Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

To our shareholders:

Securities Code: 4919
March 11, 2022
Ryuji Sato
President and CEO
Milbon Co., Ltd.
(Main branch) 2-3-35, Zengenji-cho, Miyakojima-ku,
Osaka(Head office) Kyobashi Edogrand 2-2-1, Kyobashi,Chuo-ku, TokyoNOTICE OF THE 62ND ORDINARY GENERAL MEETING OF SHAREHOLDERS
We are pleased to inform you that the 62nd Ordinary General Meeting of Shareholders of Milbon Co., Ltd. (the“Company”) will be held as described below.
Even if you do not attend the meeting in person, you may exercise your voting rights by post or via the Internet.
Please review the attached Reference Documents for the General Meeting of Shareholders (Japanese only) as
described below, and exercise your voting rights no later than 5:30 p.m. on Monday, March 28, 2022 (JST).
1. Date and Time: Tuesday, March 29, 2022, at 10:00 a.m. (JST)
2. Venue:
Royal Park Hotel 2F Room Ariake
2-1-1, Nihonbashi-Kakigara-cho, Chuo-ku, Tokyo
Please note that the conference room has changed from last year.
3. Purpose of the Meeting
Matters to be reported:
1. Report on business report and the consolidated financial statements, and the results of the audit of theconsolidated financial statements by the accounting auditor and the Audit & Supervisory Board for the 62nd
fiscal year ended December 31, 2021 (from January 1, 2021 to December 31, 2021).
2. Report on non-consolidated financial statements for the 62nd fiscal year ended December 31, 2021 (fromJanuary 1, 2021 to December 31, 2021).
Matters to be resolved:
Proposal No. 1
Dividend of Surplus (year-end dividend for the 62nd fiscal year)
Proposal No. 2
Amendment to the Articles of Incorporation
Proposal No. 3
Election of Eleven (11) Directors
Proposal No. 4
Revision of Remuneration Amount for Directors– If attending the meeting in person, you are kindly requested to bring the enclosed voting form with you and present it at reception.
– Pursuant to provisions of laws and regulations and Article 17 of the Company’s Articles of Incorporation, the following items havebeen posted on our webpage for information related to the General Meeting of Shareholders of the Company(https://www.milbon.com/ja/ir/meeting/) and are not stated in the attachments to this notice.
(1) Notes to the consolidated financial statements (2) Notes to the non-consolidated financial statements
The consolidated financial statements and the non-consolidated financial statements, which have been audited by Audit &Supervisory Board Members and the accounting auditor, shall include not only the documents stated in the attachments to this notice,
but also the notes to the consolidated financial statements and the notes to the non-consolidated financial statements, which are posted
on our webpage for information related to the General Meeting of Shareholders of the Company(https://www.milbon.com/ja/ir/meeting/).
– If any information contained within Reference Documents for the General Meeting of Shareholders, business report, the consolidated
financial statements or non-consolidated financial statements requires revision up until the day before the meeting, shareholders will
be notified either by post or by notification on our website (https://www.milbon.com/ja/).