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

May 14, 2024
Japan Petroleum Exploration Co., Ltd.

Notice regarding Change of Directors and Audit & Supervisory Board Members
Japan Petroleum Exploration Co., Ltd. (JAPEX) announced that the following change of Directors andAudit & Supervisory Board Members are tentatively resolved at the Board of Directors' meeting held today.
The changes are subject to approval at the 54th ordinary general meeting of shareholders to be held on June26, 2024.

1. Change of Directors (as of June 26, 2024) * Changes are underlined1) Candidate of New Director
Name
FUNATSU Jiro

New Position

Current Position

Director, Managing Executive Officer

Managing Executive Officer

In charge of Administration & Legal Dept.,

In charge of Administration & Legal Dept.,and Human Resources Dept.

and Human Resources Dept.

2) Retirement of Director
Name
WATANABE Osamu

New Position

Current Position
Director,Special Advisor

Special Advisor

2. Change of Audit & Supervisory Board Members (as of June 26, 2024) * Changes are underlined
1) Candidate of New Audit & Supervisory Board Members
Name

New Position

Current Position
Commissioned Advisor

TAKAHATA Shinichi

Audit & Supervisory Board Member

Assistant of the executive in charge ofCorporate Strategy Dept.

KATO Yoshitaka

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

1 / 42) Retirement of Audit & Supervisory Board Members
Name

New Position

Current Position

NAKAMURA Mitsuyoshi-Audit & Supervisory Board Member

MOTOYAMA Hiroshi-

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

Appendix: Executives of Japan Petroleum Exploration Co., Ltd. (as of June 26, 2024)

2 / 4

<Appendix> Executives of Japan Petroleum Exploration Co., Ltd. (as of June 26, 2024)[Directors] (11)
Title

Name
FUJITA Masahiro-

YAMASHITA Michiro-

Director and Chairman
Representative Director and President
Chief Executive Officer
Representative Director

ISHII Yoshitaka

Executive Vice President
Director
Managing Executive Officer

Business Duty

NAKAJIMA Toshiaki

Director

TEZUKA KazuhikoManaging Executive Officer

FUNATSU Jiro

Director(New)Managing Executive Officer

Advisor to President, President of Power Business
Division, in charge of Secretary Office
In charge of Corporate Communication Office,Corporate Strategy Dept.

President of Technical Division
In charge of Administration & Legal Dept., andHuman Resources Dept.

Outside Director

ITO Tetsuo-Outside Director

YAMASHITA Yukari-

Outside Director

KAWASAKI Hideichi-

Outside Director

KITAI Kumiko-Outside Director

SUGIYAMA Yoshikuni-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 Board Member

Outside Audit & Supervisory Board Member

Name
MOTOYAMA Yoshihiko
TAKAHATA Shinichi(New)
KAWAKITA Chikara
KATO Yoshitaka(New)Business Duty----Note) KAWAKITA Chikara and KATO Yoshitaka are the Outside Audit & Supervisory Board Members as stipulated under Article 2-16of the Companies Act of Japan.

3 / 4

[Executive Officers who are not concurrently Director] (13)
Title

Name

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

SUGA Tsuyoshi

Managing Executive Officer

ABE SatoshiPresident of Overseas Business Division I

Managing Executive Officer

IKENO Tomonori

President of Japan Carbon Neutral Division

Managing Executive Officer

KASA Hirofumi

Vice President of Power Business Division

Managing Executive Officer

YAMADA Tomomi

President of Overseas Business Division II

Managing Executive Officer

NAGAHAMA Yasushi

Procurement Dept.

Vice President of Marketing & Sales Division,
General Manager of Hokkaido Marketing & Sales
Office of Marketing & Sales Division
Executive Officer

NAKANO Masanori

Executive Officer

OHAMA Tadashi

Executive Officer

YASUI Akira

Executive Officer

TAKAHASHI Toshihiro

Executive Officer

SUDA Akira

Executive OfficerNISHIMURA Yutaka

Executive Officer

HIRATA Kazunari

General Manager of Nagaoka District Office

In charge of LNG Marketing & Procurement OfficeVice President of Power Business Division

President of Domestic E&P Project Division, incharge of HSE Dept.
President of Gas Supply & Facility EngineeringDivision
In charge of Finance & Accounting Dept., and Deal
Execution/PMI Support Dept.
Vice President of Overseas Business Division I
General Manager of Business Development Dept. I ofOverseas Business Division I[Fellows] (2)Title

NameBusiness DutyFellow

ANRAKU Toshiyuki(Technical Division)

Fellow

TAKANO Osamu(Research Center, Technical Division)Note) Fellows support the Board Members and senior managements by the high degree expertise in the specialized fields.

###4 / 4