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

March 18, 2022

To whom it may concern:
Company Name
Representative
Contact Us

FUJI OIL HOLDINGS INC.
Mikio Sakai, President & CEO(Code:2607 TSE First Section)
Katsuhiro Nagayama, General
Manager, Consolidation
Accounting Group(Tel:+81-6-6459-0731）

Notice Concerning Company Split (Simplified Absorption-Type Company Split・Short-Form Absorption-Type Company Split) with Wholly-Owned Subsidiary
Fuji Oil Holdings Inc.(hereafter the “Company”) hereby announces that the Board of Directors, at its
meeting held on March 18, 2022, resolved to transfer the Company's assets and its management businessheld by Fuji Oil Co., Ltd. (hereafter “Fuji Oil Co.”) to the Company, by the way of a company split(absorption-type company split) with an effective date of April 30, 2022 (scheduled) (hereafter the “CompanySplit”).
As the Company Split is going to take place in the form of a simplified absorption-type company split in which
the Company's wholly-owned subsidiary will be the splitting company, certain matters and descriptions areomitted from the disclosure below.
1. Purpose of the Company Split
Fuji Oil Co. owns and manages the Company’s assets, and now, for the purpose of improving
management efficiency, Fuji Oil Co. will transfer these assets and its management business to theCompany.
2. Summary of the Company Split(1) Time table for the company split
Date of resolution at the meeting of the Board of Directors

March 18, 2022

Date of conclusion of the agreement

March 18, 2022

Commencement date (Effective date)

April 30, 2022 (scheduled)(Note) The Company Split will be conducted without obtaining approval at a general meeting ofshareholders of either company, since it satisfies the requirements for a simplified company
split under Article 796, Paragraph 2 of the Companies Act for the Company, the successor
company, and for Fuji Oil Co., the splitting company, under Article 784, Paragraph 1 of thesame act, as a short-form company split.
(2) Form of the Company Split
The Company Split is an absorption-type company split in which the Company is the succeedingcompany and Fuji Oil Co. is the splitting company.
(3) Details of allotment related to the Company Split
The Company owns all shares of Fuji Oil Co., the splitting company, and no money or other assets will

be delivered upon the Company Split.
(4) Handling of share acquisition rights and bonds with share acquisition rights in connection with theCompany Split
Fuji Oil Co. has not issued any stock acquisition rights or bonds with stock acquisition rights.
(5) Increase or decrease in share capital due to the Company Split
There will be no change in share capital due to the Company Split.
(6) Rights and obligations to be succeeded by succeeding company
The Company, the succeeding company, will succeed the assets, liabilities and contracts related tothe asset management operations of the Company from Fuji Oil Co. on the date of Company Split.
(7) Prospect of fulfillment of obligations
The Company and Fuji Oil Co. have concluded that there will be no problem in fulfilling theirobligations. The reason why is that the amount of assets is expected to exceed the amount ofliabilities after the Company Split, and there is currently no anticipated occurrence of a situation thatwould hinder the fulfillment of the obligations to be borne by the company in terms of earnings.
3. Overview of the companies involved in the Company Split
Succeeding Company(As of March 31, 2021)

Splitting Company(As of March 31, 2021)(1) Name

Fuji Oil Holdings Inc.

Fuji Oil Co., Ltd.

(2) Location

1 Sumiyoshi-cho, Izumisano-shi,Osaka(Head office: Daibiru Honkan
Building, 3-6-32, Nakanoshima,Kita-ku, Osaka-shi, Osaka)

1 Sumiyoshi-cho, Izumisano-shi,Osaka(3) Job title and name ofrepresentative

Presindent and CEO
Mikio Sakai(4) Business Descriptions

Group-wide management strategies
and overseeing their implementation

PresindentTatsuji Omori
Development, manufacture, andsale of food related to thebusiness of vegetable oils & fats,industrial chocolate , emulsified &fermented ingredients andsoy-based ingredients.

(5) Share Capital

13,208 Million yen

500 Million yen(6) Date of establishment

October 9, 1950

October 1, 2015

87,569,383 shares

10,000 shares

March 31

March 31

151

1,157

(7) Number of sharesissued and outstanding(8) Date of the end offiscal year(9) Number of Employees

Itochu Food Investment, LlcFuji Oil Holdings Inc.
38.59%(10) Major shareholders
and shareholding ratios

The Master Trust Bank of Japan,Ltd. (Trust account)
5.56%
Custody Bank of Japan, Ltd. (Trustaccount)
4.24%

100%

National Mutual Insurance
Federation of Agricultural
Cooperatives
3.07%
Fuji Oil Customer Shareholding
Association
1.64%
ITOCHU SUGAR CO.,LTD. 1.31%
Nippon Life Insurance Company
1.28%

Sumitomo Mitsui Banking
Corporation
1.25%
Tokio Marine & Nichido Fire
Insurance Co., Ltd.
1.23%
The Norinchukin Bank
1.22%
(11) Operational Results and Financial Conditions of the Last year
Fuji Oil Holdings Inc.

Fuji Oil Co., Ltd.

March 2021(Consolidated)

March 2021(Non-Consolidated)

Net assets

162,890 million yen

73,837 million yen

Total assets

358,511 million yen

112,344 million yen

1,861.67 yen

7,383,787.60 yen

Sales

364,779 million yen

135,245 million yen

Operating income

17,911 million yen

10,985 million yen

Ordinary income

17,565 million yen

10,923 million yen

Net income

11,014 million yen

6,852 million yen

128.14 yen

685,256.74 yen

As of / Fiscal year ended

Net assets per share

Net income per share

4. Overview of the business to be succeeded(1) Details of business to be succeeded
The Company's asset management business(2) Operating results of the business to be succeeded
There are no sales related to this business.
(3) Items and amounts of assets and liabilities to be succeeded
AssetsFixed assets

2,114 million yen

Liabilities
Current liabilities

2 million yen

Note) The items and amounts of assets and liabilities to be succeeded are estimates as of March 18,
2022, and the actual amounts to be succeeded will differ from the above amounts.
5.Status after the Company Split
There will be no change due to the Company Split in the name, location, representative titles and names,business activities, capital stock, or fiscal year end of the Company and Fuji Oil Co..
6. Future outlook
Since this company split is a simplified absorption-type company split for a wholly owned subsidiary of theCompany, there will be no impact on the Company's consolidated financial results.
End