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July 30, 2021
To whom it may concern:

Company name:JGC Holdings Corporation

Representative:

Masayuki Sato
Chairman, Representative Director and Chief
Executive Officer (CEO)(Code number: 1963, Stock Exchange: Tokyo)

Contact:

Akihiro Yamagami
Manager, Corporate Communication Group
Group Management Development Department(TEL: +81-45-682-8026)

Notice Regarding Recording of Extraordinary Loss and Revision of Earnings Forecast

JGC Holdings Corporation (the “Company”) hereby announces that in the first quarter of the fiscalyear 2021 ending March 2022, the Company is planning to record an extraordinary loss on the Ichthys
LNG Project, and as a result, it has decided to revise the full-year forecasts for the fiscal year 2021
ending March 2022 (April 1, 2021 to March 31, 2022), which was disclosed on May 12, this year.

1. Recording of Extraordinary Loss
(1) Summary and Background

The Company formed a joint venture company JKC AUSTRALIA LNG PTY Ltd. (the "JV")with KBR Inc. and Chiyoda Corporation, was awarded a project for the design, procurement
and construction services of an onshore gas liquefaction plant to produce liquefied natural gas
and other products (the "Project") from ICHTHYS LNG PTY Ltd (the "Client"), an equitymethod affiliated company of INPEX Corporation, in 2012. The execution of the Project has
been substantially completed and the plant handed over to the Client in August 2018.
Notwithstanding the above situation, the JV and the Client have not reached a final
settlement about part of the additional costs incurred due to increase in services scope andother factors, and the parties are currently under a few arbitration processes and concurrent
negotiations.
In addition, to fulfill its obligation under the contract with the Client, the JV awarded a fixedprice EPC contract to a subcontractor for the design, procurement, construction andcommissioning of the combined cycle power plant (hereinafter referred to as the “PowerPlant”). The subcontractor was a consortium consisting of General Electric Company,

General Electric International, Inc., UGL Engineering Pty Limited and CH2M Hill Australia
Pty. Limited (hereinafter referred to as a “Consortium”). During the execution of the Ichthys
LNG Project, the Consortium unilaterally repudiated the contract and entered into anarbitration demanding damages. While the JV having hired another subcontractor and paid
the costs to complete the Power Plant, the JV is making a counter-claim under the arbitration,
pursuing recourse against the Consortium to recover all of the costs.
As a result of careful review on the recoverability of costs that have not been collected basedon situation including the recent progress in negotiations and charge in future outlook, we
recognize extraordinary losses ¥59.4 billion in the first quarter of the fiscal year 2021 ending
March 2022.
(2) Future Plan
Negotiations with the Client are continuing towards a final agreement. Should there be any
future event that requires further disclosure, we will make an announcement promptly.
This extraordinary loss is one-time, has no negative impact on our liquidity, and we expect
to be able to maintain a robust financial position. We continue to steadily advance themedium-term management plan "BSP2025" toward the long-term management vision "2040Vision."
2. Revision of the Consolidated Results Forecast(1) Revisions to the consolidated results forecasts for the fiscal year 2021 ending March 2022
(April 1, 2021 to March 31, 2022)

Previous Forecast (A)(Announced on May12, 2021)
Revised Forecast (B)Difference (B－A)
Percentage Increase /Decrease (%)(Reference) Results
for the Fiscal Year
2020 Ended March31, 2021

(Millions of yen)
ProfitAttributableEarnings
to Owners
per Shareof the(Yen)
ParentNet Sales

Operating
IncomeOrdinary
Income470,000

16,00019,00013,00051.50

470,000－

16,000－19,000－△46,000△59,000△182.20－－－－－－

433,970

22,88025,506

5,141

20.37

(2) Main Reasons for the Revision
With the recording of an extraordinary loss related to the Ichthys Project, the profit
attributable to owners of the parent is projected to be a loss of ¥46.0 billion.
The annual dividend for the fiscal year 2021 ending March 2022 remains unchanged at ¥15per share, as announced on May 12, 2021.

(Note) The above forecasts were created based on information available to the Company as of thedate that this revision to earnings forecasts was made, and actual results, etc. may
eventually differ from these forecasts due to a variety of factors.