[Translation for Reference and Convenience Purposed Only]
Code No. 1662
June 24, 2016
To All Shareholders:Hideichi Okada, President
Japan Petroleum Exploration Co., Ltd. (JAPEX)
1-7-12 Marunouchi, Chiyoda-ku, Tokyo

Notification of Resolutions
at the 46th Ordinary General Meeting of the Shareholders
We are pleased to inform you that the following matters were reported and resolved at the 46th Ordinary
General Meeting of the Shareholders held on June 24, 2016.
Announcements: 1)

2)

Business report and consolidated financial report of the 46th Term (from April 1,2015 to March 31, 2016), and audit reports from the accounting auditor and Boardof Corporate Auditors on the consolidated financial report
JAPEX reported the foregoing items to the shareholders present at the meeting.
Financial report of the 46th Term (from April 1, 2015 to March 31, 2016)
JAPEX reported the foregoing item to the shareholders present at the meeting.

Resolution items:
Item 1: Appropriation of Surplus
This item was approved and adopted as proposed. It was decided to pay the year-end dividends of
25 yen per share for the 46th Term.
Item 2: Election of Five (5) Directors
This item was approved and adopted as proposed. Accordingly, five (5) Directors, Hideichi Okada,Takahisa Inoue, Hajime Ito, Hirotaka Tanaka, and Tetsuo Ito, were newly elected, and all of themassumed their offices.
Tetsuo Ito is an Outside Director.
Item 3: Revision to Remuneration for Directors
This item was approved and adopted as proposed. Accordingly, the revised amounts ofremuneration shall be within 50 million yen per month for Directors (within 4 million yen of thatamount per month for Outside Directors). Remuneration for Directors shall not include the portion ofremuneration as employees for Directors who also serve as employees, as has been in the past.
Item 4: Payment of Bonuses to Directors and Corporate Auditors
This item was approved and adopted as proposed. A total bonus amount of 49,157,455 yen(44,357,455 yen for Directors and 4,800,000 yen for Corporate Auditors) will be paid to Directors andCorporate Auditors.
---------------------------------------------------------------------------------------------------------------------------------------At the Meeting of the Board of Directors, held after the 46th Ordinary General Meeting of the Shareholders
closed, Representative Directors, Directors with Titles and Executive Officers were appointed and assumed theiroffices as follows:
Representative Director, Chairman
Representative Director, President
Executive Vice President
Senior Managing Director
Managing Director
Managing Director
Managing Director
Managing Executive Officer
Managing Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer

Osamu Watanabe
Chief Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer

Hideichi Okada
Nobuyuki Ogura
Yosuke Higai
Takahisa Inoue
Hajime Ito
Hirotaka Tanaka
Michiro Yamashita
Kunio Suga
Kenji Uchida
Senichiro Kaku
Minoru Kuniyasu
Yasuo Takehana(Representative Director,President)(Senior Managing Director)(Managing Director)(Managing Executive Officer)(Managing Executive Officer)(Managing Executive Officer)(Executive Officer)(Executive Officer)----------------------------------------------------------------------------------------------------------------------------------------1

[Translation for Reference and Convenience Purposed Only]<Dividend Payments>
Shareholders who have requested that dividend payments be made by transfer to a bank or otherfinancial institution are asked to confirm the enclosed documents to receive the dividend.
Shareholders who have not requested that dividend payments be made by transfer to a bank or otherfinancial institution may receive their dividend payments at their nearby branch of JAPAN POST BANK Co.,
Ltd. and post office (banking agency) as indicated in the enclosed Receipt of Year-end Dividends. The period forreceiving payment is from June 27, 2016 to July 27, 2016.
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