Review Now Underway
Toward Reforming JGC GroupManagement Structure

November 8, 2018

Background and Purpose of Review
Building the framework to accelerate the establishment of new pillars of business in addition to our central oiland gas businessCurrent medium-term business plan
EPC
Mainly oil & gas; broaden to infrastructure

Form a JGC Group with multiple pillars ofbusiness; increase corporate value

Non-EPC
Strengthen manufacturing

Group management structure reform: To consist of a holding company andoperating companies

Bolstering manager training<Purpose>Strengthening group management and governanceBuilding a market-responsive framework for EPC
operations

Clarifying how manufacturing business is positioned<Differences>

Holding Company

Overseas EPC Operating Company
Overseas
oil and gas

Overseas
infrastructure

Domestic EPC Operating Company

1New Group Management Structure as of October 2019

EPC BusinessCurrent JGC overseas
EPC business spun off

Other Overseas/Domestic Group
Companies

Japan NUS

Japan Fine Ceramics

JGC Catalysts and Chemicals

Overseas Infrastructure
Company (name TBD)

Overseas EPC OperatingCompany

Domestic EPC Operating Company

Holding Company

Overseas Oil and Gas
Company (name TBD)

Operations management focusedon / specialized forbusiness/markets

Allocation ofmanagement
resources

Holding company, overseas EPC operating company,and domestic EPC operating company established

Manufacturing BusinessCurrent JGC domestic EPC businessand JGC Plant Innovation merged
2Schedule for Transition to New Group Management StructureWith the obtaining of governmental authorization for the plan as a requirement, our review
will proceed according to this schedule, and we will provide further details as available.
November 8, 2018
Second quarter results announced(current date)Announcement that review is underway for adopting a holdingcompany structure and spinning off operating companies managing
core businesses
Early May 2019(planned)

Late June 2019(planned)

October 1, 2019(planned)

Board of Directors meeting
Decision about spin-offs, conclusion of agreement on corporate
separation

General Meeting of Shareholders
Approval of spin-offs, agreement on corporate separation

Separation takes effectOperations begin under the new group management structure3Note on Future Outlook
This presentation may contain forward-looking statements about JGC Corporation. You can identify
these statements by the fact that they do not relate strictly to historic or current facts. Thesestatements discuss future expectations, identify strategies, contain projections of results of operations
or financial conditions or state other “forward-looking” information.
These statements are based on currently available information and represent the beliefs of themanagement of JGC Corporation. These statements are subject to numerous risks and uncertainties
that could cause JGC’s actual results, performance, achievements or financial condition to differ
materially from those described or implied in the forward-looking statements.
JGC Corporation assumes no obligation to publicly update any forward-looking statements after thedate of this presentation. These potential risks and uncertainties include, but are not limited to:competition within the financial services industries in Japan and overseas, our ability to adjust ourbusiness focus and to maintain profitable strategic alliances, volatile and sudden movements in theinternational securities markets, and foreign exchange and global economic situations affecting JGC
Corporation.

For questions concerning this material, please contact:
JGC Corporation
PR and IR Department
Tel：81-45-682-8026 Fax：81-45-682-1112
E-mail: ir@jgc.com
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