Public Relations Group, Corporate Communications Unit

Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN

August 9, 2023

Notice Concerning Interim Dividend and Revision to Year-end Dividend
ForecastTOKYO, JAPAN - INPEX CORPORATION (INPEX) announced that its Board of Directors
resolved at a meeting held today to set the interim dividend per share, with a record date ofJune 30, 2023, and revise the forecast of the year-end dividend per share for the year ending
December 31, 2023, as follows:
1. Details of the interim dividend(1) Common stock
Resolved itemsMost recentforecast(announced on
February 9, 2023)

June 30, 2023

June 30, 2023

(Reference)
Interim dividends
paid for the year
ended December
31, 2022
June 30, 2022

37.00 yen

32.00 yen

30.00 yen

Total dividends

48.355 billion yen-

41.600 billion yen

Effective date

September 1, 2023-

September 1, 2023

Dividend source

Retained earnings-

Retained earnings

Resolved items

Most recent
forecast(announced on
February 9, 2023)

Record dateJune 30, 2023

June 30, 2023

(Reference)
Interim dividends
paid for the year
ended December
31, 2022
June 30, 2022

Cash dividend per share

14,800 yen

12,800 yen

12,000 yen

Total dividends

14,800 yen-

12,000 yen

Effective date

September 1, 2023-

September 1, 2023

Record dateCash dividend per share(2) Class A stock

Dividend source
Retained earnings
Retained earnings
Note: INPEX conducted a stock split at a ratio of 1:400 of common stock effective October 1,
2013. However, for Class A stock (not listed), no stock split was implemented. The article
specifying that dividends of Class A stock are equivalent to dividends of common stock priorto the stock split is included in the Articles of Incorporation.

2. Details of the year-end dividend forecast revision(1) Common stock
Dividend per share

Previous forecast(announced on February9, 2023)
Revised forecast
Actual dividend per sharefor the fiscal year ending
December 31, 2023
Actual dividend per sharefor the fiscal year ended
December 31, 2022

At 2nd quarter end

At fiscal year end

Total

32.00 yen

32.00 yen

64.00 yen-

37.00 yen

74.00 yen

37.00 yen--

30.00 yen

32.00 yen

62.00 yen

(2) Class A stock
Dividend per share
At 2nd quarter end

At fiscal year end

Total

12,800 yen

12,800 yen

25,600 yen-

14,800 yen

29,600 yen

Actual dividend per sharefor the fiscal year ending
December 31, 2023

14,800 yen--

Actual dividend per sharefor the fiscal year ended
December 31, 2022

12,000 yen

12,800 yen

24,800 yen

Previous forecast(announced on February9, 2023)
Revised forecast

3. Reasons
Based on the shareholder return policy outlined in INPEX Vision@2022, INPEX will, in principle,
maintain stable dividend payouts during the period covered by the medium-term business planfrom fiscal year 2022 to fiscal year 2024 with a total payout ratio of around 40 percent orPublic Relations Group, Corporate Communications UnitAkasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN

greater, and a minimum annual dividend per share of 30 yen. During this period, INPEX will
also strive to strengthen shareholder returns through means including share buybacks basedon the company’s business environment, financial base and management conditions, etc.
Based on the above policy and the positive financial forecast for the year ending December 31,
2023 announced today, INPEX will increase its interim dividend to 37 yen per common stock,up 5 yen from the most recent forecast of 32 yen per common stock. INPEX also revised its
forecast for its year-end dividend to 37 yen per common stock, up 5 yen from the most recent
forecast of 32 yen per common stock. As a result, the annual dividend for the fiscal year ending
December 31, 2023 is expected to amount to 74 yen per common stock, combining the 37 yen
interim dividend and the 37 yen year-end dividend. INPEX will also revise its interim dividend
and forecast for the year-end dividend of Class A stock (unlisted) for the year ending
December 31, 2023, as with the common stock.
Furthermore, the Board of Directors resolved at a meeting held today for INPEX to acquire andcancel its own shares. For details, please refer to “Announcement Concerning Resolution onAcquisition and Cancellation of Own Shares” announced today.
Media Contact: INPEX Tokyo Office, Public Relations Group, Tel) +81-3-5572-0750