(Summary English Translation of the Notice of the Result of the 109th Ordinary General Meeting of Shareholders Originally Issued in Japanese
Language)

MAKITA CORPORATION(Stock code: 6586)
June 25, 2021

To the Shareholders ofMAKITA CORPORATIONNOTICE OF THE RESULTOF THE 109th ORDINARY GENERAL MEETING OF SHAREHOLDERS
We would like to inform you that the following reports and resolutions were made at the 109th Ordinary General
Meeting of Shareholders of MAKITA CORPORATION held on June 25, 2021.
Munetoshi GotoPresident
MAKITA CORPORATION
3-11-8, Sumiyoshi-cho, Anjo City,Aichi Prefecture, 446-8502, Japan
Description
Items to be Reported:
1. The Business Report, Consolidated Financial Statements for the 109th period (from April 1, 2020 to March31, 2021) and the Audit Reports on such Consolidated Financial Statements by the Accounting Auditor andthe Audit & Supervisory Board
2. The Financial Statements for the 109th period
Items to be Resolved:
No.1 Appropriation of Surplus
This item was approved as proposed.
It was decided that year-end dividends should be paid at the rate of 59 yen per share, total amount of16,020,100,316 yen. The total dividends for the period under review amounted to 69 yen per sharethat include interim dividends in the amount of 10 yen per share.
No.2 Partial Amendments to the Articles of Incorporation
This item was approved as proposed.
It was decided that amendment should be made to the Articles of Incorporation, including theestablishment of the provisions necessary for transition to a Company with an Audit & Supervisory
Committee.
No.3 Election of 11 Directors (Excluding Directors Who Are Audit & Supervisory Committee Members)
Messrs. Masahiko Goto, Munetoshi Goto, Shinichiro Tomita, Tetsuhisa Kaneko, Tomoyuki Ota,Takashi Tsuchiya, Masaki Yoshida, Takashi Omote, Yukihiro Otsu, Masahiro Sugino and Takahiro
Iwase were assumed their offices as Directors (excluding Directors who are Audit & Supervisory
Committee Members).
Messrs. Masahiro Sugino and Takahiro Iwase are Outside Directors.
No.4 Election of 4 Directors Who Are Audit & Supervisory Committee Members
Messrs. Mitsuhiko Wakayama, Akira Kodama, Shoji Inoue and Koji Nishikawa were assumed theiroffices as Directors who are Audit & Supervisory Committee Members.
Messrs. Akira Kodama, Shoji Inoue and Koji Nishikawa are Outside Directors who are Audit &Supervisory Committee Members.
No.5 Determination of the Amount of Compensation for Directors (Excluding Directors Who Are Audit &Supervisory Committee Members)This item was approved as proposed.
It was decided that the maximum amount of annual compensation for 11 Directors (excludingDirectors who are Audit & Supervisory Committee Members) should be set at 240 million yen(including the maximum amount of 35 million yen for Outside Directors).

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No.6 Determination of the Amount of Compensation for Directors Who Are Audit & SupervisoryCommittee Members
This item was approved as proposed.
It was decided that the maximum amount of annual compensation for 4 directors who are Audit &Supervisory Committee Members should be set at 60 million yen.
No.7 Determination of Compensation for the Allotment of Restricted Shares to Directors (ExcludingDirectors Who Are Audit & Supervisory Committee Members and Outside Directors)
This item was approved as proposed.
It was decided that the restricted shares should be allotted and the maximum amount of annualcompensation for Directors (excluding Directors who are Audit & Supervisory Committee Membersand Outside Directors) should be set at 100 million yen.
No.8 Payment of Bonus to Directors
This item was approved as proposed that Makita Corporation should pay Directors’ bonuses to 11Directors, among 13 Directors as the end of the period, in the amount of 250 million yen. This iswith the exception of Messrs. Akiyoshi Morita and Masahiro Sugino.
At the Meeting of the Board of Directors held after this Shareholders’ Meeting, Mr. Masahiko Goto was elected asChairman, Representative Director and Mr. Munetoshi Goto was elected as President, Representative Director, and eachof them assumed their respective office.
At the Audit & Supervisory Committee meeting held after such Shareholders’ Meeting, Messrs. Mitsuhiko Wakayama
and Akira Kodama were elected as Standing Audit & Supervisory Committee Members and each of them assumed theirrespective office.

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