February 10, 2021
To All:Name of Company:

Coca-Cola Bottlers Japan Holdings Inc.

Name of Representative:

Calin Dragan, Representative Director and President(Code No.: 2579

Contact:

1st Section, Tokyo Stock Exchange)

Maki Kado, Executive Officer, Head of Business Transformation(TEL: 03-6896-1707)

Revision of amounts of stock-based compensation for Executive Directors
This is to inform that a decision was reached during the Company’s Board of Directors
Meeting on February 10th, to revise amounts of stock-based compensation for Executive
Directors will be submitting an agenda item to the 2020 Annual General Meeting ofshareholders (hereafter called “AGM “) to be held on March 25, 2021.
Details are as follows;

With regard to the compensation, etc. for Directors (excluding members of the Audit andSupervisory Committee), the issue of stock-based compensation consisting of monetarycompensation receivables and cash (the performance share unit system, hereinafter called “PSU,”
and the restricted stock unit system, hereinafter called “RSU”) to Executive Directors wasapproved in an annual amount not exceeding in total the value of 200,000 shares multiplied by
the market value of the monetary compensation receivables and cash at the time of issue, byshareholders on the 2019 Annual General Meeting of Shareholders held on March 26, 2020.
The amount of compensation etc. for Directors (excluding members of the Audit andSupervisory Committee) will be variable significantly depending on the performance. It is vitalfor the Company to maintain the current mechanism for varying compensation based on
performance in order to motivate improved business performance in the future, while also
strengthening mechanisms to recruit and retain talented human resources who will be able to leadfurther business growth, even in an adverse business environment. It is important for the Company
to further utilize the stock-based compensation for the purpose of aligning interests withshareholders, creating incentives to improve mid to long term corporate value, and strengthening
retention.
In order to fulfill this objective, we revise the total amount of monetary compensation
receivables and cash to be issued to Executive Directors as compensation to an amount within thetotal of 600,000 shares per year (equivalent to approximately 0.3% of the total number of shares
currently issued by the Company) multiplied by the market value of the monetary compensation
receivables and cash at the time of issue. The above compensation amount represents an upperlimit, applicable only when the highest level of performance is achieved. This amount ofcompensation will not necessarily be paid every year. In the event of poor business performance,
variable compensation will be significantly reduced.

We also revise the timing of the provision of benefits under the RSU to the time of each
Director’s retirement, to further strengthen retention of talented human resources and to continue
to contribute to the Company performance.
The payment of the compensation subject to the above revisions is expected to be decided bycomprehensively taking into account matters such as degree of contribution by the Executive
Directors to the Company, etc., and the Company believes that such method of determination isreasonable.

<Reference>
We are planning to revise the same on stock-based compensation structure for theExecutive Officers of the Company and its subsidiaries, on the condition that theagenda item will be approved.

END