September 13, 2024
Company
name:Representative:GS Yuasa Corporation

President andTakashi Abe
Representative
Director, CEO(TSE code: 6674, Prime Market)
Inquiries: Director and CFO
Hiroaki Matsushima(TEL. 075-312-1211)

Notice Regarding the Pricing of Sustainability-Linked Bonds
GS Yuasa Corporation (Tokyo Stock Exchange: 6674 “the Company”) announces today that it has
priced the issuance of Sustainability-Linked Bonds (Note 1) (“the Bonds”), announced on August 26,
2024, as set forth below.
Positioning “committing to people, society, and the global environment” through the “Innovation andGrowth” as its corporate philosophy, the GS Yuasa Group is committed to utilizing advanced technologies
developed in the field of stored energy solutions to deliver security and comfort to our customers aroundthe globe, to make a real contribution to the global effort toward sustainability, and to grow corporate
value.The Company also recognizes that the achievement of carbon neutrality is one of its mostimportant management challenges, and decided on the issuance of the Bonds in an aim to motivate theadvancement of sustainability management and to promote sustainable economic activity and growth interms of both the environment and society.

(1) Bond name(2) Maturity

GS Yuasa Corporation 3rd Unsecured Corporate Bonds(with Pari Passu clause among specified corporate bonds)(Sustainability-Linked Bonds)
5 years(3) Issue amount¥10bn(4) Coupon

0.860% annual(5) Pricing date

September 13, 2024

(6) Payment date

September 20, 2024

(7) Redemption date

September 20, 2029

(8) Bond rating

A (Japan Credit Rating Agency, Ltd. (JCR))(9) KPI

Reduction of CO2 emissions volume (total volume, Scope 1, 2)(10) Sustainability performancetarget (SPT)

21% or higher reduction in CO2 emissions volume in
FY2027 (compared to FY2018)
Observation date: September 29, 2028
If the SPT is not achieved, the Company will, on or before theredemption date, make a donation to an organization, etc. working tofight climate change or purchase emission credits (CO2 reduction
value converted into credits or certificates) at an equivalent of 0.1%of the Bond issue amount(11) Bond characteristics

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(12) Lead managers(13) Structuring agent (Note 2)

Nomura Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley
Securities Co., Ltd., SMBC Nikko Securities Inc.
Nomura Securities Co., Ltd.

(14) Second-party opinion

Japan Credit Rating Agency, Ltd. (JCR)

Sustainability-Linked Finance Framework
https://ir.gs-yuasa.com/en/ir/main/06/teaserItems1/0/linkList/0/link/SLB_framework_e.pdf
Second-party opinion regarding the Sustainability-Linked Finance Framework(JCR)
https://www.gs-yuasa.com/en/nr_pdf/nr20240913.pdf(Note 1) Sustainability-Linked Bonds
Sustainability-Linked Bonds refer to bonds with characteristics that change depending on whether the issuer is able toachieve a pre-set sustainability target. There is no need to place limits on the use of financed funds, but the issuer must
commit to improvement of future results relating to sustainability (sustainability target) within a timeline set at bondissuance. Specifically, a key performance indicator (KPI) is set at bond issuance along with a sustainability performancetarget (SPT) stipulating a target value to achieve for the set KPI, and depending on whether the SPT has been achieved
at a future evaluation of performance, the bond characteristics will change.
(Note 2) Structuring agent
A party that supports the execution of sustainable finance through advice regarding formulation of a framework for
Sustainability-Linked Bonds and on obtaining external reviews including sedond-party opinion.

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