(TRANSLATION)SHARE HANDLING REGULATIONSMAKITA CORPORATION

(TRANSLATION)SHARE HANDLING REGULATIONSOF
MAKITA CORPORATION(Kabushiki Kaisha Makita)

CHAPTER I
GENERAL PROVISIONS
Article 1.

(Purpose)

The handling business relating to procedures for exercise of the rights ofshareholders and to other matters with respect to shares of the Company, andcharges therefor shall be governed by the rules established by Japan
Securities Depository Center, Inc. (“JASDEC”), a book-entry transfer clearing
institution, and by account management institutions, such as securities
companies (the “Account Management Institutions”) at which shareholders
have their own transfer account, as well as by these Regulations pursuant tothe Articles of Incorporation of the Company.
Article 2.

(Transfer Agent)

The Transfer Agent of the Company and the handling office of theTransfer Agent shall be as follows:
Transfer Agent:

Sumitomo Mitsui Trust Bank, Limited
4-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo

Handling office:

Sumitomo Mitsui Trust Bank, Limited
Stock Transfer Agency Department
15-33, Sakae 3-chome, Naka-ku, Nagoya City

CHAPTER IIDIGITAL ENTRY IN REGISTER OF SHAREHOLDERS
Article 3.
(1)(Digital Entry in Register of Shareholders)
Any change of the matters recorded in the register of shareholders
shall be made in accordance with notices given by JASDEC, such asa notice concerning all shareholders (excluding the notice (the“Individual Shareholder Notice”) provided for in Article 154,
Paragraph 3 of the Law Concerning Book-entry Transfer ofCorporate Bonds, Stocks, etc. (the “Clearing Law”)).

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(2)

In addition to the provisions of the immediately preceding
paragraph, in the case of issuance of new shares or in any othercase provided for by laws or ordinances, a digital entry or change ofthe matters recorded in the register of shareholders shall be madewithout notice from JASDEC.

(3)

Any digital entry in the register of shareholders shall be made using
the characters and/or symbols designated by JASDEC.

Article 4.

(Reports regarding
Shareholders)theMatters

RecordedinRegisterofShareholders shall report the name or the trade name, and the addressof the shareholders through the Account Management Institutions and
JASDEC pursuant to the rules established by JASDEC. The same shallapply in the case of any change thereof.
Article 5.

(Representative of Corporation)

If a shareholder is a corporation, the name of one (1) representative ofsuch corporation shall be reported through the Account ManagementInstitutions and JASDEC pursuant to the rules established by JASDEC. Thesame shall apply in the case of any change thereof.
Article 6.

(Representative of Jointly Owned Shares)

Shareholders who own shares jointly shall designate one (1)representative, and report the name or the trade name, and the address ofsuch representative through the Account Management Institutions andJASDEC pursuant to the rules established by JASDEC. The same shallapply in the case of any change thereof.
Article 7.

(Legal Representative)

A legal representative of a shareholder such as a person having parental
authority or a guardian shall report the name or the trade name, and theaddress of such legal representative through the Account Management
Institutions and JASDEC pursuant to the rules established by JASDEC. The
same shall apply in the case of any change or removal thereof.
Article 8.

(Report of Mailing Address or Proxy by Nonresident Shareholders)(1)

A shareholder or his/her legal representative who is residing in aforeign country shall either appoint a standing proxy who resides inJapan or designate a mailing address in Japan.

(2)

The name or the trade name, and the address of a standing proxy ora mailing address in Japan as referred to in the immediately
preceding paragraph shall be reported through the AccountManagement Institutions and JASDEC pursuant to the rules
established by JASDEC. The same shall apply in the case of any
change or removal thereof.
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Article 9.

(Method of Identification through JASDEC)

Reports that are submitted to the Company from a shareholder throughthe Account Management Institutions and JASDEC shall be deemed to havebeen submitted by such shareholder himself/herself.
Article 10. (Registered Stock Pledgees)
The provisions of this Chapter shall apply mutatis mutandis to registeredstock pledgees.

CHAPTER III
IDENTIFICATION OF SHAREHOLDERS
Article 11. (Identification of Shareholders)(1)

In the event that a shareholder (including a shareholder who
provided the Individual Shareholder Notice) makes requests or
exercises any other rights entitled to shareholders (the “Requests,Etc.”), such shareholder shall submit or provide a documentcertifying that such Requests, Etc. were made by such shareholder
himself/herself (the “Identification Document”), except where theCompany is able to confirm that such Requests, Etc. are made bysuch shareholder himself/herself.

