Bridgestone CorporationIR Department
1-1, Kyobashi 3-chome
Chuo-ku, Tokyo 104-8340, Japan
Phone: +81 3-6836-3100
Fax: +81 3-6836-3168
https://www.bridgestone.com/

This document has been translated for reference only from the original Japanese-language
document. If there are any differences or discrepancies between the original Japanese-language
and this English translation, the original Japanese-language supersedes this English translation.

Notice of disposition of treasury stock as restricted-transfer stockcompensation
Tokyo (January 26, 2023) - Bridgestone Corporation (Bridgestone) has announced that at themeeting of our Board of Directors today, we have resolved to dispose of treasury stock (hereinafterreferred to as "treasury stock disposition") as restricted-transfer compensation as follows.

1. Outline of the Disposition(1)
Disposal date

March 1, 2023

(2)

Class and number ofshares to be disposed

78,600 shares of our common stock(3)

Disposal price

4,927 yen per share(4)

Total disposal(5)

To be disposed of(6)Others387,262,200 yen
103 Executive Directors, Directors and Lead
Expert of our companies
Treasury Shares shall be subject to the entry into forceof the Securities Registration Statement in accordancewith the Financial Instruments and Exchange Law.

2. Purpose and Grounds for the Disposition
In 2021, we introduced the Restricted Stock Compensation Plan (hereinafter referred to as the"Plan") with the aim of increasing the willingness of our Executive Directors and Directors to sharevalue with shareholders in response to stock price fluctuations and to contribute to rising stock
prices and corporate value. The Plan will continue this fiscal year and will be applied to ourexecutive-level employees (Lead Expert) who fit the purpose of this Plan based on individual
decisions from fiscal year 2023.
At the meeting of our Board of Directors today, based on the Plan, we have resolved to allot
78,600 shares of our common stock as Specified Shares with Restriction on Transfer to 102
persons appointed as our Executive Directors and Directors and 1 person appointed as our Lead
Expert as of January 1, 2023, and to 10 persons appointed as our Executive Directors and Directors
between January 2, 2022 and December 31, 2022 (hereinafter referred to as "Allotted Persons"),by paying 387,262,200 yen in total as monetary remuneration claims to the relevant employee
whose allocated monetary remuneration claims shall be fully contributed to the company by themethod of contribution in kind. (Allotted Persons appointed as our Executive Directors andDirectors as of January 1, 2023 include those who overlap with those assigned as our Executive
Directors and Directors between January 2, 2022 and December 31, 2022.) In addition, suchmonetary remuneration claims shall be paid on the condition that each person to whom suchmonetary remuneration claims are allotted concludes with us a general agreement on theallotment of shares with restriction of transfer (hereinafter referred to as the "Allotment
Agreement") containing the following details.
In order to realize the purpose of the introduction of this system in which the allotted persons
share value with shareholders in response to stock price fluctuations and increase theirwillingness to contribute to the increase in stock price and corporate value, the transfer
restriction period set forth in ①period of restriction on transfer in the 3. Overview of Allotment
Agreement below has been set respectively.
3. Overview of the Allotment Agreement① Period of restriction on transfer
Job Title
Executive Directors, Directors,
Lead Expert(Allotted Persons who assumed
the position as of January 1,2023)
Executive Directors, Directors(Allotted Persons who assumed
the position between January 2,2022 and December 31, 2022)

Transfer Restriction Period

March 1, 2023 to December 31, 2025

March 1, 2023 to December 31, 2024

During the transfer restriction period (hereinafter referred to as the "Transfer Restriction
Period") stipulated above in accordance with the classification of the job title above, theAllotted Person may not transfer, pledge, mortgage, give in advance, testamentary gift, orany other disposition of the Shares with Restriction of Transfer (hereinafter referred to asthe "Allocated Shares") allocated to such Allotted Person to a third party (hereinafterreferred to as the "Transfer Restriction").
② Termination of Transfer Restriction
Job Title
Reasons for Termination of Transfer Restriction
Executive Directors, Directors,
The Allotted Person has been continuously in theLead Expert
position of our Executive Directors and Directors(Allotted Persons who assumed (the position of Lead Expert for Lead Expert)
the position as of January 1, during the Transfer Restriction Period, or has2023)
resigned from our Executive Directors andDirectors (Lead Expert for Lead Expert) due to arole change prior to the expiration of theTransfer Restriction Period. (Provided, however,that the status shall be treated as continuing at
the time of promotion to Executive Officer andVice President and Senior Officers)*
Executive Directors, Directors The Allotted Person has been continuously in the(Allotted Persons who assumed position of our Executive Directors and Directors
the position between January 2, during the Transfer Restriction Period, or has
resigned from our Executive Directors and2022 and December 31, 2022)
Directors due to a role change prior to theexpiration of the Transfer Restriction Period.
(Provided, however, that the status shall betreated as continuing at the time of promotion toExecutive Officer and Vice President and SeniorOfficers)*However, if the Allotted Persons to our Executive Directors and Directors (Lead Expert incase the Allotted Person is Lead Expert) as of January 1, 2023 has been retired from any
position of our Executive Directors and Directors (position of Lead Expert for Lead Expert)
due to a change of role by December 31, 2023, the Transfer Restriction on the AllocatedShares of the number obtained by multiplying the number of months from January 2023
including the day when the assignee lost the position of both our Executive Directors andDirectors (position of Lead Expert for Lead Expert) by 12 and the number of Allocated Shares
held by the assignee at that time (however, if a fraction of less than 100 stocks arises fromthe calculation, it shall be rounded up) will be cancelled immediately after the loss.
In any of the above cases, if the Allotted Person is a non-resident of Japan at the time theTransfer Restriction is terminated, the Transfer Restriction will continue until the end of themonth containing the date on which the Allotted Person returns to Japan.
③ Acquisition without contribution
Job Title
Executive Directors, Directors,
Lead Expert(Allotted Persons who assumed
the position as of January 1,2023)
Executive Directors, Directors(Allotted Persons who assumed
the position between January 2,2022 and December 31, 2022)

