[Translation for Reference and Convenience Purposes Only]
Please note that the following is an unofficial English translation of the Japanese original textof the Notification of the Results of the Exercise of Voting Rights at the 92nd Ordinary
General Meeting of Shareholders of Subaru Corporation. The Company provides thistranslation for reference and convenience purposes only and without any warranty as to its
accuracy or otherwise. In the event of any discrepancy between this translation and theJapanese original, the latter shall prevail.
June 22, 2023
Company name: SUBARU CORPORATION
Representative: Atsushi Osaki, President and CEO
Code number: 7270 (Prime Section of Tokyo Stock Exchange)
Contact for inquiries: Yasushi Nagae
Corporate Vice President,
General Manager of Investor Relations Department,
Phone: +81-3-6447-8825
Notification of the Results of the Exercise of Voting Rights at
the 92nd Ordinary General Meeting of Shareholders
Below are the results of the exercise of voting rights at our 92nd Ordinary General Meeting ofShareholders held on June 21, 2023.
1. Date on which the General Meeting of Shareholders was held
June 21, 2023
2. Proposals for voting
Proposal No. 1: Approval of the Proposed Appropriation of Retained Earnings
1. Type of Dividend:Cash
2. Regarding Dividends from Surplus to Shareholders and its Amount:¥38 per share of the Company’s common stock
Total dividends:¥29,160,508,704
3. Effective Date:
June 22, 2023
Proposal No. 2: Election of Eight (8) Directors
To elect Atsushi Osaki, Fumiaki Hayata, Tomomi Nakamura, Katsuyuki Mizuma, Tetsuo
Fujinuki, Yasuyuki Abe, Miwako Doi and Fuminao Hachiuma as Directors of the Board
Proposal No. 3: Election of One (1) Corporate Auditor
To elect Yasumasa Masuda as Corporate AuditorProposal No. 4: Election of One (1) Substitute Corporate Auditor
To elect Hirohisa Ryu as a Substitute Outside Corporate Auditor

[Translation for Reference and Convenience Purposes Only]
3. Number of exercised voting rights by affirmative vote, negative vote and abstention for each
proposal, requirements for each proposal to be approved and the results of the resolutions
Number of
Number ofResults of the
Number ofApproval
Proposalaffirmative
negative
resolutions/Ratio ofabstentions requirements
votesvotes
affirmative vote (%)
Proposal No. 1
Approval of the Proposed

6,245,267

49,052

3,758

Atsushi Osaki

6,094,353

189,661

14,097

Approved / 96.24

Fumiaki Hayata

6,162,078

121,940

14,097

Approved / 97.31

Tomomi Nakamura

6,055,536

242,141

430

Katsuyuki Mizuma

6,156,980

127,038

14,097

Tetsuo Fujinuki

6,190,222

93,796

14,097

Approved / 97.76

Yasuyuki Abe

6,231,402

62,9553,760

Approved / 98.41

Miwako Doi

6,260,104

37,583430

Approved / 98.86

Fuminao Hachiuma

6,284,302

10,054

3,760

Approved / 99.24

Appropriation of Retained

Note 1

Approved / 98.63

EarningsProposal No. 2
Election of Eight (8)Directors

Note 2

Approved / 95.63
Approved / 97.23

Proposal No. 3
Election of One (1)Note 2

Corporate Auditor

Yasumasa Masuda

6,095,559

202,116428

Approved / 96.26

Proposal No. 4
Election of One (1)Substitute CorporateAuditor

Note 2

6,099,237
198,469
428
Hirohisa Ryu
Approved / 96.32
Notes: 1. A majority of voting rights exercised by the shareholders who attended the General
Meeting of Shareholders are affirmative.
2. Both of the following: 1) the number of total voting rights owned by the shareholders whoattended the General Meeting of Shareholders equals or exceeds one-third of the voting
rights owned by shareholders eligible for exercising their voting rights, and 2) a majorityof voting rights exercised by the shareholders who attended the General Meeting ofShareholders are affirmative.
4. Reason why some of the voting rights exercised by the shareholders who attended the General
Meeting of Shareholders were not added to the calculation
The resolutions were legally passed pursuant to the Companies Act because the approvalrequired for each proposal was satisfied when the voting results were confirmed affirmative,
negative or abstentions by the Company, of those shareholders who exercised their voting
rights prior to the day of the Meeting and of some shareholders who attended the Meeting.
Therefore, the numbers of affirmative votes, negative votes and abstentions do not include
the numbers of voting rights exercised by the shareholders who attended the Meeting whichwere not confirmed as any one of these three.