These documents have been translated from Japanese originals for reference purposes only.
In the event of any discrepancy between these translated documents and the Japanese originals, theoriginals shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or
any other forms of damages arising from the translations.

(Securities Code:7012)
June 28, 2017
Dear Shareholders:
Yoshinori Kanehana
President
Kawasaki Heavy Industries, Ltd.
1-1 Higashikawasaki-cho 3chome,
Chuo-ku, Kobe

RESULT OF EXERCISING VOTING RIGHTS OF THE 194th ORDINARY
GENERAL MEETING OF SHAREHOLDERS
We inform you of the Results of exercising voting rights of the 194th Ordinary General Meeting ofShareholders of Kawasaki Heavy Industries, Ltd. held in Kobe on June 28, 2017 as follows:

1. Date of the Ordinary General Meeting of Shareholders
June 28, 2017

2. Detail of Resolution Matters
Proposal No.1: Appropriation of Surplus
This proposal was approved as originally proposed. The year-end dividend for the194th term per share was determined to be ¥2.

Proposal No.2: Share Consolidation
This proposal was approved as originally proposed. With regard to ordinary sharesissued by the Company, every 10 shares will be consolidated into 1 share. Effective dateof this share consolidation is October 1, 2017.

Proposal No.3: Partial Amendments to the Articles of Incorporation
This proposal was approved as originally proposed. Article 6, 8 and supplementaryprovision of the Articles of Incorporation will be partly amended. Effective date of
reducing the aggregate number of shares which the Company shall have the authority toissue and reducing the number of shares constituting one unit of stock of the Company
from 1,000 shares to 100 shares is October 1, 2017.

Proposal No. 4: Election of Twelve Directors
This proposal was approved as originally proposed. Directors Shigeru Murayama,
Yoshinori Kanehana, Yoshihiko Morita, Munenori Ishikawa, Kazuo Hida, Kenji Tomida,Toshiyuki Kuyama, Kazuo Ota, Makoto Ogawara, Tatsuya Watanabe and Michio Yoneda
were re-elected and have taken office. And also, Director Katsuya Yamamoto wasnewly-elected and has taken office.

Proposal No. 5: Election of Two Corporate Auditors
This proposal was approved as originally proposed. Corporate Auditors Satoru
Kohdera and Atsuko Ishii were newly-elected and have taken office.

Proposal No. 6: Revision of Remuneration Amount for Corporate Auditors
This proposal was approved as originally proposed. The remuneration amount for
Corporate Auditors was set to be ¥120 million or less per fiscal year, after revising from amonthly remuneration to annual remuneration system.

3. Number of voting rights declaring for, against, or abstention concerning the resolution matters,
requirements for passing the resolution matters, and results of voting on the resolution matters
Resolution MattersFor

AgainstAbstention

Approval
Requirements

Resolution Resultsand Approval Rate (%)(Note 4)

Proposal No. 1

1,205,103

6,450－(Note 1)

Approved (98.71)

Proposal No. 2

1,206,6194,938－(Note 2)

Approved (98.83)

Proposal No. 3

1,206,959

4,596－(Note 2)

Approved (98.86)

Proposal No. 4(Note 3)

Shigeru Murayama

1,167,725

38,326

5,487

Approved (95.65)

Yoshinori Kanehana

1,183,815

22,242

5,487

Approved (96.97)

Yoshihiko Morita

1,201,464

10,080－Approved (98.41)

Munenori Ishikawa

1,185,624

25,919－Approved (97.11)

Kazuo Hida

1,185,650

25,893－

Approved (97.12)

Kenji Tomida

1,185,265

26,278－

Approved (97.08)

Toshiyuki Kuyama

1,185,456

26,087－

Approved (97.10)

Kazuo Oota

1,185,390

26,153－

Approved (97.09)

Makoto Ogawara

1,185,375

26,168－

Approved (97.09)

Tatsuya Watanabe

1,185,368

26,175－

Approved (97.09)

Michio Yoneda

1,201,762

9,782

－

Approved (98.44)

Katsuya Yamamoto

1,177,841

33,699－Approved (96.48)

Proposal No. 5(Note3)

Satoru Kohdera

1,206,667

4,847－

Atsuko Ishii

1,205,721

5,793－Proposal No. 6

1,199,017

12,44371

Approved (98.84)
Approved (98.76)(Note 1)

Approved (98.21)

(Notes) 1. Approval of a majority of the voting rights of the attending shareholders who may exercise
voting rights
2. Attendance of shareholders who hold not less than one-third of the voting rights of theshareholders who may exercise voting rights and approval of the voting rights of the equal
or greater than two-thirds of the attending shareholders
3. Attendance of shareholders who hold not less than one-third of the voting rights of theshareholders who may exercise voting rights and approval of a majority of the voting rights
of such attending shareholders
4. The percentage of approval is calculated as “the number of the voting rights that could be
confirmed to be for each item of the agenda” divided by “the sum of the number of the voting
rights exercised in advance and that of the shareholders who attended the meeting on theday.”

4. Reason for not including in the number of the voting rights some of the voting rights of theshareholders who attended in the shareholders’ meeting
As a result of adding up the number of the voting rights exercised in advance and that of some attending
shareholders on the day whose voting rights could be confirmed to be for or against each item of the agenda,
the requirements for passing each item of the agenda were satisfied, and the resolution was passed lawfullyin accordance with the Companies Act. Therefore, the number of the voting rights of some attending
shareholders on the day whose voting rights could not be confirmed to be for, against or abstention, is notincluded.
END