This document is an English translation of the official Japanese version of the Press Release (the“Official Japanese Version”). This English translation was prepared for your reference, to help you
understand what is stated in the Official Japanese Version. In the event of any discrepancy between theOfficial Japanese Version and this English translation, the Official Japanese Version will prevail.
February 16, 2021
To Whom It May Concern,
Company name:
Representative:
Stock listing:Code number:Contact:
Telephone:

Nippon Steel Corporation
Eiji Hashimoto, Representative Director and President
First Section of the TSE, First Section of the NSE, FSE, and SSE
5401
Shinnosuke Arita, General Manager, Public Relations Center+81-3-6867- 2135, 2146, 2977, 3419

(Amendment) Notice regarding Partial Amendment of the “Notice Regarding theCommencement of a Tender Offer for Tokyo Rope Mfg. Co., Ltd.’s Shares (Securities Code:5981)”
Nippon Steel Corporation (“NSC”) commenced a tender offer (the “Tender Offer”) under the Financial
Instruments and Exchange Act of Japan (Act No. 25 of 1948, as amended) for shares of the common
stock of Tokyo Rope Mfg. Co., Ltd. (securities code: 5981, First Section of the Tokyo Stock Exchange,Inc.; the “Target Company”) on January 22, 2021. NSC hereby announces that some portions of thenotice should be amended, since they are now understood to be as stated below upon completion of its
confirmation of the shares in the Target Company owned by specially related parties.
The amended portions are indicated with underline.
***2.

Overview of the Purchase(6)

Changes in the Ownership Ratio of Shares as a Result of the Purchase(Before amendment)
Number of voting rights pertaining toshares owned by the Tender Offeror
before the purchase
Number of voting rights pertaining toshares owned by specially relatedparties before the purchase
Number of voting rights pertaining toshares owned by the Tender Offeror
after the purchase
Number of voting rights pertaining toshares owned by specially relatedparties after the purchase
Number of voting rights of allshareholders of the Target Company(Note 1)

16,109 voting rights(Ownership ratio of shares before
the purchase 9.91%)

0 voting rights(Ownership ratio of shares before
the purchase 0.00%)

32,364 voting rights(Ownership ratio of shares afterthe purchase 19.91%)

0 voting rights(Ownership ratio of shares afterthe purchase 0.00%)

161,823 voting rights

The “number of voting rights pertaining to shares owned by the Tender Offeror after thepurchase” is the number obtained by adding the number of the voting rights pertaining
to the number of shares to be purchased in the Tender Offer to the “number of votingrights pertaining to shares owned by the Tender Offeror before the purchase.”(Note 2)

The “number of voting rights pertaining to shares owned by specially related parties
before the purchase” is the sum of the number of voting rights pertaining to shares
owned by each specially related party (however, among the specially related parties,
those excluded from the definition of specially related party under Article 3, paragraph(2), item (i) of the Cabinet Office Ordinance for the purpose of calculating theownership ratio of shares as set forth in the items of paragraph (1) of Article 27-2 of theAct shall be excluded). Since the shares owned by specially related parties are also
subject to the Tender Offer, the “number of voting rights pertaining to shares owned by
specially related parties after the purchase” is stated as 0 voting rights. In addition, after
confirming the shares of the Target Company owned by specially related parties, ifamendment is required, NSC will promptly disclose the amendment.
<omitted below>(After amendment)
Number of voting rights pertaining toshares owned by the Tender Offeror
before the purchase
Number of voting rights pertaining toshares owned by specially relatedparties before the purchase
Number of voting rights pertaining toshares owned by the Tender Offeror
after the purchase
Number of voting rights pertaining toshares owned by specially relatedparties after the purchase
Number of voting rights of allshareholders of the Target Company

16,109 voting rights(Ownership ratio of shares before
the purchase 9.91%)

335 voting rights(Ownership ratio of shares before
the purchase 0.21%)

32,364 voting rights(Ownership ratio of shares after
the purchase 19.91%)

335 voting rights(Ownership ratio of shares after
the purchase 0.21%)

161,823 voting rights(Note 1)The “number of voting rights pertaining to shares owned by the Tender Offeror after thepurchase” is the number obtained by adding the number of the voting rights pertaining
to the number of shares to be purchased in the Tender Offer to the “number of voting
rights pertaining to shares owned by the Tender Offeror before the purchase.”(Note 2)The “number of voting rights pertaining to shares owned by specially related parties
before the purchase” is the sum of the number of voting rights pertaining to shares
owned by each specially related party (however, among the specially related parties,
those excluded from the definition of specially related party under Article 3, paragraph(2), item (i) of the Cabinet Office Ordinance for the purpose of calculating theownership ratio of shares as set forth in the items of paragraph (1) of Article 27-2 of theAct shall be excluded). Since the shares owned by the specially related parties are also
subject to the Tender Offer, if a specially related party tenders its shares, the Tendered
Shares of the specially related party will be purchased in the entirety or purchased using
the pro rata method. In the case of such purchase(s), the “number of voting rights
pertaining to shares owned by specially related parties after the purchase” and the“ownership ratio of shares after the purchase” above will be below 335 voting rights
and 0.21%, respectively.
<omitted below>
End-2-[Restriction on Solicitation]
This press release is a news statement to publicly release the Tender Offer, and was not prepared forthe purpose of soliciting a tender for a sale. If you intend to tender an offer to sell the shares in theTender Offer, please make sure that you refer to the Tender Offer Explanatory Document regarding
the Tender Offer in advance, and make the tender at your own discretion. This press release is not atender for, or a solicitation for a tender for, a sale or purchase of securities, and does not constitute apart of the foregoing. In addition, this press release (or any part of it) and any distribution hereof will
not be the basis for any agreement concerning the Tender Offer, nor will it be relied upon when
executing any such agreement.
[Prediction of the Future]
NSC does not promise that the projections expressed or implied as “forward-looking statements” will
ultimately be accurate. The “forward-looking statements” in this press release have been preparedbased on information available to NSC as of the date hereof, and unless otherwise required by law or
regulations, NSC will not be responsible for updating or otherwise revising such forward-looking
statements in order to reflect any future event(s) or circumstances.
[Regulations of the United States]
Unless the Tender Offer can be implemented in compliance with applicable laws and various
regulations in the United States, NSC will not conduct the Tender Offer for the United States or to aUnited States person (within the meaning of “United States person” provided in Regulation S of theSecurities Act of 1933; hereinafter the same in this section). In this case, applications for shares ofthe Target Company related to the Tender Offer by any means, usage, or method, or through anyfacility, cannot be conducted from the United States, within the United States, or by those existing orresiding the United States, or by any person acting by calculation of a United States person or for theprofit of a United States person.
[Other Countries]
In certain countries or regions, the announcement, issuance, or distribution of this press release may
be restricted by laws or regulations. In such cases, you are required to be aware of such restrictions
and to comply with them. This press release does not constitute any solicitation of an offer to sell oroffer to purchase shares in relation to the Tender Offer, and shall be considered as a mere distributionof informational materials.

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