Note: This document has been translated from the Japanese original for reference purposes only. In the eventof any discrepancy between this translated document and the Japanese original, the original shall prevail.

September 26, 2019
To Shareholders:Ryuichi Arimoto
Representative Director and President
NIPPON KOEI CO., LTD.
(Registered Office)(Main Office)4, Kojimachi 5-chome, Chiyoda-ku, Tokyo
14-6, Kudankita 1-chome, Chiyoda-ku,
Tokyo

RESOLUTIONS OF
THE 75TH ANNUAL GENERAL MEETING OF SHAREHOLDERS
Dear Shareholders:
We would like to express our appreciation for your continued support and patronage.
The following matters were resolved at the 75th Annual General Meeting of Shareholders of NIPPONKOEI CO., LTD. (the “Company”).
Matters reported:
1. The Business Report, Consolidated Financial Statements and Nonconsolidated Financial
Statements for the Company’s 75th Fiscal Year (July 1, 2018 - June 30, 2019)
2. Results of audits by the Accounting Auditor and the Audit & Supervisory Board of theConsolidated Financial Statements
The Business Report, Consolidated and Nonconsolidated Financial Statements, and results ofaudits were reported as described above.
Proposals resolved:Proposal 1: Election of 10 Directors
The proposal was approved and resolved as originally proposed, and 10 Directors, Messrs.
Noboru Takano, Akira Mizukoshi, Ryuichi Arimoto, Hiroyuki Akiyoshi, Takayasu Tsuyusaki,Haruhiko Kanai, Hiroaki Shinya, Yasushi Hirusaki, Hiizu Ichikawa and Kazumasa Kusaka
were reelected and assumed their respective offices.
Proposal 2: Election of 1 Audit & Supervisory Board Member
The proposal was approved and resolved as originally proposed, and Mr. Kunio Okamura wasnewly elected and assumed his office.
Proposal 3: Election of 1 Substitute Audit & Supervisory Board Member
The proposal was approved and resolved as originally proposed, and Mr. Hideaki Sudo waselected as substitute Audit & Supervisory Board Member in preparation of a shortage in thenumber of Audit & Supervisory Board Members stipulated in the laws and regulations.
Proposal 4: Appointment of an Accounting Auditor
The proposal was approved and resolved as originally proposed, and PricewaterhouseCoopers
Aarata LLC was newly appointed as the Accounting Auditor.

In addition, the following Representative Directors and Directors with title were elected at the Board ofDirectors held after the conclusion of the Annual General Meeting of Shareholders and assumed their respectiveoffices. The new structure of officers including Executive Officers is as follows.

Representative Directorand Chairman

Noboru Takano

Director and Executive
OfficerYasushi Hirusaki

Director andVice Chairman

Akira Mizukoshi

Director(Outside Director)

Hiizu Ichikawa

Representative Directorand President

Ryuichi Arimoto

Director(Outside Director)

Kazumasa Kusaka

Representative Directorand Executive VicePresident

Hiroyuki Akiyoshi

Full-time Audit &Supervisory Board Member

Yoshizo Goto

Director and Senior
Managing Executive
Officer

Takayasu Tsuyusaki

Director and Senior
Managing Executive
Officer

Haruhiko Kanai

Full-time Audit &Kunio Okamura
Supervisory Board Member(newly elected)(Outside Audit & Supervisory
Board Member)
Audit & Supervisory Board
Naoki Honjo
MemberDirector and Managing
Executive Officer

Hiroaki Shinya

Audit & Supervisory Board
Yoshiko Koizumi
Member(Outside Audit & Supervisory
Board Member)

Senior Managing
Executive Officer

Yasuyoshi Iio

Executive Officer

Noriyuki Nakashima

Managing Executive
Officer

Shuichi Ueda

Executive Officer

Tomohisa FukuokaManaging ExecutiveOfficer

Ken Nishino

Executive Officer

Toru Nakagawa

Managing Executive
Officer

Noriaki Yoshida

Executive Officer

Yasusuke Kurosaki

Managing Executive
Officer

Akimitsu Arai

Executive Officer

Shigeki Toyoshima

Executive Officer

Kevin Tynes

Executive Officer

Hideo Tamura

Executive Officer

Hitoshi Nagasaki

Executive Officer

Michio Hasegawa

Executive Officer

Hiroshi Matsuda

Executive Officer

Takuro Hamanaka

Executive Officer

Hiroshi Yokota

Executive Officer

Katsuya Fukasaku

Executive Officer

Hiroyuki Yamate