December 18, 2020
Company name:
Representative:
Stock ticker code:

Makita Corporation
Munetoshi Goto, President, Representative Director
6586

Notice on Establishment of Nomination and Compensation Committee andTransition to a Company with an Audit and Supervisory Committee
Makita Corporation (hereinafter referred to as “Makita”) hereby announces that, at a meeting of the Board ofDirectors held today, Makita has resolved to establish a Nomination and Compensation Committee and, subject toapproval at the 109th Ordinary General Meeting of Shareholders to be held in June 2021, has resolved a policy oftransitioning from our current system of a Company with an Audit & Supervisory Board to a Company with an Audit &Supervisory Committee.
I. Establishment of Nomination and Compensation Committee(1) Purpose of establishing Nomination and Compensation Committee
Makita has decided to establish a Nomination and Compensation Committee for the purpose of ensuring
objectivity, transparency, and fairness in procedures relating to nomination, etc. and compensation, etc. ofDirectors, etc., and further enhancing its corporate governance system by obtaining the appropriate involvement
and advice of Independent Outside Directors.
(2) Role of Nomination and Compensation Committee
The Nomination and Compensation Committee, upon consultation or delegation by the Board of Directors,
deliberates on the following matters, mainly concerning the nomination, etc. and compensation, etc. of Directors,etc., and reports to the Board of Directors or makes decisions.
(i) Matters to be consulted1) Matters concerning the appointment and dismissal of Directors and Corporate Officers, etc.
2) Matters concerning the appointment and removal of Representative Directors3) Policy on nomination of Representative Directors, Directors, Corporate Officers, etc.
4) Matters concerning the succession plan for the President5) Policies concerning decisions on the content of compensation, etc. for individual Directors andCorporate Officers, etc.
6) Other matters for which the Board of Directors has consulted as deemed necessary(ii) Matters to be delegated1) Determination of content of compensation, etc. for individual Directors and Corporate Officers, etc.
2) Determination of other matters for which the Board of Directors has delegated as deemed necessary(3) Composition of the Nomination and Compensation Committee
The Nomination and Compensation Committee shall be composed of three or more Directors selected by aresolution of the Board of Directors, and at least half of them shall be Independent Outside Directors. TheChairman shall be selected from among Independent Outside Directors by a resolution of the Nomination andCompensation Committee.
(4) Date of establishment
December 18, 2020

English Translation of press release originally issued in Japanese1II. Transition to a Company with Audit & Supervisory Committee(1) Purpose of the transition to a Company with Audit & Supervisory Committee
Makita has strengthened the supervisory function of the Board of Directors by appointing multiple Independent
Outside Directors. With the aim of further strengthening the supervisory function of the Board of Directors andfurther enhancing the corporate governance system by having Audit & Supervisory Committee Members in chargeof auditing, etc. the execution of duties by Directors as members of the Board of Directors with voting rights,
Makita has decided on transition to a Company with an Audit & Supervisory Committee.
(2) Timing of transition to a Company with an Audit & Supervisory Committee
At the 109th Ordinary General Meeting of Shareholders to be held in June 2021, Makita plans to make thetransition to a Company with an Audit & Supervisory Committee after obtaining approval for amendments to theArticles of Incorporation necessary for the transition.
(3) Others
Details of the amendment to the Articles of Incorporation and the personnel affairs, etc. of the officers associatedwith the transition will be announced as soon as they are determined.

English Translation of press release originally issued in Japanese2