[Translation for Reference and Convenience Purposed Only]
Code No. 1662
June 28, 2022

To All Shareholders:

Masahiro Fujita, President
Japan Petroleum Exploration Co., Ltd. (JAPEX)
1-7-12 Marunouchi, Chiyoda-ku, Tokyo

Notification of Resolutions
at the 52nd Ordinary General Meeting of the Shareholders
We are pleased to inform you that the following matters were reported and resolved at the 52nd Ordinary
General Meeting of the Shareholders held on June 28, 2022.
Announcements: 1)

2)

Business report and consolidated financial report of the 52nd Term (from April 1,2021 to March 31, 2022), and audit reports from the accounting auditor and Boardof Corporate Auditors on the consolidated financial report
JAPEX reported the foregoing items to the shareholders present at the meeting.
Financial report of the 52nd Term (from April 1, 2021 to March 31, 2022)
JAPEX reported the foregoing item to the shareholders present at the meeting.

Resolution items:
Item 1: Appropriation of Surplus
This item was approved and adopted as proposed. It was decided to pay the year-end dividends of
25 yen per share for the 52nd Term.
Item 2: Partial Amendments to Articles of Incorporation
This item was approved and adopted as proposed. It was decided to clarify the business purpose, toadopt electronic public notices, and, pursuant to the amended Companies Act, to make necessarychanges in accordance with the introduction of a system for electronic provision of materials for thegeneral meeting of shareholders.
Item 3: Election of Eleven (11) Directors
This item was approved and adopted as proposed. Accordingly, eight (8) Directors, Osamu
Watanabe, Masahiro Fujita, Yoshitaka Ishii, Michiro Yamashita, Toshiyuki Hirata, Tetsuo Ito, Yukari
Yamashita, and Hideichi Kawasaki, were reelected, and three (3) Directors, Toshiaki Nakajima,
Kumiko Kitai, and Yoshikuni Sugiyama, were newly elected, and all of them assumed their offices.
Tetsuo Ito, Yukari Yamashita, Hideichi Kawasaki, Kumiko Kitai, and Yoshikuni Sugiyama areOutside Directors.
Item 4: Election of Three (3) Corporate Auditors
This item was approved and adopted as proposed. Accordingly, three (3) Corporate Auditors,
Yoshihiko Motoyama, Chikara Kawakita, and Hiroshi Motoyama, were newly elected, and all of themassumed their offices.
Chikara Kawakita and Hiroshi Motoyama are Outside Corporate Auditors.
Item 5: Revision of the Amount of Compensation for Directors
This item was approved and adopted as proposed. Accordingly, the revised amounts ofcompensation shall be within 50 million yen per month for Directors (within 5 million yen of thatamount per month for Outside Directors). Compensation for Directors shall not include the portion ofcompensation as employees for Directors who also serve as employees, as has been in the past.
---------------------------------------------------------------------------------------------------------------------------------------The Directors, Corporate Auditors and Executive Officers comprising the new management team of theCompany are as follows:Directors and Corporate Auditors
Representative Director and Chairman
Representative Director and President
Representative Director
DirectorDirectorDirector
Outside Director
Outside Director
Outside Director

Chief Executive Officer
Executive Vice President
Senior Managing Executive Officer
Managing Executive Officer
Managing Executive Officer

1

Osamu Watanabe
Masahiro Fujita
Yoshitaka Ishii
Michiro Yamashita
Toshiyuki Hirata
Toshiaki Nakajima
Tetsuo Ito
Yukari Yamashita
Hideichi Kawasaki

[Translation for Reference and Convenience Purposed Only]
Outside Director
Outside Director
Full-time Corporate Auditor
Full-time Corporate Auditor
Outside Corporate Auditor
Outside Corporate Auditor
Executive Officers
Senior Managing Executive Officer
Managing Executive Officer
Managing Executive Officer
Managing Executive Officer
Managing Executive Officer
Managing Executive Officer
Managing Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer

Kumiko Kitai
Yoshikuni Sugiyama
Mitsuyoshi Nakamura
Yoshihiko Motoyama
Chikara Kawakita
Hiroshi Motoyama
Tsuyoshi Suga
Senichiro Kaku
Tadashi Matsunaga
Tsuneta Nakamura
Takamasa Miyadai
Satoshi Abe
Kazuhiko Tezuka
Shinichi Takahata
Tomonori Ikeno
Hirofumi Kasa
Tomomi Yamada
Masanori Nakano
Yasushi NagahamaTadashi Ohama
Akira Yasui###2