Note: This document has been translated from a part of 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.

Securities Code: 4919
March 12, 2018
To our shareholders:Ryuji SatoPresident and CEO
Milbon Co., Ltd.
(Main branch) 2-3-35, Zengenji-cho, Miyakojima-ku,
Osaka(Head office) Kyobashi Edogrand 2-2-1, Kyobashi,Chuo-ku, TokyoNOTICE OF THE 58TH ORDINARY GENERAL MEETING OF SHAREHOLDERS
You are cordially invited to attend the 58th Ordinary General Meeting of Shareholders of Milbon Co., Ltd. (the“Company”), which will be held as described below.
If you are unable to attend the meeting in person, you may exercise your voting rights by post or via the Internet.
Please review the attached Reference Documents for the General Meeting of Shareholders (Japanese only) as
described below, and exercise your voting rights no later than 5:30 p.m. on Wednesday, March 28, 2018 (JST).
1. Date and Time: Thursday, March 29, 2018, at 10:00 a.m. (JST)
2. Venue:
Royal Park Hotel 3F (Royal Hall)
2-1-1, Nihonbashi-Kakigara-cho, Chuo-ku, Tokyo
The Company relocated its head office functions to Chuo-ku, Tokyo in November 2017.
Please note that the venue for the Ordinary General Meeting of Shareholders has beenchanged since this year.
3. Purpose of the Meeting
Matters to be reported:
1. Business Report and Consolidated Financial Statements for the 58th fiscal year (from December 21, 2016
to December 31, 2017), as well as the results of audit of the Consolidated Financial Statements by theFinancial Auditor and the Audit & Supervisory Board.
2. Non-Consolidated Financial Statements for the 58th fiscal year (from December 21, 2016 to December 31,2017)
Matters to be resolved:
Proposal No. 1
Dividend of Surplus (year-end dividend for the 58th fiscal year)
Proposal No. 2
Election of Ten (10) Directors
4. Guide to Exercise of Voting Rights
1. Voting by post
Indicate your vote on the enclosed voting form, and return it to us no later than 5:30 p.m. on Wednesday,
March 28, 2018 (JST).
2. Voting via the Internet
Refer to the appended instructions (Japanese only) on exercising voting rights, and exercise your votingrights no later than 5:30 p.m. on Wednesday, March 28, 2018 (JST).

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- If attending the meeting in person, you are kindly requested to bring the enclosed voting form with you and present it at reception.
- Pursuant to provisions of laws and regulations and Article 17 of the Articles of Incorporation, the following items have been posted
on our website (http://www.milbon.co.jp) and are not stated in the attachments to this notice.
(1) Notes to the Consolidated Financial Statements (2) Notes to the Non-Consolidated Financial Statements
The Consolidated Financial Statements and the Non-Consolidated Financial Statements, which have been audited by Audit &Supervisory Board Members and the Financial Auditor, shall include not only the documents stated in the attached documents tothis notice, but also the Notes to the Consolidated Financial Statements and the Notes to the Non-Consolidated FinancialStatements, which are posted on our website (http://www.milbon.co.jp).
- If any information contained within Reference Documents for the General Meeting of Shareholders, Business Report, Consolidated
Financial Statements or Non-Consolidated Financial Statements requires revision up until the day before the meeting, shareholders
will be notified either by post or by notification on our website (http://www.milbon.co.jp).

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