Bridgestone Corporation
IR 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 Special Award Payments to Our Executive Officers andSubsequent Disposition of Treasury Stock
Tokyo (January 28, 2022) - Bridgestone Corporation (Bridgestone) has announced that at theCompensation Committee held on January 17, we decided to pay Special Award to our four
executive officers, and at the meeting of our Board of Directors held today, we resolved to disposeof treasury stock (hereinafter referred to as "treasury stock disposition") as remuneration withrestriction on transfer as follows.

1. Purpose and Reason of Special Award Payment
Our Compensation Committee has held discussions on the ideal compensation system for
management in order to realize our Mid-Long Term Business Strategy and Mid-Term Business
Plan announced in February last year. Over the past two years starting in 2020, COVID-19 has
dramatically changed the business climate unexpectedly and within a short period of time. While
formulating business strategies for Bridgestone 3.0 and setting specific targets, we appreciatethat we are steadily implementing various measures faster than originally planned. At the sametime, with the expectation that these management initiatives will continue to contribute tofurther enhancement of corporate value, we have decided to provide Special Award as follows.
There were no payouts of performance-based stock awards (PSUs) for the three-year period from2018 to 2020 as the actual value of performance metrics fell below the lower limit.
2. Outline of Payment(1) Object of payment
Total of four executive officers as of the end of 2021
(2) Form of payment
We plan to pay three years of restricted stock awards* (RS: Restricted Stock/RSU: Restricted
Stock Unit) as an incentive to bring the current efforts to fruition for further improvement ofcorporate value in the future.
*50% will be paid in RS (shares) and 50% will be paid in RSU (cash) in consideration of tax
payment funds, etc.
*Handling of resignation during the transfer restriction period (including acquisition without
contribution by the Company or termination of the transfer restriction period) shall bedeliberated and decided by the Compensation Committee on a case-by-case basis.

(3) Number of shares to be delivered by position
The number of shares to be issued shall be calculated according to the following method foreach director entitled to the issuance by position.
Number of Shares byposition（※1）＝

Amount of Stock Compensation（※2）

by position

÷

The Company’s shareprice（※3）※1: The total number of shares delivered is 31,800 shares.
※2: The level is appropriate to the extent that it does not exceed the standard amount of PSU(set as 2021 Compensation), which is the same stock-based compensation.
※ 3:The average closing price of our shares on the Tokyo Stock Exchange in the month
preceding the date of the resolution of our Board of Directors regarding the disposal oftreasury stock.
(4) Provision day
・RS (50% of shares delivered by position): Scheduled for February 28, 2022
・RSU* (50% of shares delivered by position): Scheduled for March 2025 (It will not be granted
unless the transfer restriction of RS is terminated.)*The amount of RSU payments by position is calculated using the average closing price of ourshares on the Tokyo Stock Exchange during February 2025.
*There is no quasi-dividend payments related to the cash portion.
3. Outline of Disposal of Treasury StockAt the meeting of our Board of Directors today, the Company resolved to allot 15,900 of ourcommon stock as Specified Shares with Restriction on Transfer by allocating total of 78,148,500
yen in monetary remuneration claims to four of our executive officers (hereinafter referred to asthe "Allotted Persons") by the method of contribution in kind. The amount of monetary
remuneration credits payable to each Allotted Person is determined by multiplying by thefollowing disposal price per share by 50% of the number of shares by position described on 2-(3),which is based on the amount of stock compensation by position after comprehensively
considering various matters such as the degree of contribution of each Allotted Person. In
addition, such monetary remuneration claims shall be paid on the condition that each person towhom such monetary remuneration claims are allotted concludes with us a general agreementon the allotment of shares with restriction of transfer (hereinafter referred to as the "AllotmentAgreement") containing the following details.
(1)

Disposal period

February 28, 2022

(2)

Class and number of
15,900 shares of our common stock
shares to be disposed(3)

Disposal price

4,915 yen per share

(4)
(5)

Total disposal
To be disposed of(6)Others78,148,500 yen
Four of our executive officers
Treasury Shares shall be subject to the entry into forceof the Securities Registration Statement in accordancewith the Financial Instruments and Exchange Law.

4. Overview of the Allotment Agreement(1) Period of restriction on transfer
February 28, 2022 to February 28, 2025
During the period of restriction on transfer stipulated above (hereinafter referred to as the"Transfer Restriction Period"), the Allotted Persons may not transfer, pledge, mortgage, give inadvance, testamentary gift, or any other disposition of the Shares with Restriction on Transfer(hereinafter referred to as the "Allotted Shares") allocated to such person to a third party(hereinafter referred to as the "Transfer Restriction").
(2) Termination of Transfer Restriction and acquisition without contribution
We will terminate the Transfer Restriction of all of the Allotted Shares held by the Allotted
Persons at the time of the expiration of the allotment period on the condition that the Allotted
Persons have been in the position of our executive officers continuously during the Transfer
Restriction Period. In addition, in the event the position of our executive officer is lost during
the transfer restriction period, handling of resignation shall be deliberated and decided by theCompensation Committee on a case-by-case basis, and the Transfer Restriction shall beterminated if the Compensation Committee of the Company deems it justifiable, and in any
other case, the Company shall acquire such status without contribution at the time of such loss.
(3) 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 are described orrecorded, and shall keep and maintain the Allocated Shares in such account until the Transfer
Restriction is terminated.
(4) Handling in organizational restructuring, etc.
In the event that, during the Transfer Restriction Period, a merger agreement in which webecome 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 the effective
date of such organizational restructuring, or acquire the Allotted Shares without contribution
as of the business day prior to the effective date of the said reorganization, etc.
5. Basis for Calculating the Amount to be Paid and the Specific Contents Thereof
The disposal value for this own stock disposal is 4,915 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 28, 2022) 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 140,000
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.

###