September 26, 2023

Publication of “Integrated Report 2023”

Nippon Sanso Holdings Corporation (NSHD) issued our “Integrated Report 2023” on ourwebsite on September 26. Our Integrated Report is published every year to provide anannual report on the Group's Financial information including management strategies
and business overview as well as non-financial information including sustainability
activities to all the stakeholders including our group members as well as investors.

In “Integrated Report 2023”, we have focused on our medium-term management plan
"NS Vision 2026| Enabling the Future" ("NS Vision 2026") announced in May 2022 withthe aim of explaining the value creation story in an easy-to-understand manner, using
specific examples.

The "Integrated Report 2023" is published in PDF format, and we added jump link tocertain pages on our website containing related information to improve accessibility.

Please visit the "Integrated Report" page on our website.

Main Features of Integrated Report 2023
1) Value Creation-Through messages from CEO, presents the strategy for NSHD Group based on theprogress of the NS Vision 2026 and understanding of our business environment.
-As a special feature, introduces our specific efforts related to "Operational Excellence,""Total Electronics," and "Carbon Neutrality" presented from our focused fields defined in
NS Vision 2026.
-Our value creation story indicates the basic concept, the value we provide, and voices1

of our employees, the source of value creation, along with a message from the Head of
Human Resources in the Group.

2) Value Creation in Each Segment
For each segment, clarifies the position in the final year of NS Vision 2026, analyzes themarket position and strengths, perceptions about the business environment, andimportant sustainability items, and explains the direction of the strategy for valuecreation.

3) Corporate Governance
Shares a discussion among Katsumi Nagasawa, the Outside director and theChairperson of the Advisory Committee on Appointments and Remuneration, andYutaka Okuda, the Executive officer, the Group legal, as well as challenges they should
be aware of based on the environment surrounding the NSHD. In addition, presents askill matrix that lists the experience and area of expertise of each member of both theBoard of Directors and the Audit & Supervisory Board.

Contents of Integrated Report 2023
Introduction
Special Feature
Value Creation Story
Performance Highlights
Sustainability
Value Creation in Each BusinessGovernanceGroup Information
Appendix

The Nippon Sanso Holdings Group is the world's fourth-largest supplier of industrial, electronic, and medical gases,
operating in four geographic regions - Japan, U.S., Europe and Asia & Oceania - covering over 30 countries andregions. In addition, the Thermos business supplies THERMOS branded products to more than 120 countries
worldwide. Since its foundation as Nippon Sanso Ltd. in 1910, the group stands for creating social value throughinnovative gas solutions that increase industrial productivity, enhance human well-being and contribute to a moresustainable future. With more than 19,000 employees, together, we are “The Gas Professionals” and we all have thesame goal: “Making life better through gas technology”

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Public Relations
Nshd.Info@nipponsanso-hd.co.jp

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