日本電解（5759） – Notification regarding a Change of Major Shareholder

March 14, 2022 Company Name: Nippon Denkai, Ltd. Representative: Listed on: Stock Ticker Code: 5759 Contact Person Hidemasa Nakajima President and CEO Tokyo Stock Exchange Yoichi Yamamoto Director and CFO Notification regarding a Change of Major Shareholder Nippon Denkai, Ltd. (TSE:5759, “Nippon Denkai”) announces that there has been a change of Major Shareholder on March 3, 2020 as follows. 1. Reason for the Change Asset Management One Co., Ltd. (hereafter “Asset Management One”), one of the shareholders of Nippon Denkai, has filed a Mass Holding Report to the Finance Bureau on March 10, 2022. According to the report, Asset Management One and 3 companies, Mizuho Securities Co., Ltd., Mizuho Securities USA LLC, Asset Management One International Ltd. (hereafter “Joint Holders”) own the share of Nippon Denkai more than 10% and have become the Major Shareholder. 2. Overview of shareholders subject to change (3) Name and Title of Representative Akira Sugano, President & CEO Asset Management One Co., Ltd. 8-2, Marunouchi 1chyo-me, Chiyoda-ku Tokyo Investment management business, Investment advisory and agency business, Type II Financial instruments business, Commodity investment advisory business, etc. (5) Paid-in Capital 2 billion yen The followings are the Joint Holders. Mizuho Securities Co., Ltd. 5-1, Otemachi 1chyo-me, Chiyoda-ku Tokyo (3) Name and Title of Representative Yoshiro Hamamoto, President & CEO (4) Business Financial Instruments Business (5) Paid-in Capital 125,167 million yen (1) Name (2) Address (4) Business (1) Name (2) Address Mizuho Securities USA LLC 1271 Avenue of the Americas, New York, NY 10020, USA President & CEO Gerald A. Rizzieri (3) Name and Title of Representative (4) Business Financial Instruments Business (5) Paid-in Capital 429,259 thousand U.S. Dollars (1) Name (2) Address (1) Name (2) Address Asset Management One International Ltd. 30 Old Bailey, London, EC4M 7AU, UK (3) Name and Title of Representative Toru Yoshibe, Chief Executive Officer (4) Business Investment management business, etc. (5) Paid-in Capital 9,000 thousand British Pounds 3. Number and ratio of voting rights held by the shareholder Direct Ownership Joint Holder Before the Change 5,758 920 (as of February 15, 2022) （7.94%） （1.26%） （9.21%） After the Change 6,404 1,020 (as of March 3, 2022) （8.83%） （1.40%） （10.24%） Notes： The ratio of voting rights are calculated based on 7,250,000 shares held by all shareholders as of March 14,2022, rounded down to two decimal places. Total 6,678 7,424 4. Future Outlook On the report, Asset Management One and Joint Holders shows their purpose of shareholding as Investment trusts, Discretionary investment agreements, Dealing on the short-term trading, or Temporary holding based on Lending or other transactions. This Change can be made without impact to the management structure or business performance of Nippon Denkai. Contact Information ir_team@nippon-denkai.co.jp