Public Relations Group, Corporate Communications Unit

Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN

August 8, 2024

Notice Concerning Interim Dividend and Revision to Year-end Dividend
ForecastTOKYO, JAPAN - INPEX CORPORATION (INPEX) announced that its Board of Directors
resolved at a meeting held today to set the interim dividend per share, with a record date ofJune 30, 2024, and revise the forecast of the year-end dividend per share for the year ending
December 31, 2024, as follows:
1. Details of the interim dividend(1) Common stock

Resolved itemsMost recent
dividend forecast(announced onFebruary 13,2024)(Reference)
Interim dividend pershare paid for the
fiscal year ended
December31, 2023

June 30, 2024

June 30, 2024

June 30, 2023

43.00 yen

38.00 yen

37.00 yen

Total dividends

53.690 billion yen-

48.355 billion yen

Effective date

September 2, 2024-

September 1, 2023

Dividend source

Retained earnings-

Retained earnings

Resolved items

Most recent
dividend forecast(announced on
February 13,2024)(Reference)
Interim dividend pershare paid for the
fiscal year endedDecember
31, 2023

Record dateJune 30, 2024

June 30, 2024

June 30, 2023

Cash dividend per share

17,200 yen

15,200 yen

14,800 yen

Total dividends

17,200 yen-

14,800 yen

Effective date

September 2, 2024-

September 1, 2023

Record dateCash dividend per share(2) Class A stock

Dividend source
Retained earnings
Retained earnings
Note: INPEX conducted a stock split at a ratio of 1:400 of common stock effective October 1,
2013. However, for Class A stock (unlisted), no stock split was implemented. The article
specifying that dividends of Class A stock are equivalent to dividends of common stock prior
to the stock split is included in the Articles of Incorporation.

2. Details of the revision of the year-end dividend forecast(1) Common stock
Dividend per share
At 2nd quarterend

At fiscal year end

Total

38.00 yen

38.00 yen

76.00 yen-

43.00 yen

86.00 yen

Actual dividend per sharefor the fiscal year ending
December 31, 2024

43.00 yen--(Reference) Actual dividend pershare for the fiscal year ended
December 31, 2023

37.00 yen

37.00 yen

74.00 yenPrevious forecast(announced on February 13, 2024)
Revised forecast(announced today)(2) Class A stock
Dividend per share
At 2nd quarterend

At fiscal year end

Total

15,200 yen

15,200 yen

30,400 yen-

17,200 yen

34,400 yen

Actual dividend per sharefor the fiscal year ending
December 31, 2024

17,200 yen--(Reference) Actual dividend pershare for the fiscal year ended
December 31, 2023

14,800 yen

14,800 yen

29,600 yen

Previous forecast(announced on February 13, 2024)
Revised forecast(announced today)

3. Reasons
Based on the shareholder return policy outlined in INPEX Vision@2022, INPEX will, in principle,
maintain stable dividend payouts during the period covered by the medium-term business planfrom fiscal year 2022 to fiscal year 2024 with a total payout ratio of around 40 percent orgreater, and a minimum annual dividend per share of 30 yen. During this period, INPEX will
also strive to strengthen shareholder returns through means including share buybacks basedPublic Relations Group, Corporate Communications UnitAkasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPANon the company’s business environment, financial base and management conditions, etc.
Based on the above policy and “Sustainable Growth of Corporate Value” announced in August
2023, and in view of the steady financial forecast for the year ending December 31, 2024,
INPEX will increase its interim dividend to 43 yen per common stock, up 5 yen from the mostrecent forecast of 38 yen per common stock. INPEX also revised its forecast for its year-end
dividend to 43 yen per common stock, up 5 yen from the most recent forecast of 38 yen percommon stock. As a result, the annual dividend for the fiscal year ending December 31, 2024
is expected to amount to 86 yen per common stock, combining the 43 yen interim dividend andthe 43 yen year-end dividend. INPEX will also revise its interim dividend and forecast for theyear-end dividend of Class A stock (unlisted) for the year ending December 31, 2024, as withthe common stock.
Furthermore, the Board of Directors resolved at a meeting held today for INPEX to acquire its
treasury stock. For details, please refer to “Announcement Concerning Resolution on
Acquisition of Treasury Stock” announced today.
Media Contact: INPEX Tokyo Office, Public Relations Group, Tel) +81-3-5572-0750