The following is an English translation of the Notice of Resolutions at the 157th Ordinary General
Meeting of Shareholders of Yamato Holdings Co., Ltd. The Company provides this translation for yourreference and convenience only and without any warranty as to its accuracy.

Stock code: 9064
June 23, 2022

Yamato Holdings Co., Ltd.
16-10, Ginza 2-chome, Chuo-ku, Tokyo
President: Yutaka Nagao
To Our Shareholders

Notice of Resolutions
at the 157 Ordinary General Meeting of Shareholders
thWe would hereby like to inform you that the following matters were reported and resolved
at the 157th Ordinary General Meeting of Shareholders held on June 23, 2022.

Matters reported:
1.

Report of the Business Report, the Consolidated Financial Statements, andAudit Reports of the Accounting Auditor and the Audit & Supervisory Boardfor the Consolidated Financial Statements for the 157th Fiscal Year (from April
1, 2021 to March 31, 2022)

2.

Report of the Non-consolidated Financial Statements for the 157th Fiscal Year(from April 1, 2021 to March 31, 2022)

We reported the details of above 1. and 2.
Matters resolved:
Agenda Item 1.
Partial Amendments to the Articles of Incorporation
Agenda Item 1. was approved and adopted as originally proposed.
The details of amendment are as follows.

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(Underlining denotes amendment.)
Articles of Incorporation
After Amendments

Articles of Incorporation
Before Amendments(Internet Disclosure and Deemed Provision ofReference Documents of the General Meetingof Shareholders, Etc.)(Deleted)

Article 15. When the Company convenes ageneral meeting of shareholders, if it
discloses information that is to be stated orpresented in the reference documents forthe general meeting of shareholders,business report, financial statements andconsolidated financial statements throughthe internet in accordance with theprovisions prescribed by the Ministry ofJustice Order, it may be deemed that theCompany has provided this information toshareholders.
(Newly established)(Measures, etc. for Providing Information inElectronic Format)
Article 15. When the Company convenes a
general meeting of shareholders, it shalltake measures for providing informationthat constitutes the content of reference
documents for the general meeting ofshareholders, etc. in electronic format.
Among items for which the measures forproviding information in electronic format
will be taken, the Company may exclude
all or some of those items designated by
the Ministry of Justice Order fromstatements in the paper-based documents
to be delivered to shareholders whorequested the delivery of paper-based
documents by the record date of votingrights.

2(Underlining denotes amendment.)
Articles of Incorporation
After Amendments

Articles of Incorporation
Before Amendments(Newly established)(Supplementary Provisions)1.

The deletion of Article 15 (InternetDisclosure and Deemed Provision ofReference Documents for the General
Meeting of Shareholders, Etc.) in the preamended Articles of Incorporation and theestablishment of the new Article 15(Measures, etc. for Providing Information
in Electronic Format) in the amended
Articles of Incorporation shall be effectivefrom September 1, 2022, the date ofenforcement of the revised provisions,provided for in the proviso to Article 1 of
the Supplementary Provisions of the Act
Partially Amending the Companies Act(Act No. 70 of 2019) (hereinafter referred
to as the “Date of Enforcement”).

2.

Notwithstanding the provisions of thepreceding paragraph, Article 15 of the preamended Articles of Incorporation shallremain effective regarding any general
meeting of shareholders held on a datewithin six months from the Date ofEnforcement.

3.

These Supplementary Provisions shall bedeleted on the date when six months haveelapsed from the Date of Enforcement orthree months have elapsed from the dateof the general meeting of shareholders inthe preceding paragraph, whichever islater.

Agenda Item 2.
Election of Nine (9) Directors
Messrs. Yutaka Nagao, Kenichi Shibasaki, Ms. Mariko Tokuno, Messrs. Yoichi
Kobayashi, Shiro Sugata and Noriyuki Kuga were reelected and assumed theiroffices. Messrs. Toshizo Kurisu, Yasuharu Kosuge and Charles Yin were newly
elected and assumed their offices.
Ms. Mariko Tokuno, Messrs. Yoichi Kobayashi, Shiro Sugata, Noriyuki Kuga andCharles Yin are Outside Directors.
Agenda Item 3.
Election of One (1) Audit & Supervisory Board Member
Mr. Tsutomu Sasaki was newly elected and assumed his office.

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As per the resolutions of the Board of Directors Meeting held after the close of the above
Ordinary General Meeting of Shareholders, Representative Directors and Directors withtitles were appointed and assumed their offices. The Directors, Audit & Supervisory BoardMembers and Executive Officers of the Company are as follows:
Representative Director, Executive Officer and President

Yutaka Nagao

Representative Director, Executive Officer and Vice President

Toshizo Kurisu

Representative Director, Executive Officer and Vice President

Yasuharu Kosuge

Director

Kenichi Shibasaki

Director

Mariko Tokuno

Director

Yoichi Kobayashi

Director

Shiro Sugata

Director

Noriyuki Kuga

Director

Charles Yin

Full-time Audit & Supervisory Board Member

Yoshihiro Kawasaki

Full-time Audit & Supervisory Board Member

Tsutomu Sasaki

Audit & Supervisory Board Member

Takashi Yamashita

Audit & Supervisory Board Member

Ryuji Matsuda

Audit & Supervisory Board Member

Yoshihide Shimoyama

Senior Managing Executive Officer

Tomoki Otani

Senior Managing Executive Officer

Shinji Makiura

Managing Executive Officer

Atsushi Kashimoto

Payment of the Year-end Dividend for the 157th Fiscal Year
Regarding the year-end dividend for the 157th fiscal year, the payment of 23 yen per share wasresolved at the Board of Directors Meeting held on May 17, 2022, and we sent the payment
related documents as of June 1, 2022, to the address that has been provided to us.

4Information on the Receipt of Dividends
There are four ways to receive dividend payment.
In order to receive dividends safely and surely, it is recommended that you receive dividends
through your account at a bank or a securities company.
1. Method to designate a bank account per issue held: Kobetsu meigara shitei houshiki
A method whereby you designate an account with a bank or other financial institution for eachissue held.
2. Method to receive dividends of all issues held through only one bank account: Touroku
haitokin juryo kouza houshiki
A method whereby dividends of all issues held can be received through only one account witha bank or other financial institution which you designate as the account to which dividends willbe remitted.
3. Method to receive dividends through your account with a securities company:
Kabushiki-su hirei haibun houshiki
A method whereby dividends can be received through your account opened at a securities
company.
If shares of the same issue are held in accounts with several securities companies, thedividends will be prorated depending on the number of shares recorded at each account.
However, as this method is not applicable if you have any shares in a special account, it isnecessary for you, in the case you are such a shareholder, to transfer your shares in yourspecial account to your account with a securities company in order to use this method.
* Special account: An account where shares of shareholders who do not use an account with asecurities company are held.
4. Method by presenting a “Dividend Warrant”
For other shareholders who have not taken procedures as stated in the above 1-3, dividends
can be received at a nearby principal or branch office of Japan Post Bank Co., Ltd. or a post
office by presenting the “Dividend Warrant” to be sent from the Company.

For inquires on changing the method of receiving dividends, etc.
[Shareholders holding an account with a securities company]
Please contact the securities company where you have opened an account.
[Shareholders who have shares recorded in a special account]
Please contact Securities Agent Dept. of Mizuho Trust & Banking Co., Ltd.
Phone: 0120-288-324 (Toll free only in Japan)
Business hours: 9 a.m. to 5 p.m. (JST) on weekdays

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