February 9, 2024
For Immediate Release
Company Name
Representative

Kurita Water Industries Ltd.
Hirohiko Ejiri
Director, President and Representative Executive Officer(Securities code: 6370, Tokyo Stock Exchange Prime Market)
Contact
Makoto Touryuudani
General Manager of General Affairs andRisk Management Department（TEL+81-3-6743-5068 )Announcement of Changes to Stock Compensation Plan for Officers
Kurita Water Industries Ltd. (hereinafter "the Company") announces that a meeting of its Compensation Committee heldon February 9, 2024 resolved to change the stock compensation plan ("the Plan") utilizing a trust service for Directors(excluding External Directors and Full-time Directors who are Members of the Audit Committee), Executive Officers andCorporate Officers of the Company, and certain Directors, etc. of major domestic subsidiaries of the Kurita Group (excludingExternal Directors; hereinafter collectively “the Directors, etc.”). Details are as follows.

1. Changes to the Plan
To motivate Directors (excluding External Directors) to strive harder to accomplish their performance goals and help
them share the benefits and risks of stock price fluctuations with shareholders, the Company submitted a proposal for theintroduction of the Plan to the 80th annual meeting of shareholders held on June 29, 2016. The proposal was approved asoriginally proposed. At a meeting of the Board of Directors held on May 28, 2021, the Company resolved to continue withthe Plan. At a meeting held on June 29, 2023, the Compensation Committee resolved to change certain parts of the Plan,
including the individuals eligible for the Plan, the criteria for granting points, and the method of delivering shares. The
Company has continued with the revised Plan.
For an overview of the Plan before the changes, please refer to the Company's Announcement of Changes to Stock
Compensation Plan for Officers dated June 29, 2023.
The Company makes a change to the Plan to allow it to address certain cases that require exceptional statutory andtaxation procedures for Directors, etc. who are eligible for the Plan and who are not residents of Japan, or other special
circumstances.
2. The Plan after the changes(1) Overview of the Plan
The Plan is a stock compensation plan in which a trust ("the Trust") established and paid for by the Company acquires
shares of the Company and delivers shares to each Director, etc. eligible for the Plan, based on the number of points that
the Company grants to each Director, etc.
A transfer restriction agreement ("the Transfer Restriction Agreement") that includes the provisions below shall beconcluded between the Company and the Directors, etc. about the shares of the Company that will be delivered to Directors,etc. in proportion to the points to be granted after the resolution is passed at the Compensation Committee meeting held on
June 29, 2023. (Each Director, etc. shall receive shares of the Company only if they conclude the Transfer Restriction

Agreement.)
1) The Directors, etc. shall not transfer any shares of the Company that are delivered to them under the Plan, establish anysecurity interest on the shares, or otherwise dispose of any of the shares from the day when they receive the shares to theday of retirement.
2) The Company shall acquire the shares delivered under the Plan without consideration if certain events occur.
3) Conditions for removal of transfer restrictions predetermined by the Compensation Committee, etc.
If shares of the Company are delivered to any Directors, etc. based on their acquired points after their retirement forsome reason, shares of the Company shall be delivered without any transfer restrictions.
(2) Changes to the Plan
The change to the Plan is as described below.
BeforeAfter- Yes (in principle, up to the time of retirement)

Transferrestriction

If any individuals who are eligible for the Plan
are not residents of Japan and require
exceptional statutory and taxation procedures,
or if they face other special circumstances, theCompany may deliver shares of the Company
without any transfer restrictions to them byresolution of the Compensation Committee.
- Yes (in principle, up to the time of retirement) (in that case, the Company and the relevant
Directors, etc. who are not residents of Japan
shall not conclude a Transfer Restriction
Agreement. If the Transfer Restriction
Agreement has already been concluded, theyshall conclude a separate agreement stating thattransfer restrictions will not be placed on theshares of the Company that are delivered tothem).

There are no changes other than the change to the Plan above from the Company's Announcement of Changes toStock Compensation Plan for Officers dated July 29, 2023.

(For reference) Overview of the trust agreement related to the Trust
Trustor

Kurita Water Industries Ltd.

Trustee

Sumitomo Mitsui Trust Bank, Limited.
(Re-trust trustee: Custody Bank of Japan, Ltd.)

Beneficiaries

Directors, etc. of the Company and its major domestic subsidiaries meeting beneficiary
requirements

Trust

A third party who has no relationship of interest with the Company or the Company's officers

administrator
Exercise ofNo voting rights of the shares held in the Trust will be exercised during the trust period.

voting rights
Type of trust

Nonmonetary trust (third party-benefit trust)

Date of trust

August 4, 2016

agreement
Trust period

From August 4, 2016 to August 31, 2024 (planned)

Purpose of trust

Granting shares of the Company to beneficiaries under the rules for granting shares