Public Relations Group, Corporate Communications Unit

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

August 10, 2021

Notice Concerning Interim Dividend Increase and Dividend Forecast Revisionfor Fiscal Year Ending December 31, 2021
TOKYO, JAPAN - INPEX CORPORATION (INPEX) announced today that a decision wasmade at a meeting of the Board of Directors held on August 10, 2021 to increase the interim
dividend for the six months ended June 30, 2021 and revise the year-end dividend forecast for
the year ending December 31, 2021 with December 31, 2021 as the date of record, as follows:

Reasons for interim dividend increase and dividend forecast revision
Based on the shareholder return policy outlined in the Medium-term Business Plan 20182022 announced in May 2018, INPEX seeks in principle to maintain stable dividend payouts
and enhance shareholder returns in stages during the period covered by the business planin accordance with the improvement in the Company’s financial performance, with thepayout ratio set at 30% or higher.
As announced today in the company’s consolidated financial results for the six months
ended June 30, 2021 and revised financial forecasts for the fiscal year ending December 31,2021, INPEX increased its interim dividend by 3.5 yen per common stock from 16.5 yen to
20 yen based on strong financial forecasts for the current fiscal year and in line withshareholder return policy outlined above. In addition, INPEX plans to increase the year-end
dividend for the fiscal year ending December 31, 2021 by 3.5 yen per common stock from
16.5 yen to 20 yen. As a result, the annual dividend for the fiscal year ending December 31,
2021 is expected to amount to 40 yen per common stock, combining the 20 yen interim
dividend and the 20 yen year-end dividend.

・Dividends of common stock
Cash dividends per share

Previous forecasts(May 13, 2021)

End of

End of

2nd quarterfiscal year

16.50 yen

16.50 yen

33.00 yen

20.00 yen

40.00 yen

12.00 yen

24.00 yen

Revised forecasts
Dividends for current fiscal year
ending December 31, 2021
Total dividends
Effective date
Dividend source

Total

20.00 yen
29,207million yen
September 1, 2021
Retained earnings

Reference:
Dividends for the year ended

12.00 yen

December 31, 2020
INPEX will also revise the interim dividend and the year-end dividend for the year ending
December 31, 2021 for Class A stock (not listed).
・Dividends of Class A stock
Cash dividends per share

Previous forecasts(May 13, 2021)

End ofEnd of

2nd quarterfiscal year

6,600 yen

6,600 yen

13,200 yen

8,000 yen

16,000 yen

Revised forecasts
Dividends for current fiscal year
ending December 31, 2021
Total dividends

8,000 yen
8,000 yen

Total

Public Relations Group, Corporate Communications Unit

Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPANEffective date
Dividend source

September 1, 2021
Retained earnings

Reference:
Dividends for the year ended

4,800 yen

4,800 yen

9,600 yen

December 31, 2020
(Note): INPEX conducted a stock split at a ratio of 1:400 of common stock effective October
1, 2013. However, for Class A stock (not listed), 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.
Media Contact: INPEX Tokyo Office, Public Relations Group, Tel) +81-3-5572-0233