These documents are partial translations of the Japanese originals for reference purposes only.
In the event of any discrepancy between these translated documents and the Japanese originals, the originals
shall prevail. The Bank assumes no responsibility for this translation or for direct, indirect or any otherforms of damages arising from the translations.

(Securities Code: 8342)
June 5, 2017
To Shareholders with Voting Rights:
Susumu Narita
President
The Aomori Bank, Ltd.
9-30, Hashimoto 1-chome, Aomori City,Aomori, JapanNOTICE OF CONVOCATION OF
THE 109TH ANNUAL GENERAL MEETING OF SHAREHOLDERS
You are cordially invited to attend the 109th Annual General Meeting of Shareholders of The Aomori Bank,
Ltd. (the “Bank”). The meeting will be held for the purposes as described below.
If you are unable to attend the meeting, you can exercise your voting rights by submitting the Voting Rights
Exercise Form or via electromagnetic means (the Internet). Please review the Reference Documents for theGeneral Meeting of Shareholders below, and exercise your voting rights by 5:00 p.m. on Monday, June 26,
2017, Japan time.
1. Date and Time:

Tuesday, June 27, 2017 at 10:00 a.m. Japan time

2. Place:

8F, Main Conference Room, Head Office of the Bank, 9-30, Hashimoto
1-chome, Aomori City, Aomori, Japan

3. Meeting Agenda:
Matters to be reported: 1. The Business Report and Non-Consolidated Financial Statements for theBank’s 109th Fiscal Year (from April 1, 2016 to March 31, 2017)
2. Consolidated Financial Statements for the Bank’s 109th Fiscal Year (fromApril 1, 2016 to March 31, 2017) and results of audits of the Consolidated
Financial Statements by the Accounting Auditor and the Audit andSupervisory Committee
Proposals to be resolved:
Proposal No. 1: Appropriation of surplus
Proposal No. 2: Consolidation of shares
Proposal No. 3: Election of nine (9) Directors (excluding Directors who are Audit andSupervisory Committee Members)

1

4. Exercise of Voting Rights:(1) Exercise of Voting Rights by Mail
Please indicate your vote for or against the proposals on the enclosed Voting Rights Exercise Formand return it so that it is received by 5:00 p.m. on Monday, June 26, 2017, Japan time.
(2) Exercise of Voting Rights via the Internet
Please access the Bank’s designated voting website (http://www.evote.jp/), use the “Login ID” and“Temporary Password” printed on the enclosed Voting Rights Exercise Form, and indicate your vote foror against the proposals following the instructions on the screen.
For details, please view the “Procedures for Exercise of Voting Rights via the Internet” on pages 49 to50, and exercise your voting rights by 5:00 p.m. on Monday, June 26, 2017, Japan time.
(3) Handling of Duplicate Voting
If you exercise your voting rights both by mailing the Voting Rights Exercise Form and via theInternet, the vote placed via the Internet will be deemed valid.
If you exercise your voting rights multiple times via the Internet, the final vote will be deemed valid.
End~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~◎ Requests to the shareholders
・ When attending the meeting, please submit the enclosed Voting Rights Exercise Form at the reception
upon arrival.
For conservation of resources, please bring this “notice of convocation” with you.
・ In order to save electricity, the air conditioning at the venue will be set moderately. We would
appreciate your attendance in light attire.
◎ Notice・ Of the documents that should be provided with this notice, “Non-Consolidated Statements of Changes
in Net Assets” and “Notes to the Non-Consolidated Financial Statements,” as well as “ConsolidatedStatements of Changes in Net Assets” and “Notes to the Consolidated Financial Statements” areposted on the Bank’s website (http://www.a-bank.jp/) in accordance with laws and regulations as well
as Article 16 of the Articles of Incorporation of the Bank. They are therefore not included in theAppendix to this notice. Accordingly, the Non-Consolidated Financial Statements and Consolidated
Financial Statements included in the Appendix to this notice are part of the Non-Consolidated
Financial Statements and Consolidated Financial Statements that were audited by the Accounting
Auditor and the Audit and Supervisory Committee in preparing the Accounting Audit Report and theAudit Report.
・ In case revisions are required to the Business Report, the Non-Consolidated Financial Statements,
Consolidated Financial Statements and the Reference Documents for the General Meeting ofShareholders, the revised information will be posted on the Bank’s website (http://www.a-bank.jp/).

2Reference Documents for the General Meeting of Shareholders
Proposals and References
Proposal No. 1: Appropriation of surplus
The Bank’s basic policy is to maintain stable dividends while striving for long-term enhancement of its
business foundation. Under this policy, the Bank proposes that the surplus for the fiscal year under review be
appropriated as follows.
1.

