapan of The Bank of Tokyo-Mitsubishi UFJ, Ltd.

July 2018

Managing Executive Officer, Regional Head,
Commercial Banking Offices and Branches in Central
Region of Japan of MUFG Bank, Ltd.

April 2020

Senior Managing Corporate Executive,Group CAO, andManaging Director, Head of Internal Audit Division ofMitsubishi UFJ Financial Group, Inc.

April 2024

Managing Executive Officer of Mitsubishi UFJ
Financial Group, Inc.

May 2024

Advisor of the Company(incumbent)(4) Hiroyasu Nakata
Biography

April 1977

Completed the legal apprentice course at the Legal
Training and Research Institute of the Supreme Courtof Japan Admitted to the bar (Daini Tokyo BarAssociation) (until March 1990)

April 1990

Associate Professor at Faculty of Law and Economics,
Chiba University

June 1993

Professor at Faculty of Law and Economics, ChibaUniversity

April 1995

Professor at Faculty of Law, Hitotsubashi University

April 1999

Professor of Graduate School of Law, Hitotsubashi
University- more -- 11 -April 2003

Trustee of Hitotsubashi University

April 2008

Professor at The University of Tokyo Graduate
Schools for Law and Politics and The University ofTokyo Faculty of Law

April 2015

Emeritus Professor of Hitotsubashi University

April 2017

Professor at Waseda Law School

June 2017

Emeritus Professor of The University of Tokyo

June 2018

Audit & Supervisory Board Member of Mitsubishi UFJ
Lease & Finance Company Limited (currently theCompany)

April 2021

Director of the Company(incumbent)###This news release is written in Japanese and translated into English. The Japanese text is the original
and the English text is for reference purposes. If there is any conflict or inconsistency between thesetwo texts, the Japanese text shall prevail.