[NOTICE: The Results of Exercise of Voting Rights is a translation of the Japanese language original for
convenience purposes only, and in the event of any discrepancy, the Japanese language original shallprevail.]March 29, 2019
To whom it may concern:
Nisshinbo Holdings Inc.

Filing of Extraordinary Report
1 [Reason for Filing]
Nisshinbo Holdings Inc. (“the Company”) announces that the Matters to be Resolved wereapproved as originally proposed at the 176th Ordinary General Meeting of Shareholders heldon March 28, 2019 (“the Meeting”). The Company files the extraordinary report pursuant to theprovisions of Article 24-5, Paragraph 4 of the Financial Instruments and Exchange Act andArticle 19, Paragraph 2, Item 9-2 of the Cabinet Office Ordinance on the Disclosure ofCorporate Affairs, etc.
2 [Description of Report](1) Date on which the General Meeting of Shareholders was held: March 28, 2019(2) Matters ResolvedFirst Item of Business: Election of Eleven (11) Directors
Eleven (11) members, namely, Mr. Masaya Kawata, Mr. Masahiro Murakami, Mr. KenjiAra, Mr. Ryo Ogura, Mr. Takayoshi Okugawa, Mr. Kazunori Baba, Mr. Yasuji Ishii, Mr.
Noboru Matsuda, Mr. Yoshinori Shimizu, Ms. Shinobu Fujino and Mr. Keiji Taga wereelected as Directors.
Second Item of Business: Election of Four (4) Audit & Supervisory Board Members
Four (4) members, namely, Mr. Toshihiro Kijima, Mr. Takumi Ohmoto, Mr. Atsushi
Yamashita and Mr. Mitsunori Watanabe were elected as Audit & Supervisory BoardMembers.
Third Item of Business: Election of One (1) Substitute Audit & Supervisory Board Member
Mr. Fumihiro Nagaya was elected as Substitute Audit & Supervisory Board Member.

(3) Number of voting rights exercised as the manifestation of the intention of approval,
disapproval or abstention for matters resolved; requirement for adoption thereof; andresolution results thereof

Matters Resolved

Number ofApproval
Votes

Number ofDisapproval
Votes

Number ofAbstentions

Approval
Ratio (%)

Resolution
ResultFirst Item of Business
1
Masaya Kawata
Approved
1,294,519
105,083
92.07
500
92.04
Masahiro Murakami
Approved
1,294,091
105,012
13,102
198.61
Kenji Ara
Approved
1,386,506
13,081
198.61
Ryo OguraApproved
1,386,527
1,386,869
12,739198.64
Takayoshi Okugawa
Approved1,382,554
17,054
198.33
Kazunori Baba
Approved
1,382,565
17,043
198.33
Yasuji Ishii
Approved
1,389,887
9,721
198.85
Noboru Matsuda
Approved
1,390,844
8,764
198.92
Yoshinori Shimizu
Approved
1,312,102
87,506193.32
Shinobu Fujino
Approved
1,391,112
8,496
198.94
Keiji Taga
Approved
Second Item of Business
1,338,187
61,387
195.18
Toshihiro Kijima
Approved
1,377,534
22,043197.98
Takumi Ohmoto
Approved
1,398,129
1,449
199.44
Atsushi Yamashita
Approved
1,056,516
343,059
175.14Mitsunori Watanabe
Approved
Third Item of Business1
Fumihiro Nagaya
Approved
1,393,970
5,647
99.14
(Notes) 1. The requirement for adoption of the each Item of Business is approval by a majority of the votes ofshareholders present at the Meeting where the shareholders holding one-third (1/3) or more of thevoting rights of the shareholders entitled to exercise voting rights are present.
(Notes) 2. The approval ratio represents the ratio of approval votes to the number of voting rights ofshareholders present at the Meeting (inclusive the number of approval votes exercised up to the dayprior to the Meeting and the number of approval votes exercised by certain shareholders present atthe Meeting, but exclusive of voting rights of shareholders who left in the middle of the Meeting).

(4) The reason why a portion of the number of voting rights of shareholders present at themeeting was not included
As the sum of the number of voting rights exercised up to the day prior to the Meeting andthe number of voting rights of a part of the shareholders present at the Meeting whose
intention of approval, disapproval or abstentions for all items of business was confirmed
satisfied the requirement for adoption of all matters resolved and as the items of businesswere thus resolved lawfully under the Companies Act, the number of voting rights of theshareholders present at the Meeting whose intention of approval, disapproval or abstention
was not confirmed has not been included.
END