Reasons for Acquisition without Contribution
In the event any of our Executive Directors andDirectors (Lead Expert for Lead Expert) is lost
due to resignation by request or other reasons
during the Transfer Restriction Period.
In the event any of our Executive Directors andDirectors is lost due to resignation by request orother reasons during the Transfer Restriction
Period.

The company shall automatically acquire the Allotted Shares without contribution at thetime when such Allotted Shares fall under such Grounds for Acquisition without Contribution.
In addition, in the event that an Allotted Person who has assumed the position of Executive
Directors as of January 1, 2023 has been demoted to Directors from the date ofcommencement of the Transfer Restriction Period to December 31, 2023, the calculated
number of shares shall automatically be acquired without contribution at the time of suchdemotion. The calculated number should be obtained by subtracting the number
multiplying the number of months that have served as head of Executive Director by twelve
from January 2023 by the number of the Allotted Shares minus the number of shares
allocated according to the status of Director (hereinafter referred to as the "Difference ofnumber of Shares") from Difference of number of Shares. (Provided, however, that in theevent any fraction less than 100 shares arises as a result of the calculation, such fraction
shall be rounded up.)
Furthermore, in the event any of the Allocated Shares is not terminated at the time oftermination of Transfer Restriction pursuant to the provision of the reason for terminationof Transfer Restriction mentioned in ② above, we shall automatically acquire such Allotted
Shares without contribution at that time.

④ Provisions on management of shares
The Allotted Person shall complete the opening of an account with Nikko Securities SMBC
Co., Ltd., in the manner designated by the company, in which the Allocated Shares aredescribed or recorded, and shall keep and maintain the Allocated Shares in such accountuntil the Transfer Restriction is terminated.
⑤ Handling in organizational restructuring, etc.
Shares subject to termination of Transfer
Job Title
Restriction
Executive Directors, Directors,
As determined by Global CEO, the number ofLead Expert
shares obtained by multiplying the Allotted(Allotted Persons who assumed Shares by the number of months from January
the position as of January 1, 2023 to the month including the date of the said2023)
determination (12 if 13 or more) by 12. (Provided,
however, that such number shall be rounded
down if any fraction less than one share arises
as a result of the calculation.)
Executive Directors, Directors(Allotted Persons who assumed As determined by Global CEO, all of the Allocatedthe position between January 2, Shares.
2022 and December 31, 2022)
In the event that, during the Transfer Restriction Period, a merger agreement in which we
become an extinguished company, a share-for-share exchange agreement in which we
become a wholly-owned subsidiary, a share transfer plan, or any other proposal relating toorganizational restructuring has been approved at a general meeting of shareholders of us(or, if the approval of the general meeting of shareholders of us is not required for suchorganizational restructuring, at the meeting of our board of directors), we shall be able toterminate the Transfer Restriction immediately prior to the business day prior to theeffective date of such organizational restructuring, or acquire the Allotted Shares whose
Transfer Restriction has not been terminated as of the same date in accordance with theabove provisions without contribution as of the business day prior to the effective date ofthe said reorganization, etc.
4. Basis for Calculating the Amount to be Disposed and the Specific Contents Thereof
The disposal value for this own stock disposal is 4,927 yen, which is the average daily closing
value of our common stock on the Tokyo Stock Exchange for the last month of the month in which
our board resolution date (January 26, 2023) belongs, in order to set the price free fromarbitrariness.

About Bridgestone Corporation:
Bridgestone is a global leader in tires and rubber building on its expertise to provide solutions for safe
and sustainable mobility. Headquartered in Tokyo, the company employs approximately 130,000
people globally and conducts business in more than 150 countries and territories worldwide.
Bridgestone offers a diverse product portfolio of premium tires and advanced solutions backed byinnovative technologies, improving the way people around the world move, live, work and play.

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