[NOTICE: This document is a translation of the Japanese language original for convenience purposes only,
and in the event of any discrepancy, the Japanese language original shall prevail.]
To whom it may concern:June 20, 2023
The Shizuoka Financial Group, Inc.
Filing of Extraordinary Report

The Shizuoka Financial Group, Inc. hereby announces that it filed today an extraordinary report concerning
the results of the exercise of voting rights at the 1st Annual General Meeting of Shareholders of the Shizuoka
Financial Group, Inc.
1. Reason for FilingAs the following proposals were resolved at the 1st Annual General Meeting of Shareholders of theShizuoka Financial Group, Inc. (the “Company”) held on June 16, 2023, the Company hereby files thisExtraordinary Report pursuant to the provisions of Article 24-5, Paragraph 4 of the Financial Instruments andExchange Act and the provisions of Article 19, Paragraph 2, Item 9-2 of the Cabinet Office Ordinance on theDisclosure of Corporate Affairs, etc.
2. Description of Report(1) Date on which the General Meeting of Shareholders was held:June 16, 2023
(2) Details of Proposals Resolved:
Proposal No. 1: Appropriation of Surplus
Matters concerning year-end dividends of surplus
15.00 yen per share of common stock of the Company, for a total of 8,396,085,660 yen.
Proposal No. 2: Election of Six (6) Directors (Excluding Directors Who Are Audit & Supervisory
Committee Members)
Election of Katsunori Nakanishi, Hisashi Shibata, Minoru Yagi, Yutaka Fukushima, Kumi
Fujisawa and Kazutoshi Inano as Directors.

Proposal No. 3: Determination of Amounts of Compensation, Etc. for Directors (Excluding Directors
Who Are Audit & Supervisory Committee Members)
With regard to compensation for Directors (excluding Directors who are Audit & Supervisory CommitteeMembers), the amount of fixed monetary compensation shall be limited to a total of 210 million yen peryear, and the following shall be paid: performance-linked compensation based on the Company’s
consolidated net income attributable to owners of parent; and officer compensation based on a points
system linked to the share price, a plan under which a certain number of points are granted per year andthen the Company pays a cash sum equivalent to the number of accumulated points multiplied by theCompany’s average share price over the six months prior to the date of retirement.

Proposal No. 4: Determination of Compensation, Etc. for Directors (Excluding Outside Directors andDirectors Who Are Audit & Supervisory Committee Members) to Grant Restricted Shares
The amount of monetary compensation receivables to be paid to grant restricted shares to Directors(excluding Outside Directors and Directors who are Audit & Supervisory Committee Members), inaddition to the compensation concerning Proposal No.3: Determination of Amounts of Compensation,Etc. for Directors (Excluding Directors Who Are Audit & Supervisory Committee Members), shall be
no more than 50 million yen per year.

Proposal No. 5: Determination of Amounts of Compensation, Etc. for Directors Who Are Audit &Supervisory Committee Members
The amount of fixed monetary compensation for Directors who are Audit & Supervisory Committee
Members shall be no more than 90 million yen per year.
―1―(3) The number of voting rights either approving, disapproving or abstaining on proposals resolved;
requirements for the approval of the resolutions and their results
Approving(Number ofvoting rights)

Disapproving(Number ofvoting rights)

Abstaining(Number ofabstaining)

4,698,622

8,232Katsunori Nakanishi

4,248,216

Hisashi Shibata

Proposals resolved

Approval ratio

Voting results

1,152

99.0%

Approved

458,608

1,15289.5%

Approved

4,289,004

417,821

1,152

90.3%

Approved

Minoru Yagi

4,633,987

46,54627,451

97.6%

Approved

Yutaka Fukushima

4,645,451

35,082

27,451

97.9%

Approved

Kumi Fujisawa

4,678,939

27,893

1,152

98.6%

Approved

Kazutoshi Inano

4,640,015

40,51827,451

97.7%

Approved

Proposal No. 3

4,393,921

312,832

1,252

92.5%

Approved

Proposal No. 4

4,392,190

314,553

1,261

92.5%

Approved

Proposal No. 5

4,692,319

14,157

1,530

98.8%

Approved

Proposal No. 1
Proposal No. 2(Notes) The conditions for approval for each proposal are as stated below.
1. Proposals No. 1, No.3, No.4, and No.5 require approval by a majority of voting rights of the shareholders
in attendance.
2. Proposal No.2 requires the attendance of shareholders holding one-third of voting rights owned byshareholders eligible to exercise voting rights and approval by a majority of voting rights held by theshareholders in attendance.
(4) The reason that a portion of the number of voting rights held by the shareholders in attendance at theGeneral Meeting of Shareholders was not included in the number of voting rights
Resolutions of all the proposals have been legitimately reached in accordance with the Companies Act,as the requirements for approval have been met based on the number of votes confirmed to be approving
or disapproving by counting the voting rights exercised up to the day before this General Meeting ofShareholders and those of shareholders in attendance. Therefore, voting rights of the shareholders inattendance for which confirmation is lacking as to whether they are approving, disapproving or abstaining
are not included in the count.
End―2―