[Translation for Reference and Convenience Purposed Only]

June 24, 2009
To All Shareholders:Osamu Watanabe, President
Japan Petroleum Exploration Co., Ltd. (JAPEX)
1-7-12 Marunouchi, Chiyoda-ku, Tokyo

Notification of Resolutions
at the 39th Ordinary General Meeting of the Shareholders
We are pleased to inform you that the following matters were reported and resolved at the 39thOrdinary General Meeting of the Shareholders held on June 24, 2009.
Announcements: 1) Business report and consolidated financial report of the 39th Term (fromApril 1, 2008 to March 31, 2009), and audit reports from the accountingauditor and Board of Corporate Auditors on the consolidated financial
reportJAPEX reported the foregoing items to the shareholders present at themeeting.
2) Financial report of the 39th Term (from April 1, 2008 to March 31, 2009)
JAPEX reported the foregoing items to the shareholders present at themeeting.
Resolution Items:
Item 1: Appropriation of Surplus
This item was approved and adopted as proposed. It was decided to pay the year-end
dividends of 20 yen per share for the 39th Term.
Item 2: Amendments to the Articles of Incorporation
This item was approved and adopted as proposed. JAPEX shall amend its Articles ofIncorporation in accordance with the introduction of Electronic Share Certificates System.
Item 3: Election of sixteen (16) Directors
This item was approved and adopted as proposed. Accordingly, sixteen (16) Directors,Yuji Tanahashi, Osamu Watanabe, Katsuo Suzuki, Norihiko Sawara, Tadatsuna Koda,Hiroshi Sato, Yoichi Ohta, Nobuzo Ichikawa, Masaki Hattori, Shoichi Ishii, Chikao Yoshida,Toshio Ibi, Mitsuru Saito, Junichi Matsumoto, Nobuyuki Ogura, and Kazuo Kawakami werereelected and assumed their offices.
Kazuo Kawakami is an Outside Director.
Item 4: Election of two (2) Corporate Auditors
This item was approved and adopted as proposed. Accordingly, two (2) CorporateAuditors, Ken Fujii and Morio Ishizeki were newly elected and assumed their offices.
Item 5: Awarding Retirement Benefits to Retiring Corporate Auditors
This item was approved and adopted as proposed. Consequently, retirement benefits shallbe awarded to retiring Corporate Auditors Kiyoshi Wazumi and Tsutomu Sugiura according
to the standards specified by JAPEX in recognition of services during their tenure, and thespecific amount, period and method of awarding, etc. shall be entrusted to deliberation ofCorporate Auditors.
Item 6: Payment of Bonuses to Directors and Corporate Auditors
This item was approved and adopted as proposed. A total amount of bonus of 78,300,000
yen (74,234,000 yen to Directors, 4,066,000 yen to Corporate Auditors) will be paid.
-1-[Translation for Reference and Convenience Purposed Only]------------------------------------------------------------------------------------------------------------------------At the Meeting of the Board of Directors held after the 39th Ordinary General Meeting of theShareholders was closed, Representative Directors, Directors with Titles and Executive Officers
were elected and assumed offices. Consequently, Directors and Executive Officers are as follows:
Representative Director- Chairman
Representative Director- President
Representative Director- Executive Vice President
Representative Director- Executive Vice President
Representative Director- Executive Vice President
Senior Managing Director
Senior Managing Director
Managing Director
Managing Director
Managing Director
Managing Director
Managing Director
Managing Director
Managing Director
Managing Director
Director

Yuji Tanahashi
Chief ExecutiveOfficer

Osamu Watanabe

Executive Officer

Katsuo Suzuki

Executive Officer

Norihiko Sawara

Executive OfficerExecutive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer

Tadatsuna Koda
Hiroshi Sato
Yoichi Ohta
Nobuzo Ichikawa
Masaki Hattori
Shoichi Ishii
Chikao YoshidaToshio Ibi
Mitsuru Saito
Junichi Matsumoto
Nobuyuki Ogura
Kazuo Kawakami

Managing
Executive Officer
Managing
Executive Officer
Managing
Executive Officer
Managing
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer

Kazuo Nakayama
Nobuaki Moritani
Hironori Imazato
Hitoshi Yamatoya
Makoto Miyairi
Masami Miki
Fumio Mizuno
Keisuke Inoue
Toyohiko KanekiyoToru Kuroda
Kiyoshi Ogino
Yoshio Abe
Yosuke Higai
Hikaru Fukasawa

With the resolution by the Board of Corporate Auditors after the 39th Ordinary General Meetingof the Shareholders was closed, full-time Corporate Auditors Ken Fujii and Morio Ishizeki werenewly appointed and assumed their offices.
------------------------------------------------------------------------------------------------------------------------<Dividend Payments>
Shareholders who have requested that dividend payments be made by transfer to a bank areasked to confirm the enclosed documents to receive the dividend.
Shareholders who have not requested the bank transfer may receive their dividend
payments at their nearby branch of JAPAN POST BANK Co., Ltd. and post office (banking agency)
as indicated in the enclosed Receipt of Year-end Dividends. The period of receiving payments isfrom June 25, 2009 to July 27, 2009.

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