June 28, 2024
Shareholders
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MITSUBA Corporation
Sadami Hino, Representative Director, President
7280 (Tokyo Stock Exchange Prime Market)
Koji Ogino, General Manager of Accounting and Finance Department
0277-52-0113

Notice on Completion of Acquisition and Retirement of Existing Class Shares, Completion of Payment forClass Shares through Third-Party Allotment, and Effectiveness of Reduction of Share Capital and Capital
Reserve
MITSUBA Corporation hereby informs you that, regarding the announcement titled “Notice on Acquisition andRetirement of Existing Class Shares, Issuance of Class Shares Through Third-Party Allotment, Partial Amendments to theArticles of Incorporation, Reduction of Share Capital and Capital Reserve, and Refinancing of Current Borrowings bySyndicated Loans” dated May 10, 2024 (including correction dated May 16, 2024), the Company completed [1] theacquisition and retirement of Class-A shares and Class-C shares (collectively, “Existing Class Shares”) and [2] the payment
procedure today for issuing Class-D shares through a third-party allotment (“Share Capital Increase through Third-PartyAllotment”), and that [3] the reduction in share capital and capital reserve, which was subject to the condition precedent thatpayments are made for the Class-D shares (“Reduction in Share Capital, etc.”), became effective, as described below.

I.

Acquisition and retirement of existing class shares

1.

Details of acquisition[1] Class-A shares(1). Number of shares to be acquired

10,000 shares(2). Details of price of shares to be acquired

Cash(3). Per-share acquisition price

1,254,630.10 yen(Note) The above acquisition price was calculated by multiplying 1 million yen paid per share at the timeof issuance by a redemption factor of 1.24 and by adding to it an accrued dividend (an amount equivalent
to a Class-A share dividend as calculated in accordance with Article 11-2, Paragraph 2 of the Articles ofIncorporation, assuming that class share dividend is paid in the business year containing the acquisition datewith the acquisition date as the record date).
(4). Total amount of share acquisition

12,546,301,000 yen(5). Date of acquisition

June 28, 2024

(6). Acquirer:

Japan Industrial Solutions Fund II[2] Class-C share(1). Number of shares to be acquired

5,000 shares(2). Details of price of share to be acquired

Cash(3). Per-share acquisition price

1,510,000 yen(Note) The above acquisition price is one determined by multiplying 1 million yen paid per share at the timeof issuance by a redemption factor of 1.51.

2.

(4). Total amount of share acquisition

7,550,000,000 yen(5). Date of acquisition

June 28, 2024

(6). Acquirer

Japan Industrial Solutions Fund II

Details of retirement1[1] Class-A shares(1). Number of shares to be retired

10,000 shares(2). Effective date of retirement

June 28, 2024

[2] Class-C shares(1). Number of shares to be retired

5,000 shares(2). Effective date of retirement

June 28, 2024

Capital Increase Through Third-Party Allotment
1. Overview of issuance(1)

Payment dateJune 28, 2024

(2)

Number of new shares tobe issued

Class-D share: 200 shares(3)

Issue price50,000,000 yen per share(4)

Amount of proceeds

10,000,000,000 yen(5)Increase in share capital

Share capital

5,000,000,000 yen (25,000,000 yen per share)

and capital reserve

Capital reserve

5,000,000,000 yen (25,000,000 yen per share)(6)

Method of offering orallotment

The following allotment was made to the following allottees by way of a third-partyallotment.
Development Bank of Japan Inc.: 100 shares(Allottees)

The Bank of Yokohama, Ltd.: 100 shares

2. Trend in the number of issued shares and the amount of share capital through third-party allotment
Total number of issued shares

Total number of issued Class-D(common shares)

shares

BeforeissuanceAfterissuance

Amount of share capital (Note)

44,755,768 shares

0 shares5,000,000,000 yen

44,755,768 shares

200 shares

10,000,000,000 yen(Note) As described in section III below, the reduction in share capital, which was subject to the condition precedent thatpayments are made for Class-D shares, became effective. However, the above amount of share capital before issuance
represents the amount before the reduction in share capital became effective.
III. Reduction in share capital
1.

Reduction in share capital and increase in other capital surplus
Pursuant to the provisions of Article 447, Paragraphs 1 and 3 of the Companies Act, the Company reduced sharecapital by 5,000,000,000 yen and transferred the entire amount to “Other capital surplus.”

2.

Reduction in capital reserve and increase in other capital surplus
Pursuant to the provisions of Article 448, Paragraphs 1 and 3 of the Companies Act, the Company reduced capitalreserve by 5,000,000,000 yen and transferred the entire amount to “Other capital surplus.”2