Matters concerning year-end dividends(1) Type of dividend property
Cash(2) Matters concerning the allotment of dividend property to shareholders and the total amount
It is proposed that 3 yen per share of common stock be paid.
In this case, the total amount will be 611,245,767 yen.
As a result, including the 3 yen paid as an interim dividend, full-year dividends for the fiscal year
under review will amount to 6 yen per share.
(3) Effective date of distribution of surplus
June 28, 20172.

Matters concerning the appropriation of surplus(1) Item and amount of surplus to be decreased
Unappropriated retained earnings
3,000,000,000 yen(2) Item and amount of surplus to be increased
Appropriated retained earnings
3,000,000,000 yen3

Proposal No. 2: Consolidation of shares
1. Reason for proposal
Under the “Action Plan for Consolidating Trading Units,” Japan’s stock exchanges are promoting
measures to standardize the trading units (the number of shares constituting one unit) of common stockof all listed domestic corporations at 100 shares.
The Bank respects this policy, and has resolved at its Board of Directors meeting held on May 12,2017 to change the number of shares of its common stock constituting one unit from 1,000 shares to 100
shares as of October 1, 2017, subject to the approval of this Proposal.
Accordingly, to maintain the price level for each of its share trading units at a level deemed to beappropriate by Japan’s stock exchanges (50,000 yen or more but less than 500,000 yen) even after thechange in the trading units of shares (the number of shares constituting one unit) of common stock, aswell as to keep the number of voting rights held by each shareholder unchanged, the Bank willconsolidate its shares (10 shares will be consolidated into one share).
2. Contents of the share consolidation(1) Class of stock to be consolidated and consolidation ratio
Every 10 shares of common stock in the Bank will be consolidated into one share.
If any fractional shares of less than one share arise as a result of the share consolidation, the Bank
will collectively dispose such fractional shares and distribute the proceeds to shareholders having
fractional shares in proportion to their respective fractions pursuant to Article 235 of the Companies
Act.
(2) Effective date of share consolidation
October 1, 2017(3) Number of authorized shares as of effective date of share consolidation
29,400,000 shares(4) OtherThe Bank requests that the method of disposal of fractional shares and other procedural
requirements be entrusted to the Board of Directors[Reference]
Pursuant to the provisions of Article 182, Paragraph 2 and Article 195, Paragraph 1 of the Companies
Act, Article 6 and Article 8 of the current Articles of Incorporation shall be deemed amended as follows
without a resolution of a General Meeting of Shareholders for the partial amendments to the Articles ofIncorporation.
In addition, these amendments are subject to the approval of Proposal No. 2, and shall take effect onOctober 1, 2017, the effective date of the share consolidation.
(Amended parts are underlined.)
Current Articles of Incorporation(Number of authorized shares)
Article 6 The Bank is authorized to issue 294,000,000shares.

Proposed Amendments(Number of authorized shares)
Article 6 The Bank is authorized to issue 29,400,000shares.

(Number of Shares Constituting One Unit)
Article 8 Number of shares constituting one unit of
the Bank shall be 1,000 shares.

(Number of Shares Constituting One Unit)
Article 8 Number of shares constituting one unit of
the Bank shall be 100 shares.

Note: As a result of the share consolidation, the total number of outstanding shares will decrease to one tenth ofthe current number. However, as there is no change in the amount of net assets, etc., the amount of net
assets per share increases tenfold. Therefore, excluding other factors such as market fluctuations, there is nochange in the asset value of the Bank’s shares held by shareholders.

4Proposal No. 3: Election of nine (9) Directors (excluding Directors who are Audit and Supervisory
Committee Members)
The terms of office of all eight (8) Directors (excluding Directors who are Audit and Supervisory
Committee Members) will expire at the conclusion of this meeting. Accordingly, to further strengthen themanagement structure, the election of nine (9) Directors (excluding Directors who are Audit and Supervisory
Committee Members) is proposed by increasing the number of Directors by one (1).
Additionally, as a result of deliberation of this Proposal, the Audit and Supervisory Committee
determined that these candidates are qualified for the position of Director, in light of the status of theirbusiness execution and performance, etc. during the fiscal year.
The candidates for Directors (excluding Directors who are Audit and Supervisory Committee Members)
are as follows:No.

Name(Date of birth)

Career summary, positions, responsibilities,
and significant concurrent positions
Apr.
Jun.

