Note : This document has been translated from the Japanese original for reference purposes only. In the event ofany discrepancy between this translation and the Japanese original, the Japanese original shall prevail.
Ishihara Sangyo Kaisha, Ltd. is not responsible for the accuracy or completeness of the translation.

Notice of Results of Exercise of Voting rights
at the 96th Ordinary General Meeting of Shareholders（1）Date on which the Ordinary General Meeting of Shareholders was held
June27, 2019（2）Detail of the Matters to be resolved
Proposal No. 1: Appropriation of Surplus
12 yen per share of common stock of the Company
Total: 479,585,880 yen
Proposal No. 2: Election of Five (5) Directors
This proposal was approved and adopted as originally proposed.
Messers. Teruaki Matsue, Yasunobu Kawazoe, Hideo Takahashi, Hiroshi
Katsumata and Tatsuo Hanazawa were elected as Directors, and all of themassumed their offices.
Proposal No. 3: Election of Four (4) Audit & Supervisory Board Members
This proposal was approved and adopted as originally proposed.
Messers. Taizo Kato, Michiyoshi Arata, Yoshitaka Akikuni, and Masaaki Harima
were elected as Audit & Supervisory Board Members, and all of them assumed
their offices.
Proposal No. 4: Election of One (1) Substitute Audit & Supervisory Board Member
This proposal was approved and adopted as originally proposed.
Mr. Yasuhiro Koike was elected as Substitute Audit & Supervisory Board Member.
（3）Number of exercise of voting rights by approval, disapproval and abstention for the mattersto be resolved, requirements for the resolution to be approved and the results of theresolution
Matters to be Resolved
Proposal No. 1:
Appropriation of Surplus

Approved Disapproved Abstained
306,8661,11632

Rate ofApproval

Approval(%) Requirements
99.63（Note）

Proposal No. 2:
Election of Four (5) Directors

Results
Approved
Approved

Mr. Teruaki Matsue

304,1213,880

3298.74

Approved

Mr. Yasunobu Kawazoe

304,489

3,512

32

98.86

Approved

Mr. Hideo Takahashi

304,531

3,470

32

98.87

Mr. Hiroshi Katsumata

306,466

1,535

32

99.50

Approved

Mr. Tatsuo Hanazawa

306,628

1,373

32

99.55

Approved

1（Note）

Approved

Matters to be Resolved

Approved Disapproved Abstained

Rate ofApproval

Approval(%) Requirements

Proposal No. 3:
Election of Four (4) Audit &Supervisory Board Members

Approved

Mr. Taizo Kato

303,940

4,052

32

98.68

Mr. Michiyoshi Arata

295,499

12,49332

95.94

Mr. Yoshitaka Akikuni

191,701

116,28932

62.24

251,12256,87032

81.53

Mr. Masaaki Harima
Proposal No. 4:
Election of One (1) Substitute
Audit & Supervisory BoardMember
Mr.Yasuhiro Koike

Results

Approved（Note）

Approved
Approved
Approved
Approved

255,02253,18632

82.80（Note）

Approved(Note)
The attendance of shareholders holding one-third or more of the voting rights ofshareholders who are entitled to exercise their voting rights at the Meeting, and amajority of the approved voting rights of shareholders presented at the Meeting andexercised voting rights, are required.
(4) Reason why some of the voting rights exercised by the shareholders who attended theGeneral Meeting of Shareholders were not added to the calculation
The aggregate number of voting rights exercised prior to the General Shareholders’Meeting and the voting rights, which were confirmed by certain shareholders present at
the General Shareholders’ Meeting to represent approval or disapproval of each matter tobe resolved, were sufficient to meet the requirements for approval of each matter for
resolution in accordance with provisions set out in the Companies Act of Japan.
Accordingly, voting rights which were held by the shareholders present at the General
Shareholders’ Meeting but for which approval or disapproval of each matter for resolution
could not be confirmed, were not included in the calculation.

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