TRANSLATION - FOR REFERENCE ONLY
October 25, 2023
KOKUSAI ELECTRIC CORPORATION
Representative

Fumiyuki Kanai
Representative Director,President and Chief Executive Officer(Securities Code No. 6525, Prime Market)
Contact

Takashi Hashimoto
Vice President ,Corporate Strategy Division(TEL. +81-3-5297-8515)

Notification Regarding Change of Parent Company and Affiliated Company
TOKYO, October 25, 2023 - KOKUSAI ELECTRIC CORPORATION (headquarters:
Chiyoda-ku, Tokyo, Representative Director, President and Chief Executive Officer:
Fumiyuki Kanai) (the “Company”) hereby announces that KKR HKE Investment L.P.,
which was our Parent Company, has become an Affiliated Company as follows.
1. Date of the change
October 25, 2023
2. Reason for the change
Due to completion of the secondary offering of our common shares by KKR HKE Investment L.P.
and the share lending of our common shares owned by KKR HKE Investment L.P. to a Japanese
underwriter for the secondary offering of our common shares by way of overallotment, in connection
with the listing of our shares on the Prime Market of the Tokyo Stock Exchange, KKR HKE
Investment L.P. no longer qualifies as a Parent Company and has become an Affiliated Companyof the Company.
3. Overview of KKR HKE Investment L.P.
(1) Name
KKR HKE Investment L.P.
PO BOX 309, Ugland House, Grand Cayman, KY1-1104,(2) Address
Cayman Island
Grounds
Limited Partnership existing under and by virtue of the Acts
(3)
for establishment, etc.
of the Cayman Islands
Name
KKR HKE Investment Limited
PO BOX 309, Ugland House, Grand
Information aboutAddress(4)
Cayman, KY1-1104, Cayman Island
the General Partner
Name and Title ofDirector Steven Codispoti
the Representative1Contentof Businesses(5)Relation to the Company

Investing as a General Partner of LPA

Relation to theKKR HKE Investment L.P. holds
Company
43.85% of total voting rights (as of(Capital Relations) October 25, 2023)
Relation Between Not applicable.
the Company and Our directors, Hirofumi Hirano andGeneral Partner Masaki Nakamura are dispatchedfrom KKR Japan Limited, theJapanese affiliate of Kohlberg Kravis
Roberts & Co. L.P..

4. Number of voting rights held by KKR HKE Investment L.P. and percentage of voting
rights before and after the change
Number of voting rights(% of total voting rights)
Indirectly
Directly owned
Totalowned
Before the change
Parent Company and1,687,005
01,687,005(as of September 21,Largest Shareholder as(73.22%)(0.00%)(73.22%)2023)
a Major Shareholder
After the change
Affiliated Company and
1,010,258
01,010,258(as of October 25,Largest Shareholder as(43.85%)(0.00%)(43.85%)2023)
a Major Shareholder(Notes)1.

Total number of shares issued as of September 21, 2023

230,404,200

2.

Total number of shares issued as of October 25, 2023

3.

The percentage of total voting rights is rounded to the third decimal place.

4.

Number of voting rights (percentage of voting rights) after change held by KKR HKE Investment L.P.

230,404,200

is calculated after excluding (i) the number of voting rights held by KKR HKE Investment L.P.
decreased as a result of its secondary offering of our common shares and (ii) 88,271 (8,827,100 shares),the number of voting rights corresponding to the number of shares subject to the lending of our shares
owned by KKR HKE Investment L.P. to a Japanese underwriter for the secondary offering by way ofoverallotment, the lending period of which will end on November 21, 2023.

5. Change of Unlisted Parent Company that shall be disclosed
There is no change in connection with the unlisted Parent Company that shall be disclosed.
6. Outlook
No impact is expected on the management or results of operations of the Company as aresult of this change of Parent Company and Affiliated Companies.
IMPORTANT NOTICE: This press release does not constitute an offer or sale of securities in the UnitedStates. The securities referred to above have not been and will not be registered under the United States
Securities Act of 1933, as amended (the “Securities Act”). The securities may not be offered or sold in theUnited States absent registration or an exemption from registration under the Securities Act. The
securities referred to above will not be publicly offered or sold in the United States.
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