[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 93rd Ordinary General
Meeting of Shareholders of Subaru Corporation. The Company provides this translation forreference and convenience purposes only and without any warranty as to its accuracy orotherwise. In the event of any discrepancy between this translation and the Japanese original,
the latter shall prevail.
June 20, 2024
Company name: SUBARU CORPORATION
Representative: Atsushi Osaki, President and CEO
Code number: 7270 (Prime Section of Tokyo Stock Exchange)
Contact for inquiries: Masayuki Miyamoto
General Manager of Investor Relations Department,
Phone: +81-3-6447-8825
Notification of the Results of the Exercise of Voting Rights at
the 93rd Ordinary General Meeting of Shareholders
Below are the results of the exercise of voting rights at our 93rd Ordinary General Meeting ofShareholders held on June 19, 2024.
1. Date on which the General Meeting of Shareholders was held
June 19, 2024
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:¥58 per share of the Company’s common stock
Total dividends: ¥43,627,259,192
3. Effective Date:
June 20, 2024
Proposal No. 2: Election of Eight (8) Directors of the Board
The proposal was approved and adopted as proposed. Atsushi Osaki, Fumiaki Hayata,
Tomomi Nakamura, Katsuyuki Mizuma, Tetsuo Fujinuki, Miwako Doi, Fuminao Hachiuma,and Shigeru Yamashita were elected as Directors of the Board, and each assumed office.
Proposal No. 3: Election of One (1) Corporate Auditor
The proposal was approved and adopted as proposed. Hiromi Tsutsumi was elected as
Corporate Auditor, and assumed office.
Proposal No. 4: Election of One (1) Substitute Corporate Auditor
The proposal was approved and adopted as proposed. Hirohisa Ryu was elected as a
Substitute Outside Corporate Auditor.
Proposal No. 5: Determination of Compensation for Granting Restricted Stock to Directors
The proposal was approved and adopted as proposed to introduce clawback provisions
aimed at improving compensation governance and to decide the base amount of the paidin amount per share at a Board of Directors meeting based on the closing price of theCompany’s common stock on the day preceding the meeting.
Proposal No. 6: Revision to Amount of Compensation to Corporate Auditors
The proposal was approved and adopted as proposed to set the amount of compensation tothe Company’s Corporate Auditors at 200 million yen or less a year.

[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
Results of the
Number of
Number of
Number ofApprovalresolutions/Ratio of
Proposalaffirmative
negative
abstentions requirements
affirmative vote (%)
votesvotes
Proposal No. 1
Approval of the Proposed
Appropriation of Retained
Earnings

6,172,950

44,2701,520

Note 1

Approved / 98.79

Atsushi Osaki

5,853,922

296,071

68,756

Approved / 93.69

Fumiaki Hayata

5,966,163

251,074

1,520

Approved / 95.48

Tomomi Nakamura

5,725,668

476,070

17,013

Katsuyuki Mizuma

5,973,084

244,153

1,520

Tetsuo Fujinuki

6,020,473

196,766

1,520

Approved / 96.35

Miwako Doi

6,128,093

89,144

1,520

Approved / 98.08

Fuminao Hachiuma

6,146,234

64,0108,515

Approved / 98.37

Shigeru Yamashita
Proposal No. 3

6,192,088

18,1578,515

Approved / 99.10

Proposal No. 2
Election of Eight (8)Directors of the Board

Election of One (1)Corporate Auditor

Hiromi Tsutsumi
Proposal No. 4

Determination ofCompensation for Granting
Restricted Stock to
Directors

Approved / 91.63
Approved / 95.59

Note 25,440,334

776,922

1,520

Election of One (1)Substitute CorporateAuditorHirohisa Ryu
Proposal No. 5

Note 2

Approved / 87.07

Note 2
6,207,113

10,103

1,520

Approved / 99.34

6,174,076

39,0385,629

Note 1

Approved / 98.81

6,192,355

18,878

7,520

Note 1

Approved / 99.10

Proposal No. 6
Revision to Amount ofCompensation to Corporate
Auditors

Notes: 1. A majority of voting rights exercised by the shareholders who attended the General Meetingof 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 majority ofvoting 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 thenumbers of voting rights exercised by the shareholders who attended the Meeting which were
not confirmed as any one of these three.