[Translation for Reference and Convenience Purposed Only]
Code No. 1662
June 24, 2015
To All Shareholders:
Osamu Watanabe, President
Japan Petroleum Exploration Co., Ltd. (JAPEX)
1-7-12 Marunouchi, Chiyoda-ku, Tokyo

Notification of Resolutions
at the 45th Ordinary General Meeting of the Shareholders
We are pleased to inform you that the following matters were reported and resolved at the 45th Ordinary
General Meeting of the Shareholders held on June 24, 2015.
Announcements: 1)

2)

Business report and consolidated financial report of the 45th Term (from April 1,2014 to March 31, 2015), 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 45th Term (from April 1, 2014 to March 31, 2015)
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 45th Term.
Item 2: Amendments to the Articles of Incorporation
This item was approved and adopted as proposed. Accordingly, JAPEX shall newly establish
Articles that enable the Company to enter into an agreement with each of the Outside Directors andOutside Corporate Auditors to limit their liability.
Item 3: Election of Fourteen (14) Directors
This item was approved and adopted as proposed. Accordingly, ten (10) Directors, Yuji Tanahashi,
Osamu Watanabe, Shoichi Ishii, Kiyoshi Ogino, Nobuyuki Ogura, Kazuo Nakayama, Hikaru
Fukasawa, Yosuke Higai, Shigeru Mitsuya and Motofumi Hyodo, were reelected and four (4)Directors, Yasuhiro Masui, Kazuhiko Ozeki, Yoriko Kawaguchi and Akira Kojima, were newly
elected, and all of them assumed their offices.
Yoriko Kawaguchi and Akira Kojima are Outside Directors.
Item 4: Election of One (1) Corporate Auditor
This item was approved and adopted as proposed. Accordingly, one (1) Corporate Auditor,
Hiroyasu Watanabe, was newly elected and assumed his office.
Hiroyasu Watanabe is an Outside Corporate Auditor.
Item 5: Awarding Retirement Benefits and Condolence Money to Retiring Directors and Retiring
Corporate Auditor and Final Payment of Retirement Benefits in Conjunction with the
Abolishment of the Retirement Benefits System for Directors and Corporate Auditors
This item was approved and adopted as proposed. Consequently, retirement benefits or condolencemoney shall be awarded to retiring Directors Junichi Matsumoto, Mitsuru Saito and Hitoshi Yamatoya,retiring Corporate Auditor Masahiko Kadotani, and the late Director Kazuo Kawakami according to
the standards specified by JAPEX in recognition of service during their respective tenures. The
specific amount, period, and method of payment, etc. for the retiring Directors shall be entrusted todeliberation by the Board of Directors, and similar specific matters for the retiring Corporate Auditor
shall be consulted by Corporate Auditors.
In addition, retirement benefits shall be awarded as the final payment in conjunction with theabolishment of the retirement benefits system, as proposed, according to the standards specified by
JAPEX, to reelected Directors Yuji Tanahashi, Osamu Watanabe, Shoichi Ishii, Kiyoshi Ogino,
Nobuyuki Ogura, Kazuo Nakayama, Hikaru Fukasawa, Yosuke Higai, Shigeru Mitsuya and Motofumi
Hyodo, and incumbent Corporate Auditors Nobuaki Moritani, Morio Ishizeki and Norio Nakajima, inrecognition of services during their respective tenures until the closing of the 45th Ordinary General
Meeting of the Shareholders. The timing of such payment shall be at the time of retirement of each
Director and Corporate Auditor. The specific amount, method of payment, etc. for the above Directors
shall be entrusted to deliberation by the Board of Directors, and similar specific matters for the above
Corporate Auditors shall be consulted by Corporate Auditors.

1[Translation for Reference and Convenience Purposed Only]

Item 6:Item 7:

Revision to Remuneration for Directors and Corporate Auditors
This item was approved and adopted as proposed. Accordingly, the revised amounts ofremuneration shall be within 50 million yen per month for Directors (within 3 million yen of thatamount per month for Outside Directors) and within 8 million yen per month for Corporate Auditors.
Remuneration for Directors shall not include the portion of remuneration as employees for Directors
who also serve as employees, as has been in the past.
Payment of Bonuses to Directors and Corporate Auditors
This item was approved and adopted as proposed. A total bonus amount of 98,799,000 yen(93,999,000 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 45th Ordinary General Meeting of the Shareholders
closed, Representative Directors, Directors with Titles and Executive Officers were appointed and assumed theiroffices. As a consequence, Directors and Executive Officers of the Company are as follows:
Director, Chairman
Represent Director, President
Represent Director, Executive Vice President
Represent Director, Executive Vice President
Senior Managing Director
Senior Managing Director
Senior Managing Director
Managing Director
Managing Director
Managing Director
Managing Director
Managing Director
Director
Director
Managing Executive Officer
Managing Executive Officer
Managing Executive Officer
Managing Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer

Chief Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer

Yuji Tanahashi
Osamu Watanabe
Shoichi Ishii
Kiyoshi Ogino
Nobuyuki Ogura
Kazuo Nakayama
Hikaru Fukasawa
Yosuke Higai
Shigeru Mitsuya
Motofumi Hyodo
Yasuhiro Masui
Kazuhiko Ozeki
Yoriko Kawaguchi
Akira Kojima
Takahisa Inoue
Hajime Ito
Hirotaka Tanaka
Toshiyuki Hirata
Yoya Murahashi
Yasushi Hamada
Michiro Yamashita
Yoshitaka Ishii
Akihisa Takahashi
Tamio Wachi
Ryuhei Murayama
Hideaki Ishii
Kunio Suga---------------------------------------------------------------------------------------------------------------------------------------<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 25, 2015 to July 27, 2015.
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