This document is an English translation of a news release on May 15, 2014, made initially inJapanese. The Japanese original should be considered as the primary version.

FOR IMMEDIATE RELEASE

Itochu Enex Co., Ltd.
Representative: Kenji Okada, President
Stock code: 8133, Tokyo Stock Exchange, 1st Section
Contact: Masatsugu Takashima
General Manager for Investigation & Public Relations Department
Tel: +81-3-6327-8003

Amendments to the Articles of Incorporation
Itochu Enex Co., Ltd. (“Enex”) hereby announces that Enex has resolved, at a meeting of its Boardof Directors held today, to submit a proposal to amend the Articles of Incorporation to the 54th
annual general meeting of shareholders scheduled to be held on June 19, 2014 as described below.

1. Reasons for the Amendments to the Articles of Incorporation(1) To make an addition to the business purposes set forth in Article 2 in response to diversificationin the business types engaged in by Enex.
(2) To newly establish Article 20 (Exemption of Responsibility of Directors) and Article 27(Exemption of Responsibility of Corporate Auditors) as provisions stating that Enex may exempt
Directors and Corporate Auditors of their responsibilities to the extent permitted under the laws
and regulations by resolution of the Board of Directors, in order to enable them to sufficiently
perform their expected roles, and that Enex may enter into limitation of liability contracts with its
Outside Directors and Outside Corporate Auditors, in order to secure personnel that areappropriate for these positions and enable them to fully perform their expected roles.
The agreement of all Corporate Auditors has been secured for the new establishment of Article 20(Exemption of Responsibility of Directors).
(3) To change the set number of Executive Officers set forth in Article 27 (Article 29 after theamendments) from no more than 20 persons to no more than 25 persons, in order to prepare forbusiness expansion and develop a management structure capable of responding swiftly tochanges in the operating environment.

2. Contents of the Amendments
Contents of the amendments are as listed below.
Current Articles of Incorporation
Article 2. (Purpose)
The purpose of the Company shall be to engage
in the following business:
1. to 23. (Provisions omitted)(Underlined parts represent changes.)
Proposed amendments
Article 2. (Purpose)
The purpose of the Company shall be to engage
in the following business:
1. to 23. (Unchanged)

24. Sale of electric power under the Electricity
Business Act, supply of electricity toautomobiles and others, and sale, agency andleasing businesses of charging facilities

24. Sale and production of electric power under
the Electricity Business Act, supply of electricity
to automobiles and others, and sale, agency andleasing businesses of charging facilities

25. to 38. (Provisions omitted)

25. to 38. (Unchanged)(New)

Article 20. (Exemption of Responsibility ofDirectors)
As long as there are good faith and no grossnegligence regarding the responsibilities
indicated under Article 423, Paragraph 1 of theCompanies Act, the Company may exempt
Directors (including past Directors) of their
responsibilities to the extent permitted under thelaws and regulations by resolution of the Boardof Directors.
ii) As long as there are good faith and no grossnegligence regarding the responsibilities for theOutside Directors as indicated under Article 423,
Paragraph 1 of the Companies Act, the Company
may enter into contract with the Outside
Directors that limits responsibility to the extent
permitted under the laws and regulations.

Article 20. (Regulations of the Board ofDirectors)
In addition to the preceding three (3) Articles,
matters relating to the Board of Directors shallbe governed by the Regulations of the Board ofDirectors established by the Board of Directors.

Article 21. (Regulations of the Board ofDirectors)
In addition to the preceding four (4) Articles,
matters relating to the Board of Directors shallbe governed by the Regulations of the Board ofDirectors established by the Board of Directors.

Article 21. to Article 25. (Provisions omitted)

Article 22. to Article 26. (Unchanged)

Current Articles of Incorporation(New)

Proposed amendments
Article 27. (Exemption of Responsibility ofCorporate Auditors)
As long as there are good faith and no grossnegligence regarding the responsibilities
indicated under Article 423, Paragraph 1 of theCompanies Act, the Company may exempt
Corporate Auditors (including past CorporateAuditors) of their responsibilities to the extent
permitted under the laws and regulations byresolution of the Board of Directors.
ii) As long as there are good faith and no grossnegligence regarding the responsibilities for theOutside Corporate Auditors as indicated underArticle 423, Paragraph 1 of the Companies Act,the Company may enter into contract with theOutside Corporate Auditors that limits
responsibility to the extent permitted under thelaws and regulations.

Article 26. (Regulations of the Board ofCorporate Auditors)
In addition to the preceding two (2) Articles,
matters relating to the Board of Corporate
Auditors shall be governed by the Regulations ofthe Board of Corporate Auditors established bythe Board of Corporate Auditors.

Article 28. (Regulations of the Board ofCorporate Auditors)
In addition to the preceding three (3) Articles,
matters relating to the Board of Corporate
Auditors shall be governed by the Regulations ofthe Board of Corporate Auditors established by
the Board of Corporate Auditors.

Article 27. (Executive Officers)
The Executive Officers of the Company shallnumber no more than twenty (20) persons, andthey shall be elected by resolution of the Boardof Directors.

Article 29. (Executive Officers)
The Executive Officers of the Company shallnumber no more than twenty-five (25) persons,and they shall be elected by resolution of theBoard of Directors.

Article 28. to Article 32. (Provisions omitted)

Article 30. to Article 34. (Unchanged)

3. Schedule
Date of general meeting of shareholders for amendments to the Article of Incorporation: June 19, 2014
Effective date of amendments to the Articles of Incorporation: June 19, 2014