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 Disposal of Treasury Stockas Performance Share Unit Plan and Restricted Stock Unit Plan
Tokyo (March 28, 2023) - Bridgestone Corporation (the “Company”) has announced that at themeeting of our Board of Directors held on March 28, 2023, it resolved to dispose of treasury stock
as stock compensation (hereinafter referred to as "disposal of treasury stock") as follows.

1.

Outline of the Disposition
Disposal of Treasury Stock as Performance Share Unit Plan
(1)
Disposal period
May 16 to June 1, 2023
(2)

Class and number ofshares to be disposed

76,100 shares of our common stock(3)

Disposal price

4,979 yen per share(4)

Total disposal(5)

To be disposed of(6)Others378,901,900 yen
4 Executive Officers
38 Vice President and Senior Officers, and Senior
management level Directors
Treasury Shares shall be subject to the entry into forceof the Securities Registration Statement in accordancewith the Financial Instruments and Exchange Law.

Disposal of Treasury Stock as Restricted Stock Unit Plan
(1)
Disposal date
May 16, 2023
(2)

Class and number ofshares to be disposed

19,600 shares of our common stock(3)

Disposal price

4,979 yen per share

(4)
(5)

Total disposal
To be disposed of(6)Others97,588,400 yen
4 Executive Officers
Treasury Shares shall be subject to the entry into forceof the Securities Registration Statement in accordancewith the Financial Instruments and Exchange Law.

2.

3.

Purpose and Grounds for the Disposition
We have introduced a performance share unit plan (the "PSU Plan") in 2018 as a performancebased stock compensation plan to further promote the sharing of risks and benefits of stock pricelinkage with shareholders by having Executive Officers, Vice President and Senior Officers, andSenior management level Directors (Vice President and Officer prior to the abolishment of theExecutive Officer System on January 1, 2021) further enhance their motivation and willingness tocontribute to the achievement of medium-term performance targets and the enhancement ofcorporate value over the long term, and by directly issuing shares as compensation during theirtenure. We also have introduced a restricted stock unit plan (the "RSU Plan") in 2022 to support
the realization of sustainability and long-term business strategies and to further promotemanagement execution from a shareholder perspective by providing shares directly as
remuneration during their tenure.
Today, the Board of Directors of the Company resolved to pay a total of 378,901,900 yen inmonetary compensation claims to 4 Executive Officers and 38 Vice President and Senior Officers,and Senior management level Directors (the "PSU grantees") to be allocated as performancelinked stock compensation related to the PSU Plan, and to issue 76,100 shares of the Company's
stock to the PSU grantees through the payment of all of such monetary compensation claims inkind by the PSU grantees, and a total of 97,588,400 yen in monetary compensation claims to 4
Executive Officers (the "RSU grantees") to be allocated as restricted stock compensation relatedto the RSU Plan, and to issue 19,600 shares of the Company's stock to the RSU grantees throughthe payment of all of such monetary compensation claims in kind by the RSU grantees.

Outline of the PSU/RSU Plan and Details of the Payment

Performance Share Unit Plan
(1) Payment of share-based compensation under the PSU Plan
As compensation for the execution of duties in the "Compensation Period" stipulated in thefollowing item, we will grant our shares and pay money to the PSU grantees in accordancewith the payment rate that takes into account the degree to which our performance has beenachieved during the "Performance Evaluation Period" stipulated in the following item. The
delivery of shares and the payment ratio of money shall be 50%, respectively, in considerationof the amount of income tax, etc. borne by the PSU grantees. Upon delivery of the Company'sshares, monetary compensation claims will be paid to the PSU grantees as assets in kind
related to the amount to be paid in for the Company's shares.
(2) Compensation Period and Performance Evaluation Period
The Compensation Period is from March 24, 2020 to March 28, 2023 and the Performance
Evaluation Period is from January 1, 2020 to December 31, 2022.
(3) Basis of Calculation of the Amount to be Paid in and Specific Details
The amount to be paid in per share of the Company's stock under the PSU Plan is set at 4,979
yen, which is the average closing price of the Company's common stock on the Tokyo Stock
Exchange in the month prior to the date of resolution by the Company's Board of Directors on
this disposition of treasury stock (February 2023), in order to eliminate arbitrariness and special
factors such as the effects of stock price fluctuations, and we believe that this price is notparticularly favorable to the PSU grantees.
(4) Others
The number of our shares to be delivered and the amount of money to be paid to each PSU

grantees, the conditions for the delivery of our shares and the payment of money and theforfeiture of rights related to the PSU Plan, the treatment in the event of a stock split or reverse
stock split after the beginning of the Compensation Period, and other details of this PSU Plan
have been stipulated in our Performance-linked Share Compensation Management Guidelines.