12

Number ofshares ofthe Bank
held

1973 Joined the Bank
2003 Director / General Manager of Credit
Supervision DivisionJun.
2006 Director / General Manager of General
Satoshi Hamaya
Planning Division(Dec. 11, 1950)
36,000Jun.
2007 Managing Director
sharesReappointment
Jun.
2009 Senior Managing DirectorJun.
2010 Director / Deputy President
Apr.
2011 Director / President
Apr.
2015 Director / Chairman (current position)[Reason for nomination as a candidate for Director]
Mr. Satoshi Hamaya has been engaged in the management of the Bank, accumulating abundant
experience and achievements. He has driven the management of the Bank as the Representative
Director / President since April 2011. The Bank has nominated him as a candidate for Director in
the expectation that his experience may contribute to the enhancement of the management structure
through the improvement of the decision-making and supervisory functions of the Board ofDirectors.
Apr.
1978 Joined the Bank
Jun.
2008 Executive Officer / General Manager of Credit
Supervision DivisionJun.
2010 Executive Officer / General Manager ofSusumu Narita
Hirosaki Branch(Sep. 27, 1954)
54,200Apr.
2011 Executive Officer / Hirosaki Area Supervisor
sharesReappointment
Jun.
2011 Managing DirectorJun.
2014 Senior Managing Director
Apr.
2015 Director / President (current position)
In charge of Auditing Division[Reason for nomination as a candidate for Director]
Mr. Susumu Narita is well versed in operations both of branches and headquarters, backed byabundant experience. He has driven the management of the Bank with precision since hisassumption of office as Representative Director in June 2014, and has accumulated adequate socialcredibility. The Bank has nominated him as a candidate for Director in the expectation that he will
fulfill his role as the chief officer in charge of management, administration and business execution.

5

No.

Name
(Date of birth)

Career summary, positions, responsibilities,
and significant concurrent positions
Apr.
Apr.
Jul.
Jun.
Jul.
Oct.

3

4

1979
2000
2003
2005
2007
2009

Number ofshares ofthe Bank
held

Joined the Bank
General Manager of Shirogane Branch
General Manager of Tsugaru watoku Branch
General Manager of Hakodate Branch
General Manager of Sendai Branch
General Manager of Regional Development
Reiji TatebeDivision(May 20, 1956)
Jun.
2010 Executive Officer / General Manager of
31,500Regional Development Division
sharesReappointment
Jun.
2011 Executive Officer / Hirosaki Area SupervisorJun.
2012 Director / Hirosaki Area SupervisorJun.
2013 Managing DirectorJun.
2015 Senior Managing Director (current position)
In charge of Business Administration Division,Corporate Banking Division and Regional
Development Division[Reason for nomination as a candidate for Director]
Mr. Reiji Tatebe assumed the office of Director in June 2012, and has demonstrated leadership
through his supervision over the Business Administration Division, the Corporate Banking Divisionand the Regional Development Division in recent years. The Bank has nominated him as acandidate for Director since he possesses expertise and experience that enables the execution of afair management and administration of a bank as well as adequate social credibility.
Apr.
1979 Joined the Bank
Jun.
2001 General Manager of Namiuchi BranchJun.
2003 General Manager of Tokyo Liaison OfficeJul.
2006 General Manager of Towada BranchJun.
2008 General Manager of Shinmachi BranchJun.
2010 General Manager of Auditing Division
Apr.
2011 Executive Officer / General Manager of HeadFumitaka DemachiOffice(Dec. 9, 1956)
32,400Jun.
2013 Director / General Manager of GeneralsharesPlanning Division
Reappointment
Jun.
2014 Managing Director / Aomori Area SupervisorJun.
2016 Managing Director / Executive General
Manager of Regional Headquarters (AomoriArea) (current position)
In charge of Tokyo Liaison Office, General
Planning Division and Treasury andInternational Division[Reason for nomination as a candidate for Director]
Mr. Fumitaka Demachi has served in many important positions such as General Manager ofTokyo Liaison Office, General Manager of Auditing Division and Executive Officer / General
Manager of Head Office. He has strived for the Bank as its officer since his assumption of office as
Director / General Manager of General Planning Division in June 2013. The Bank has nominatedhim as a candidate for Director since he has experienced a wide range of fields and is gifted with abalanced business capability.

6No.

Name
(Date of birth)

Career summary, positions, responsibilities,
and significant concurrent positions
Apr.
Apr.
Apr.

