Oct 7, 2021
Company name: YAMAZEN CORPORATION
Representative: Yuji NAGAO, President, CEO(Code No. 8051; The first section of Tokyo Stock Exchange)
Inquiries: Hayato HIRATA, Manager, IR & PR Dept.
TEL 06-6534-3095

Notice of Change in Major Shareholders and Largest Shareholder as a Major Shareholder
We hereby announce that there has been a change in our major shareholder and largest shareholder as a majorshareholder as of September 30, 2021,as described below.

1. Date of change
September 30, 2021
2. Why the change occurred
Mizuho Trust & Banking Co., Ltd., the administrator of our shareholder registry, sent us the list of shareholders
as of September 30, 2021, and we have learned of the following changes in our major shareholders and largest
shareholder as a major shareholder.
3. Outline of changes in shareholders
Outline of shareholders who will newly fall under the category of major shareholders and the largest shareholder asa major shareholder(1) Name

The Master Trust Bank of Japan ,Ltd.(Account in Trust)(2) Address

2-11-3 Hamamatsucho, Minato-ku, Tokyo(3) Representative[President] Toshikazu Mukohara(4)Description[Asset management services]

Of business(1) Name

Yamazen Business Partners Shareholders' Association(2) Address

2-3-16 Itachibori,Nishi-ku,Osaka(3) Representative[Chairman] Shoichi Nishikawa(4)Description[The Company’s trading-partner shareholding association]

Of business1

4. Number of voting rights held by the shareholders (number of shares held) and percentage of the total number ofvoting rights held by all shareholders(1) The Master Trust Bank of Japan ,Ltd.(Account in Trust)
Percentage of the total

Number of voting rights

number of voting rights(Number of shares held)
Before change

59,702 voting rights(as of March 31, 2021)（5,970,200 shares）

After change

held by all shareholders

100,065 voting rights（10,006,500 shares）

Rank within majorshareholders

6.32％

3rd

11.24％

1st(2) Yamazen Business Partners Shareholders' Association
Percentage of the total

Number of voting rights

number of voting rights(Number of shares held)
Before change

87,878 voting rights(as of March 31, 2021)（8,787,882 shares）

After change

held by all shareholders

89,246 voting rights（8,924,682 shares）

Rank within major
shareholders

9.30％

1st10.03％

2nd(NOTE)1.The percentage of the total number of voting rights held by all shareholders before the change is calculated
based on the total number of voting rights held by all shareholders of 945,283, which is the total numberof issued shares as of March 31, 2021 (95,305,435 shares) less the number of shares without voting rights(777,135 shares), and is rounded to the nearest hundredth. The number of voting rights held by all
shareholders includes 1,800 voting rights pertaining to shares held by the Board Benefit Trust (BBT).
2. The percentage of the total number of voting rights held by all shareholders after the change is calculated
based on the total number of voting rights held by all shareholders of 890,040, which is the total numberof issued shares as of Sep 30, 2021 (95,305,435 shares) less the number of shares without voting rights(6,301,435 shares), and is rounded to the nearest hundredth. The number of voting rights held by all
shareholders includes 1,800 voting rights pertaining to shares held by the Board Benefit Trust (BBT).
5. Future outlookThis change will have no impact on the Company’s business performance.
END2