Restricted Stock Unit Plan
(1) Payment of share-based compensation under the RSU Plan
As compensation for the execution of duties in the "Compensation Period" stipulated in thefollowing item, we will grant our shares and pay money to the RSU grantees in accordancewith the evaluation of the important items related to sustainability and transformation
promotion for a certain period (hereinafter referred to as the "Evaluation Period"). The deliveryof shares and the payment ratio of money shall be 50%, respectively, in consideration of theamount of income tax, etc. borne by the RSU grantees. Upon delivery of the Company's shares,
monetary compensation claims will be paid to the RSU grantees as assets in kind related tothe amount to be paid in for the Company's shares.
(2) Compensation Period and Evaluation Period
The Compensation Period is from March 23, 2022 to March 28, 2023 and the Evaluation Period
is from January 1, 2022 to December 31, 2022.
(3) Outline of the Restricted Share Allotment Agreement
The Company plans to enter into a restricted stock allotment agreement (the "AllotmentAgreement") with the RSU grantees, which includes the following details in summary, and will
grant monetary compensation claims to the RSU grantees subject to the execution of theAllotment Agreement. Therefore, the 19,600 shares of the Company's common stock subject
to the Disposal of Treasury Stock that will be delivered as restricted stock compensation under
the RSU program will fall under the category of specified restricted stock as stipulated in Article
54, Paragraph 1 of the Corporation Tax Law and Article 84, Paragraph 1 of the Enforcement
Order for the Income Tax Law.
(a) Transfer Restriction Period
From May 16, 2023 to the date when the RSU grantees retires from any of the positions of
Executive Officer of the Company. During the transfer restriction period set forth above(hereinafter referred to as the "Transfer Restriction Period"), the RSU grantees may nottransfer or pledge to any third party the shares with transfer restrictions allocated to the RSU
grantees (the "Allotted Shares").
(b) Termination of the Transfer Restriction
Immediately after the expiration of the Transfer Restriction Period, the Company willterminate the transfer restriction with respect to all of the Allotted Shares held by the RSU
grantees as of such point in time.
(c) Acquisition of restricted shares without consideration
In the event that the RSU grantees resigns from any of the positions of Executive Officer ofthe Company without any reason deemed justifiable by the Compensation Committee, theCompany shall naturally acquire the Allotted Shares without consideration as of the date ofsuch resignation.
In addition, if any of the Allotted Shares have not been terminated transfer restrictions inaccordance with the provisions of (a) above as of the time immediately after the expirationof the Transfer Restriction Period, the Company shall naturally acquire such shares without
consideration as of the time immediately after such time.
(d) Provisions concerning the management of shares

The RSU grantees shall open an account with SMBC Nikko Securities Inc. in a mannerdesignated by the Company to record the Allotted Shares, and shall keep and maintain theAllotted Shares in such account until the transfer restriction is terminated.
(e) Treatment in organizational restructuring, etc.
In the event that the Company's Board of Directors approves a proposal for an exchange
contract, share transfer plan, or other organizational restructuring, etc. at a general meetingof shareholders of the Company (or at a meeting of the Board of Directors of the Company if
approval is not required for such organizational restructuring, etc.), the transfer restriction on
the Allotted Shares shall be terminated as of the time immediately preceding the business
day of the effective date of such organizational restructuring, etc. upon decision by theCompensation Committee.
If the Company's Compensation Committee decides not to terminate the transfer restrictionsof all of the Allotted Shares, the Company shall, as of the business day immediately preceding
the effective date of the Reorganization, etc., acquire all of the Allotted Shares for which therestrictions on transfer have not been terminated as of the same date in accordance with theabove provisions, without consideration.
(4) Basis of Calculation of the Amount to be Paid in and Specific Details
The amount to be paid in per share of the Company's stock under the RSU Plan is set at 4,979
yen, which is the average closing price of the Company's common stock on the Tokyo Stock
Exchange in the month prior to the date of resolution by the Company's Board of Directors on
this disposition of treasury stock (February 2023), in order to eliminate arbitrariness and special
factors such as the effects of stock price fluctuations, and we believe that this price is notparticularly favorable to the RSU grantees.
(5) Others
In addition to the provisions of the Allotment Agreement as described in (3) above, the numberof the Company's shares to be delivered to the RSU grantees, the amount of money to be paid,
the conditions for delivery of the Company's shares and payment of money under the RSU Plan,and other details of the RSU Plan are set forth in the Company's Restricted Stock Compensation
Management Guidelines, etc.

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.

###