(2)

In the event that the Requests, Etc. are made by a shareholder tothe Company through the Account Management Institutions andJASDEC, such Requests, Etc. shall be deemed to have been madeby such shareholder himself/herself and the Identification
Document is not required.

(3)

In the event that the Requests, Etc. are made by a proxy, therelevant shareholder shall, in addition to the procedures referred toin Paragraphs (1) and (2) of this Article, submit a power of attorneyon which the shareholder has signed or affixed his/her printedname and seal. The name or the trade name, and the address ofthe proxy shall be described in the power of attorney.

(4)

The provisions of Paragraphs (1) and (2) of this Article shall apply
mutatis mutandis to a proxy.

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CHAPTER IV
REQUESTS FOR DELIVERY OF DOCUMENTS CONTAINING MATTERS
PROVIDED BY ELECTRONIC MEANSArticle 12. (Request for Delivery of Documents and Objection Notice)
A request for delivery of reference documents for a shareholders’ meetingor other related documents containing matters provided by electronic means
as prescribed in Article 325-5, Paragraph (1) of the Companies Act (hereinafterreferred to as a “Request for Delivery of Documents”) and an objection noticeas prescribed in Paragraph (5) of the said article shall be made in writing.
Provided, however, that the means of making a Request for Delivery ofDocuments through the Securities Companies and JASDEC shall be asotherwise specified by the Securities Companies and JASDEC.

CHAPTER V
PROCEDURES FOR EXERCISE OF MINORITY SHAREHOLDERS’ RIGHTS,ETC.
Article 13. (Procedures for Exercise of Minority Shareholders’ Rights, Etc.)
In the event that a shareholder directly exercises against the Company
the minority shareholders’ rights, etc. provided for in Article 147, Paragraph 4of the Clearing Law, the shareholder shall exercise such rights upon (i)providing the Individual Shareholder Notice and (ii) submitting to theCompany a document affixed with his/her signature, or printed name andseal thereon.

CHAPTER VI
PURCHASE OF SHARES CONSTITUTING LESS THAN A FULL UNIT
Article 14. (Method of Request for Purchase of Shares Constituting Less Thana Full Unit)
In the event that a request for purchase of shares constituting less than afull unit is made, such request shall be made through the AccountManagement Institutions and JASDEC pursuant to the rules established byJASDEC.

-4-Article 15. (Determination of Purchase Price)(1)

The purchase price per share for which a request for purchase ismade shall be the last reported selling price per share on the market
opened at the Tokyo Stock Exchange on the day on which such
request for purchase arrives at the handling office of the Transfer
Agent referred to in Article 2 hereof; provided, however, that if nosale of shares is made on such day at the Tokyo Stock Exchange or
if no trading is made thereat on that day, the first reported selling
price per share at the Tokyo Stock Exchange after that day shall be
the purchase price per share.

(2)

The purchase price shall be the amount obtained by multiplying thepurchase price per share referred to in the immediately preceding
paragraph by the number of shares being requested for purchase.

Article 16. (Payment of Purchase Price)(1)

The amount obtained by deducting the handling charges referred toin Article 25 hereof from the purchase price calculated pursuant to
the immediately preceding article shall be paid by the Company
pursuant to the rules established by JASDEC, unless the Company
determines otherwise, on the fourth business day from the day
following the day on which the purchase price per share is fixed;
provided, however, that if the purchase price reflects the right toreceive dividends from surplus or stock split, etc., such paymentshall be made not later than the relevant record date.

(2)

The shareholder who makes a request for purchase may requestthat such payment be made by way of transfer to a bank accountdesignated by him/her, or by cash payment through Japan Post
Bank Co., Ltd.

Article 17. (Transfer of Purchased Shares)
Shares constituting less than a full unit for which a request for purchaseis made shall be transferred to the transfer account of the Company on the dayon which the payment or the procedures for the payment of the purchase pricepursuant to the immediately preceding article is or are completed.

