May 12, 2023

Company
Representative
Contact

Coca-Cola Bottlers Japan Holdings Inc.
Representative Director & President

Calin Dragan(Code 2579 TSE Prime Market)
Executive Officer,Maki Kado
Executive Business Manager
Tel. +81-800-919-0509

Notice on introduction of "Stock-granting ESOP Trust”
At the Board of directors meeting held on May 12, 2023, the Company resolved to introduce ofthe " Stock-granting ESOP Trust " (hereinafter referred to as "the Plan"), an employee incentive planfor the Company's Executive Officers, Employees recognized by the Company, and Executive Officers
and Employees of Group subsidiaries determined by the Company (hereinafter referred to as"Executive Officers, etc.")

1. Introduction of the Plan
(1)

The Company introduces the plan with aiming to increase the motivation of Executive
Officers, etc. to contribute to the medium- to long-term improvement of corporate value andthe rise in stock prices of Group companies, to strengthen the competitiveness of acquisition
and retention of talent rich in diversity from the perspectives of nationality and experience,and to further enhance incentives for sharing profit awareness with shareholders andimproving corporate value. (*)(2)

The plan adopts a mechanism called an Employee Stock Ownership Plan (ESOP) Trust(hereinafter referred to as “the ESOP Trust").
The ESOP Trust is an incentive plan for employees based on the ESOP plan in the U.S.,
under which the Company's shares acquired by the ESOP Trust are vested to Executive
Officers, etc. who fulfill certain requirements in accordance with predetermined Stock-basedcompensation regulations.

(3)

The Company will introduce the Plan as a new Long-term incentive (Stock-basedcompensation) plan to replace the current Long-term incentive (Stock-based compensation)plan (“the Former stock-based compensation plan").
Subject to the commencement of the Plan, points equivalent to the standard amountcalculated under the Former stock-based compensation plan or the number of common shares
scheduled to be vested will be granted under the Plan as a transitional measure from theFormer stock-based compensation plan, and shares will be vested from the Plan.

(*)

Currently, compensation for the Company's Executive Officers consists of base salary, annual
bonus, reserved retirement payment, Long-term incentives (Stock-based compensation)(Performance Share Unit plan (hereinafter referred to as the "PSU") and Restrictive Stock
Unit plan (hereinafter referred to as the "RSU"). This resolution changes the content of"Long-term incentives (Stock-based compensation)" to use the ESOP Trust.

2. Outline of the Plan
②Contribution

Group company【Consignor】⑦Transfer andcancellation ofremaining shares
without charge⑧Provision of residual
assetsStockmarket

The Company③Company share④Dividends③Companyshare③payment③Payment②Establish trust【Trustee（joint trusteeship）】（scheduled）
Mitsubishi UFJ Trust and BankingCorporation
The Master Trust Bank of Japan, Ltd.
ESOP Trust
Company shares and cash

① Establish

Stock-based

compensation regulation【Beneficiary】⑥Vesting of theCompanyshares, etc.

Person subject tothe plan

⑤Instructions for non-exercise ofvoting rights
Trust administrator① The Company and its group companies will establish Stock-based compensation regulations at thetime of the introduction of the Plan.
② The Company will establish the ESOP Trust, in which money contributed by the Group companies
will be placed in trust, and Executive Officers, etc. who satisfy the requirements for beneficiaries
will be the beneficiaries.
③ ESOP Trust will acquire from the Company (the Treasury stock disposal) the number of theCompany's shares expected to be vested to the beneficiaries during the trust period, using the money
contributed in ② above as the source of funds, in accordance with the instructions of the TrustManager.
④ Dividends are paid to the Company's shares in the ESOP Trust in the same manner as otherCompany shares.
⑤ The Company's shares in the ESOP Trust shall not exercise voting rights throughout the trust
period.
⑥ As a transitional measure from the Former stock-based compensation plan, Executive Officers, etc.
who were subject to the Former stock-based compensation plan will be granted, without delay after
the establishment of the ESOP Trust, points equivalent to the base amount calculated under theFormer stock-based compensation plan or the number of our common shares to be granted.
In addition, in accordance with Stock-based compensation regulations, Executive Officers, etc.
who fulfill certain requirements are to be vested and pay out shares of the Company's stock inproportion to the number of points they have earned and an amount equivalent to the cash proceedsfrom the conversion of the Company's stock.

In principle, the Company shares corresponding to a certain percentage of the points (rounded up tothe nearest unit) will be vested, and the remaining shares will be converted into the ESOP Trust’s
shares and paid out in an amount equivalent to the cash proceeds from the conversion.
⑦ In the event that residual shares remain at the end of the trust period, the ESOP Trust will either
continue to be used as a new stock compensation plan by amending the trust agreement and adding
an additional trust, or the ESOP Trust will transfer such residual shares to the Company withoutcompensation and cancel them by a resolution of the Board of Directors.
⑧ The remainder of the dividends on the Company's shares in the ESOP Trust that arise at theexpiration of the trust period will be used as funds to acquire shares if the ESOP Trust is used
continuously, but if the ESOP Trust is terminated due to the expiration of the trust period, the excess
over the trust expense reserve will be donated to the Company and to disinterested organizations.
(Note) During the trust period, if there is a possibility that the number of shares in the ESOP Trust may
fall short of the number of shares corresponding to the accumulated points granted to ExecutiveOfficers, etc., or that the money in the trust assets may be insufficient to pay trust fees and trust
expenses, additional money may be placed in the ESOP Trust.

(Reference)Contents of trust agreement(1) Types of trusts

Monetary trusts other than specified solely
managed monetary trusts (other-benefit trusts)(2) Purpose of the trust

Provision of incentives for Executive Officers, etc. ofthe Company and the Company's group companies(3) Consignor

the Company(4) Trustee

Mitsubishi UFJ Trust and Banking Corporation(Co-Trustee: Japan Master Trust Bank, Ltd.

(5) BeneficiaryExecutive Officers, etc. who meet the requirements
for beneficiaries(6) Trust administrator

Third parties who have no interest in the Company(7) Trust agreement date

May 2023 (planned)(8) Duration of the trust

May 2023 ~ May 2026 (planned)*The term of the trust may be extended byamendment of the trust agreement.

(9) System start date

May 31, 2023 (Planned)(10) Exercise of voting rights

shall not be exercised(11) Type of acquiring stock

Common stock of the Company(12) Total amount of acquiring stock

2,798 JPY

(13) Method of acquiring stock

Acquire from market or the Company (the Treasury
stock disposal)
End