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 Concerning Continuation ofPerformance Share Unit Plan and Restricted Stock Unit Plan
Tokyo (March 28, 2023) - Bridgestone Corporation (the "Company") has announced that theCompensation Committee discussed and resolved to continue Performance Share Unit (the “PSUPlan”), which was introduced in 2018 as the performance-based stock compensation method, andRestricted Stock Unit (the “RSU Plan”), which was introduced in 2022 as the stock compensation
regarding sustainability during the meeting from February 6 to March 28, 2023.

1. Performance Share Unit Plan
(1) Continuation of the PSU Plan
The Company introduced the PSU Plan for the Executive Officers (the “PSU grantees”) in thefiscal year 2018, with the purpose of further increasing those motivation and drive forachieving the mid-term business performance goal and enhancing the Company’s long-termvalue and promoting the sharing of benefits and risks of share price fluctuations withshareholders, and will continue the PSU Plan in the fiscal year 2023.
(2) Outline of the PSU Plan
The Company will provide the stock compensation and cash compensation to the PSU grantees,in accordance with the rate of the achievement of the Company’s performance targets for acertain period (herein after “Performance Evaluation Period”). The rate will be measured after
three (3) years of a performance evaluation period. In consideration of the amount of theincome tax, etc. imposed on the PSU grantees, the Shares and the money provided will eachbe 50 percent of the entirety of the assets to be granted to the PSU grantees under the PSU
Plan. The Company will provide the monetary compensation receivables on the delivery dateto the PSU grantees as the compensation to be allotted for the payment of the Shares to bedelivered to the PSU grantees under the PSU Plan. Taking into consideration the affinity
between business strategies and compensation incentives, continuity as an index for executive
compensation targets, and explanation to stakeholders, the Company’s consolidated ROIC andconsolidated ROE will be used as the target indices.
(3) Other items of the PSU Plan(a) Performance Evaluation Period
From January 1, 2023, to December 31, 2025
 It is three (3) years from the commencement date of each business year and set for eachyear in which each PSU Plan starts.

(b) Time of delivery
The Shares will be delivered and the cash will be paid, pursuant to resolution of theCompensation Committee concerning monetary compensation receivables and the Board ofDirectors of the Company concerning issuance of the new Shares or the disposal ofCompany’s treasury shares for delivery of the Shares under the PSU Plan, within the period oftwo (2) months from the closing of the Company’s Annual Shareholders’ Meeting concerning
final business year of Performance Evaluation Period.
(c) Method of delivery
Stock compensation will be provided in the way of issuing new shares or disposing theCompany’s treasury shares.
2. Restricted Stock Unit Plan
(1) Continuation of the RSU Plan
The Company introduced the RSU Plan for the Executive Officers (the “RSU grantees”) in thefiscal year 2022 to support the realization of sustainability and long-term business strategies
and to further promote management execution from a shareholder perspective by providing
shares directly as remuneration during their tenure, and will continue the RSU Plan in the fiscal
year 2023.
(2) Outline of the RSU Plan
The Company will provide the stock compensation and cash compensation to the RSU grantees,in accordance with the evaluation (non-financial evaluation of 0% to 120% of the qualitative
target discussed and determined by the Compensation Committee) of the important items
related to sustainability and transformation promotion for a certain period (hereinafterreferred to as the "Evaluation Period"). The delivery of shares and the payment ratio of money
shall be 50%, respectively, in consideration of the amount 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 to the amount to be paid in for the Company'sshares. For the purpose of enhancing corporate value and shareholder value from a long-term
perspective, the transfer restriction period is set from the share delivery date to the retirementof Executive Officer, and the transfer restriction is terminated on the following day.
(3) Other items of the RSU Plan(a) Evaluation Period
From January 1, 2023, to December 31, 2023
(b) Time of delivery
The Shares will be delivered after completing Evaluation Period, and the cash will be paid
when the transfer restriction of the Shares is terminated.
(c) Method of delivery
Stock compensation will be provided in the way of issuing new shares or disposing theCompany’s treasury shares.
[ Reference ] Since 2018, the Company has continued Performance Share Unit for Vice President
and Senior Officers, and Senior management level Directors, and will continue Performance Share
Unit for Vice President and Senior Officer in 2023.

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.

###