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

May 13, 2022
Company Name:
Securities Code:
Representative:
Inquiries:
TEL:

Japan Petroleum Exploration Co., Ltd. (JAPEX)
1662 (Prime Market of the Tokyo Stock Exchange)
FUJITA Masahiro, Representative Director and President
Corporate Communication Office+81-3-6268-7110

Changes of Representative Director, Director, and Audit & Supervisory Board Member

Japan Petroleum Exploration Co., Ltd. (JAPEX) announced that the following changes of Representative
Director, Director, and Audit & Supervisory Board Member are tentatively decided at a board of directors
meeting held today. The changes are subject to approval at the 52nd ordinary general meeting of shareholders
to be held on June 28, 2022.

1. Change of Representative Director (as of June 28, 2022) * Change is underlined
1) Representative Director to be retired
Name
OZEKI Kazuhiko

New Position

Current Position
Representative Director

AdvisorAdvisor

2) Reason of Change
Due to the expiration of term of office

2. Changes of Director (as of June 28, 2022) * Changes are underlined
1) Candidates of New Director
Name

New Position

Current Position

Director, Managing Executive Officer

Managing Executive Officer

In charge of Corporate Communication

In charge of Corporate Communication

Office, and Corporate Strategy Dept.

Office, and Corporate Strategy Dept.

KITAI KumikoOutside Director *-SUGIYAMA Yoshikuni

Outside Director *-NAKAJIMA Toshiaki* The Outside Directors are stipulated under Article 2-15 of the Companies Act of Japan.

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2) Directors to be retired
Name

New Position

ITO Hajime

Advisor

KOJIMA Akira-Current Position
Director
AdvisorOutside Director ** The Outside Director is stipulated under Article 2-15 of the Companies Act of Japan.

3. Changes of Audit & Supervisory Board Member (as of June 28, 2022) * Changes are underlined
1) Candidates of New Audit & Supervisory Board MemberName

New Position

Current Position
Commissioned Advisor

MOTOYAMA Yoshihiko

Audit & Supervisory Board Member

Audit & Supervisory Board Member ofJapex Offshore Ltd.

KAWAKITA Chikara

MOTOYAMA Hiroshi

Outside Audit & Supervisory Board
Member **Outside Audit & Supervisory Board
Member **--** The Outside Audit & Supervisory Board Members are stipulated under Article 2-16 of the Companies Act of Japan.

2) Audit & Supervisory Board Members to be retiredName

New Position

SHIMOMURA Koichi-WATANABE Hiroyasu-NAKAJIMA Norio-Current Position
Audit & Supervisory Board Member

Outside Audit & Supervisory Board
Member **Outside Audit & Supervisory Board
Member **** The Outside Audit & Supervisory Board Members are stipulated under Article 2-16 of the Companies Act of Japan.

Appendix: Executives of Japan Petroleum Exploration Co., Ltd. (as of June 28, 2022)

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<Appendix> Executives of Japan Petroleum Exploration Co., Ltd. (as of June 28, 2022)[Directors] (11)
Title

Name

Representative Director and Chairman

WATANABE Osamu-

FUJITA Masahiro-

Representative Director and PresidentChief Executive Officer

Business Duty

Advisor to President, President of Power Business

Representative Director

ISHII Yoshitaka

Executive Vice President

Division, in charge of Secretary Office, Responsible forCarbon Neutral Related BusinessDirector

YAMASHITA Michiro

Senior Managing Executive Officer
Director
Managing Executive Officer
Director

In charge of Finance & Accounting Dept., and Deal
Execution/PMI Support Dept.

HIRATA Toshiyuki

President of Overseas Business Division I

NAKAJIMA Toshiaki

In charge of Corporate Communication Office, and(New)Managing Executive Officer

Corporate Strategy Dept.

Outside Director

ITO Tetsuo-Outside Director

YAMASHITA Yukari-Outside Director

KAWASAKI Hideichi-KITAI KumikoOutside Director(New)SUGIYAMA Yoshikuni

Outside Director(New)--Note) ITO Tetsuo, YAMASHITA Yukari, KAWASAKI Hideichi, KITAI Kumiko, and SUGIYAMA Yoshikuni are the Outside Directors as stipulated
under Article 2-15 of the Companies Act of Japan.

[Audit & Supervisory Board Members] (4)Title
Audit & Supervisory Board Member

Audit & Supervisory Board Member
Outside Audit & Supervisory BoardMember
Outside Audit & Supervisory BoardMember

NameBusiness Duty

NAKAMURA Mitsuyoshi
MOTOYAMA Yoshihiko(New)
KAWAKITA Chikara(New)
MOTOYAMA Hiroshi(New)----Note) KAWAKITA Chikara and MOTOYAMA Hiroshi are the Outside Audit & Supervisory Board Members as stipulated under Article 2-16 of theCompanies Act of Japan.

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[Executive Officers who are not concurrently Director] (15)
Title

Name

Business Duty
President of Marketing & Sales Division, in charge ofSenior Managing Executive Officer

SUGA Tsuyoshi

Managing Executive Officer

KAKU Senichiro

Managing Executive Officer

MATSUNAGA Tadashi

Managing Executive Officer

NAKAMURA Tsuneta

Managing Executive Officer

MIYADAI Takamasa

Managing Executive Officer

ABE Satoshi

Managing Executive Officer

TEZUKA Kazuhiko

President of Technical Division

Executive Officer

TAKAHATA Shinichi

General Manager of Nagaoka District Office

Executive Officer

IKENO Tomonori

Executive Officer

KASA Hirofumi

Executive Officer

YAMADA Tomomi

Executive Officer

NAKANO Masanori

Executive Officer

NAGAHAMA Yasushi

Procurement Dept.
President of Gas Supply & Facility Engineering Division
In charge of Internal Control, Administration & Legal Dept.,
Human Resource Dept., and Information Technology Dept.

President of Domestic E&P Project Division, in charge ofHSE Dept.
Vice President of Domestic E&P Project Division, Vice
President of Gas Supply & Facility Engineering Division
President of Overseas Business Division II

In charge of Environmental Business Promotion Dept.
and New Business Promotion Dept.
Vice President of Power Business Division
Vice President of Overseas Business Division II, Advisor
to President of Technical Division
General Manager of Soma District OfficeVice President of Marketing & Sales Division,
General Manager of Hokkaido Marketing & Sales Officeof Marketing & Sales Division

Executive Officer

OHAMA Tadashi

Executive Officer

YASUI Akira

In charge of LNG Marketing & Procurement OfficeVice President of Power Business Division[Fellows] (2)TitleNameBusiness Duty

Fellow

WASEDA Amane(Research Center, Technical Division)

Fellow

ANRAKU Toshiyuki(Technical Division)Note) Fellows support the Board Members and senior managements by the high degree expertise in the specialized fields.

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