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

September 27, 2018
To Shareholders:Ryuichi Arimoto
Representative Director and President
NIPPON KOEI CO., LTD.
(Registered Office)(Main Office)4, Kojimachi 5-chome, Chiyoda-ku, Tokyo
14-6, Kudankita 1-chome, Chiyoda-ku,
Tokyo

RESOLUTIONS OF
THE 74TH ANNUAL GENERAL MEETING OF SHAREHOLDERS
Dear Shareholders:
We would like to express our appreciation for your continued support and patronage.
The following matters were resolved at the 74th Annual General Meeting of Shareholders of NIPPONKOEI CO., LTD. (the “Company”).
Matters reported:
1. The Business Report, Consolidated Financial Statements and Nonconsolidated Financial
Statements for the Company’s 74th Fiscal Year (July 1, 2017 - June 30, 2018)
2. Results of audits by the Accounting Auditor and the Audit & Supervisory Board of theConsolidated Financial Statements
The Business Report, Consolidated and Nonconsolidated Financial Statements, and results ofaudits were reported as described above.
Proposals resolved:Proposal 1: Election of 11 Directors
The proposal was approved and resolved as originally proposed, and 11 Directors, Messrs.
Noboru Takano, Akira Mizukoshi, Ryuichi Arimoto, Hiroyuki Akiyoshi, Takayasu
Tsuyusaki, Haruhiko Kanai, Hideyuki Sakunaka, Hiroaki Shinya, Yasushi Hirusaki, Hiizu
Ichikawa and Kazumasa Kusaka were reelected and assumed their respective offices.
Proposal 2: Election of 2 Audit & Supervisory Board Members
The proposal was approved and resolved as originally proposed, and Messrs. Yoshizo Gotoand Naoki Honjo were newly elected and assumed their respective offices.
Proposal 3: Election of 1 Substitute Audit & Supervisory Board Member
The proposal was approved and resolved as originally proposed, and Mr. Hideaki Sudo waselected as substitute Audit & Supervisory Board Member in preparation of a shortage in thenumber of Audit & Supervisory Board Members stipulated in the laws and regulations.
Proposal 4: Revision of Compensation Amount for Audit & Supervisory Board Members
The proposal was approved and resolved as originally proposed, and it was decided to revise
the amount of compensation for Audit & Supervisory Board Members to “not exceeding anannual amount of ¥80 million”.

In addition, the following Representative Directors and Directors with title were elected at the Board ofDirectors held after the conclusion of the Annual General Meeting of Shareholders and assumed theirrespective offices. The new structure of officers including Executive Officers is as follows.

Representative Directorand Chairman

Noboru Takano

Director and Managing
Executive Officer

Hiroaki Shinya

Director andVice Chairman

Akira Mizukoshi

Director and ExecutiveOfficer

Yasushi Hirusaki

Representative Directorand President

Ryuichi Arimoto

Director(Outside Director)

Hiizu Ichikawa

Representative Directorand Senior Managing
Executive Officer

Hiroyuki Akiyoshi

Director(Outside Director)

Kazumasa Kusaka

Director and Managing
Executive Officer

Takayasu Tsuyusaki

Full-time Audit &Supervisory Board Member

Director and Managing
Executive Officer

Haruhiko Kanai

Audit & Supervisory Board
MemberDirector and Managing
Executive Officer

Yoshizo Goto
(newly elected)
Naoki Honjo(newly elected)

Hideyuki Sakunaka

Full-time Audit &Supervisory Board Member(Outside Audit & Supervisory Izumi Arai
Board Member)
Audit & Supervisory BoardMember
Yoshiko Koizumi(Outside Audit & Supervisory
Board Member)

Senior Managing
Executive Officer

Yoshikimi Inoue

Executive Officer

Hitoshi Nagasaki

Senior Managing
Executive Officer

Masanao Nishimura

Executive Officer

Hiroshi Matsuda

Senior Managing
Executive Officer

Yasuyoshi Iio

Executive Officer

Toshikazu Kambara

Managing ExecutiveOfficer

Hiroyuki Kasahara

Executive Officer

Hiroshi Yokota

Shuichi Ueda

Executive Officer

Hiroyuki Yamate

Ken Nishino

Executive Officer

Noriyuki Nakashima

Executive Officer

Masanobu Sakamoto

Executive Officer

Tomohisa Fukuoka

Executive Officer

Yasushi Sugo

Executive Officer

Toru Nakagawa

Executive Officer

Noriaki Yoshida

Executive Officer

Yasusuke Kurosaki

Executive Officer

Kevin Tynes

Executive Officer

Shigeki Toyoshima

Executive Officer

Akimitsu AraiManaging ExecutiveOfficer
Managing ExecutiveOfficer