Note: The following press release is an English translation of the Japanese-language original

May 12, 2017
Company Name:Japan Petroleum Exploration Co., Ltd. (JAPEX)Securities Code:

1662

Representative:

Hideichi Okada, President

Inquiries:

Media and Investor Relations Dept.

Tel:+81-3-6268-7110

Notice Regarding Change of Representative Director and Other Management
Japan Petroleum Exploration Co., Ltd. (JAPEX) held the Board of Directors' meeting today and resolved tomake the following changes in a representative directors, directors, and executive officers.
This matter is planned to propose as an agenda item to the 47th Ordinary General Meeting of Shareholders
scheduled on June 28, 2017.

1. Change of Representative Director (as of June 28, 2017)(1) Retiring Representative Director
NameNew Title

Current Title
Representative Director, Executive Vice President
and Executive Officer
Assistant for President (Technology) and President

Kiyoshi Ogino

Advisorof Technical Division, President of HSE Dept.,
President of Canada Oil Sands Project Dept.
President of Canada Oil Sands Co., Ltd.*(*to retire on June 29, 2017)(Reason of Change)
In accordance with expiration of the term of office

2. Changes of Director (as of June 28, 2017)(1) Candidates of new Director
NameToshiyuki Hirata

New Title

Current Title

Managing Director and Executive Officer

Managing Executive Officer

President of Canada Oil Sands Project Dept.

Advisor to President of Canada Oil Sands Project

President of Canada Oil Sands Co., Ltd.*Dept.

(*to be appointed on June 29, 2017)

President of Japan Canada Oil Sands Limited

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(2) Changes of Director
Name

New Title

Current Title

Managing Director and Executive Officer
Yasuhiro Masui

President of Technical Division and Presidentof HSE Dept.

Takahisa Inoue

Managing Director and Executive Officer
President of Domestic E&P Project Division
Managing Director and Executive Officer

Hajime Ito

President of Americas & Russia ProjectDivision

Managing Director and Executive Officer
President of Americas & Russia Project Division
Managing Director and Executive Officer
President of Domestic E&P Project Division, Vice
President of Soma Project Division
Managing Director and Executive Officer
Vice President of Americas & Russia Project
Division and Advisor to President of Canada Oil
Sands Project Dept.

(3) Retiring Directors
NameNew Title

Current Title
Director, Executive Vice President and ExecutiveAdvisor
Nobuyuki Ogura

Counselor of SK Engineering Co., Ltd.*(*to be appointed on June 15, 2017)

Kazuo Nakayama

OfficerPresident of SK Engineering Co., Ltd.*(*to retire on June 15, 2017)
Senior Managing Director and Executive Officer

AdvisorPresident of Human Resource Dept.

3. Changes of Audit & Supervisory Board Member (as of June 28, 2017)(1) Candidate of new Audit & Supervisory Board Member
Name

New Title

Current Title
Executive Officer
Advisor to President of Middle East, Africa &Kenji Uchida

Europe Project Division and Chief Representative

Audit & Supervisory Board Memberof Dubai Representative Office, Middle East, Africa& Europe Project Division*(*retiring on May 21, 2017)(2) Retiring Audit & Supervisory Board Member
Name

New Title

Nobuaki Moritani-Current Title
Audit & Supervisory Board Member

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4. Changes of Executive Officer (as of June 28, 2017)(1) Candidates of new Executive Officer
Name

New Title

Current Title

Executive Officer
Junichiro Ando

Vice President of Americas & Russia ProjectDivision

General Manager of Canada LNG Project Dept.,
Americas& Russia Project Division

Executive Officer
Mitsugu Takemura

President of SK Engineering Co., Ltd.*

Vice President of Domestic E&P Project Division(*to be appointed on June 15, 2017)
Tadashi Matsunaga

Tsuyoshi Suga

Executive Officer

General Manager of Human Resource Dept.

President of Human Resource Dept.

General Manager of Gas Pipeline Transportation

Executive Officer
Vice President of Marketing & Sales Division

Dept. and LNG Associated Business Promotion
Dept., Soma Project Division(2) Advancement of Executive Officer
Name
Yoshitaka Ishii

New Title

Current Title

Managing Executive Officer

Executive Officer

General Manager of Nagaoka District Office

General Manager of Nagaoka District Office(3) Change of Executive Officer
Name

New Title

Current Title
Managing Executive Officer

Michiro Yamashita

Managing Executive Officer

President of Finance & Accounting Dept. andPresident of Finance & Accounting Dept.

Advisor to President of Asia & Oceania ProjectDivision(4) Retiring Executive Officers
Name

New Title

Current Title

Representative Director and Senior Managing
Yoya Murahashi

Director of Japex Offshore Ltd.*

General Manager of Akita District Office(*to be appointed on June 27, 2017)
Representative Director and Vice President ofHideaki Ishii

Executive Officer

TOHOKU NATURAL GAS Co., Inc.*(*to be appointed on June 20, 2017)

Executive Officer
Vice President of Marketing & Sales DivisionExecutive Officer
Advisor to President of Middle East, Africa &Kenji Uchida

Europe Project Division and Chief Representative

Audit & Supervisory Board Memberof Dubai Representative Office, Middle East, Africa& Europe Project Division*(*retiring on May 21, 2017)###3/3