56

1981
2005
2007

Number ofshares ofthe Bank
held

Joined the Bank
General Manager of Minato Branch
General Manager of General Planning
Division and General Manager of Public
Relations OfficeJan.
2008 General Manager of Personal BankingDivisionJun.
2009 General Manager of General Planning
Akihiro KawamuraDivision(Sep. 11, 1957)
32,400Apr.
2011 Executive Officer / General Manager ofsharesBusiness Administration Division
Reappointment
Jun.
2012 Executive Officer / General Manager ofCredit Supervision DivisionJun.
2013 Director / Hirosaki Area SupervisorJun.
2015 Managing Director (current position)
In charge of Risk Administration Division,
Credit Supervision Division, System
Development Division and Operations
Administration Division[Reason for nomination as a candidate for Director]
Mr. Akihiro Kawamura has served in many important positions such as General Manager of
Personal Banking Division, General Manager of General Planning Division, General Manager ofBusiness Administration Division and General Manager of Credit Supervision Division. He
assumed the office of Director in June 2013 and has demonstrated superior leadership through hissupervision over four headquarters divisions in recent years. The Bank has nominated him as acandidate for Director as a person capable of contributing to its business development.
Apr.
1981 Joined the BankMar.
2001 General Manager of Ishie Branch
Dec.
2002 Credit Supervisor of Credit Supervision
DivisionJul.
2004 General Manager of Corporate Support Office,Credit Supervision DivisionJul.
2007 General Manager of Hakodate BranchJul.
2009 General Manager of Misawa Branch
Hitoshi TakeuchiApr.
2011 General Manager of Hachinohe Branch(Jul. 5, 1957)
27,700Jun.
2012 Executive Officer / Hachinohe AreasharesSupervisor
Reappointment
Jun.
2014 Director / Hachinohe Area SupervisorJun.
2015 Managing DirectorJun.
2016 Managing Director / Executive General
Manager of Regional Headquarters(Seihokugo, Kamitousan and Shimokita Area)(current position)
In charge of Personnel Division and General
Affairs Division[Reason for nomination as a candidate for Director]
Mr. Hitoshi Takeuchi is well versed in operations in general and possesses adequate expertisethrough his achievements from serving as General Manager of four branches. He assumed the officeof Director in June 2014 and has supervised the Personnel Division and the General Affairs Division
in recent years. The Bank has nominated him as a candidate for Director since he has accumulated
adequate social credibility as an executive.

7

No.

Name
(Date of birth)

Career summary, positions, responsibilities,
and significant concurrent positions
Apr.
Apr.
Oct.
Jun.

781983
2004
2009
2011

Number ofshares ofthe Bank
held

Joined the Bank
General Manager of Matsuzonocho Branch
General Manager of Sendai Branch
Tomohiko Sasaki
General Manager of Treasury and International(Apr. 25, 1960)
Division
16,000Jun.
2012 General Manager of Hachinohe BranchsharesReappointment
Jun.
2014 Executive Officer / General Manager ofGeneral Planning DivisionJun.
2015 Director / General Manager of General
Planning Division (current position)[Reason for nomination as a candidate for Director]
Mr. Tomohiko Sasaki has served as General Manager of three branches, General Manager of two
headquarters divisions, and assumed the office of Director in June 2015. Based on his balanced
qualities as an executive, the Bank has nominated him as a candidate for Director in the expectationthat he will deliver swift and flexible decision-making as Director.
Apr.
1984 Joined the Bank
Jun.
2005 General Manager of Oominato BranchJun.
2008 General Manager of Minato Branch
Nov.
2009 General Manager of Minato Branch andHonchou Branch
Apr.
2010 General Manager of Personnel Division
Keitaro Ishikawa
Apr.
2011 General Manager of General Planning Division(Apr. 26, 1961)
19,600Jun.
2013 General Manager of Head OfficesharesJun.
2014 Executive Officer / General Manager of Head
Reappointment
OfficeJun.
2015 Executive Officer / General Manager ofBusiness Administration DivisionJun.
2016 Director / Executive General Manager ofRegional Headquarters (Hirosaki Area)(current position)[Reason for nomination as a candidate for Director]
Mr. Keitaro Ishikawa has served as General Manager of three branches, General Manager of threeheadquarters divisions, and assumed the office of Director in June 2016. He has supervised Hirosaki
Area in recent years as Executive General Manager of Regional Headquarters. The Bank has
nominated him as a candidate for Director in the belief that he is a person capable of adequately
contributing to its business development.

8No.

Name(Date of birth)

Career summary, positions, responsibilities,and significant concurrent positions

Number ofshares ofthe Bank
heldApr.
Jul.
Dec.

1983 Joined the Bank
2005 General Manager of Towada Minami Branch2007 General Manager of Business Division II,Hachinohe Branch
Apr.
2010 General Manager of Minato Branch andHonchou BranchSatoru Ishibashi
Nov.
2010 General Manager of Minato Branch(May 5, 1959)
25,100Apr.
2012 General Manager of Mutsu BranchsharesJun.
2014 General Manager of Hachinohe Branch
New candidate
Apr.
2015 Executive Officer / General Manager ofHachinohe Branch
9Jun.
2015 Executive Officer / Hachinohe Area SupervisorJun.
2016 Executive Officer / Executive General
Manager of Regional Headquarters (HachinoheArea) (current position)[Reason for nomination as a candidate for Director]
Mr. Satoru Ishibashi has served as General Manager of four branches and is well versed inoperations in general. He assumed the office of Executive Officer in April 2015 and has supervised
Hachinohe Area in recent years as Executive General Manager of Regional Headquarters. The Bank
has nominated him as a candidate for Director in the expectation that he will help enhance themanagement structure of the Bank.
(Note)
There is no special interest relationship between each candidate for Director and the Bank.
End9