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SALE OF SHARES CONSTITUTING LESS THAN A FULL UNIT
Article 18. (Method of Request for Sale of Shares Constituting Less Than aFull Unit)
In the event that a shareholder holding shares constituting less than afull unit requests the Company to sell to the shareholder an amount of shares
which will, when added together with the shares then held by the shareholder
constituting less than a full unit, constitute a full unit of shares (the “Requestfor Sale”), such Request for Sale shall be made through the AccountManagement Institutions and JASDEC pursuant to the rules established byJASDEC.
Article 19. (Request for Sale Exceeding Balance of Treasury Stock)
In the event that the aggregate number of shares for which the Requestfor Sale is made on the same day exceeds the number of shares reserved by
the Company for the Request for Sale (excluding the number of shares
reserved by the Company for a particular purpose), no Request for Sale madeon such date shall become effective.
Article 20. (Effective Date of Request for Sale)
The Request for Sale shall become effective on the day on which theRequest for Sale arrives at the handling office of the Transfer Agent referred toin Article 2 hereof.
Article 21. (Determination of Sale Price)(1)

The sale price per share for shares for which the Request for Sale ismade shall be the last reported selling price per share on the market
opened at the Tokyo Stock Exchange on the effective date of theRequest for Sale; provided however, that if no sale of shares is madeon such day at the Tokyo Stock Exchange or if no trading is madethereat on that day, the first reported selling price per share at theTokyo Stock Exchange after that day shall be the sale price pershare.

(2)

The sale price shall be the amount obtained by multiplying the saleprice per share referred to in the immediately preceding paragraphby the number of shares for which the Request for Sale is made.

-6-Article 22. (Transfer of Sold Shares)
Application for the transfer of shares in the number equivalent to thenumber of shares for which the Request for Sale is made to the transfer
account of the shareholder who made such Request for Sale shall be made on
the day on which it is confirmed that the amount of the sale price together
with the amount of the handling charges provided for in Article 25 hereof has
been remitted to the bank account designated by the Company, through theAccount Management Institutions pursuant to the rules established byJASDEC.
Article 23. (Suspension Period in respect of Request for Sale)(1)

The Company shall suspend acceptance of the Request for Sale,during the period from ten (10) business days before any of thefollowing dates up to the relevant date, every year:
(a)
(b)
(c)

(2)

March 31;
September 30; andAny other date such as the determination date in respectof shareholders designated by JASDEC.

Notwithstanding the immediately preceding paragraph, theCompany may establish an additional suspension period in respectof the Request for Sale any time when it deems necessary.

CHAPTER VIII
EXCEPTIONS IN RESPECT OF SPECIAL ACCOUNTArticle 24. (Exceptions in respect of Special Account)
Identification of the shareholder for whom a special account is opened
and any other handling business regarding such special account shall begoverned by the rules established by account management institutions forsuch special account as well as by the rules established by JASDEC.

-7-CHAPTER IXHANDLING CHARGES
Article 25. (Handling Charges)
Handling charges regarding a request for purchase of shares constituting
less than a full unit as set forth in Article 14 and the request for sale of sharesconstituting less than a full unit set forth in Article 18 shall be as follows:
The amount determined pursuant to Article 25 hereof shall be theamount determined by calculating the amount per unit based on thefollowing formula, and then dividing such amount in proportion to thenumber of shares constituting less than a full unit purchased or sold.
(Formula)
Out of the aggregate amount obtained by multiplying the purchase priceper share under Article 15 or the sale price per share under Article 21
hereof by the number of shares constituting a full unit, the handlingcharges per unit shall be as follows:
Any amount being not more than one million yen (¥1,000,000):

1.150%

Any amount being more than one million yen (¥1,000,000) but not
more than five million yen (¥5,000,000):
0.900%
Any amount being more than five million yen (¥5,000,000) but not
more than ten million yen (¥10,000,000):0.700%
Any amount being more than ten million yen (¥10,000,000) but not morethan thirty million yen (¥30,000,000):
0.575%
Any amount being more than thirty million yen (¥30,000,000) but not
more than fifty million yen (¥50,000,000):
0.375%(Any fraction less than one yen (¥1) resulting from the calculation
above shall be rounded down.)
Provided, however, that if the amount per unit obtained by thecalculation above is less than two thousand five hundred yen (¥2,500),
the handling charges per unit shall be two thousand five hundred yen(¥2,500).
Supplementary Provisions
These Regulations shall come into force on September 1, 2022.

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