日本郵船（9101） – Notice regarding Stock Split, Partial Amendment to the Articles of Incorporation, Revision to Dividend Forecast, and Amendment to Shareholder Benefit

To whom it may concern: May 26, 2022 Company Name Nippon Yusen Kabushiki Kaisha Representative Contact Hitoshi Nagasawa (Code No.: 9101 TSE Prime Market) Takaaki Hashimoto General Manager, Legal & Fair Trade Promotion Group (TEL. +81 3-3284-5151) Notice regarding Stock Split, Partial Amendment to the Articles of Incorporation, Revision to Dividend Forecast, and Amendment to Shareholder Benefit Program Nippon Yusen Kabushiki Kaisha (“the Company”) hereby announces that at the meeting of the Board of Directors held on May 26, 2022, the Company resolved to implement a stock split, and accordingly, partially amend the Articles of Incorporation, revise dividend forecast, and amend shareholder benefit program. Details are as follows. 1. Stock split (1) Purpose of the stock split unit. (2) Method of the stock split The purpose is to expand the investor base by reducing the Company’s stock price per investment Each share of common stock owned by shareholders listed or recorded in the closing register of shareholders on the record date of September 30, 2022 will be split into 3 shares per share. (3) Number of shares to be increased by the stock split 1. Total number of issued shares before the stock split 170,055,098 shares 2. Number of shares to be increased by the stock split 340,110,196 shares 3. Total number of issued shares following the stock split 510,165,294 shares 4. Total number of authorized shares following the stock split 895,065,000 shares (4) Schedule of the stock split Public notice of record date (tentative): September 15, 2022 Record date: Effective date: September 30, 2022 October 1, 2022 (5) Others ⚫ There is no change in the amount of stated capital as a result of this stock split. ⚫ As the stock split takes effect on October 1, 2022, the dividends below will be paid based on the – the year-end dividend for the fiscal year ended March 2022 which has a dividend record – the interim dividend for the fiscal year ending March 2023 which has a dividend record date shares before the stock split. date of March 31, 2022 of September 30, 2022 2. Partial amendment to the Articles of Incorporation in connection with the stock split (1) Reason for the amendment In connection with the stock split, an associated part of the Articles of Incorporation will be amended effective October 1, 2022 in accordance with Article 184, Paragraph 2 of the Companies Act. (2) Details of the amendment The details of the amendment are as follows: Proposed amendment Current Articles of Incorporation (Total Number of Shares Authorized to be (Total Number of Shares Authorized to be (Underlined parts indicate the amendments.) Issued) Article 5 Issued) Article 5 The total number of shares authorized to be The total number of shares authorized to be issued by the Company shall be 895,065,000. issued by the Company shall be 298,355,000. (3) Schedule of the amendment Date of Resolution of Board of Directors: May 26, 2022 Effective Date: October 1, 2022 3. Revision to dividend forecast In connection with the stock split, the Company has revised the forecast of the year-end dividend for the fiscal year ending March 2023, which was disclosed on May 9, 2022, in the Fiscal 2021 Financial Highlights. The revision to the dividend forecast is effectively an increase from the dividend forecast announced on 9 May 2022. (Yen) Annual dividend per share Previous forecast (Announced on May 9, 2022) Revised forecast (Conversion to the pre-stock split basis) Results in the year ended March 2022 (Notes) Interim (End of 2Q) Year-end Full year 650.00 400.00 1,050.00 650.00 135.00 （405.00） （1,055.00） ― ― 200.00 1,250.00 1,450.00 Actual dividend issued ― ― 1. The dividends below will be paid based on the shares before the stock split. – the year-end dividend for the fiscal year ended March 2022 which has a dividend record date – the interim dividend for the fiscal year ending March 2023 which has a dividend record date of March 31, 2022 of September 30, 2022 2. The year-end dividend for the fiscal year ending March 2023 which has a dividend record date of March 31, 2023, will be paid based on the shares following the stock split. The year-end dividend for the fiscal year ending March 2023 is changed from one-third of the previous estimate JPY 400.00 and is expected to be JPY 135.00. 3. Forecast for the full-year dividend per share is not presented because simple comparisons are not possible due to the implementation of the stock split. However, the forecast for the full-year dividend per share based on the pre-stock split is JPY 1,055.00. 4. The year-end dividend for the fiscal year ending March 2022 is scheduled to be paid after approval at our 135th Ordinary General Meeting of Shareholders which will be held on June 22 this year. 4. Partial amendment to shareholder benefit program (1) Reason for the amendment The Company offers discount tickets of Asuka Cruise, depending on the number of our shares held, to shareholders who are listed or recorded in the shareholder registry as of March 31 of each year and own at least one unit (100 shares). In accordance with our stock split effective October 1 2022, the criteria for shareholder benefit Number of shares Contents of shareholder benefit (Before the stock split) (Discount tickets of Asuka Cruise) (Underlined parts indicate the amendments.) Number of shares Contents of shareholder benefit (Following the stock split) (Discount tickets of Asuka Cruise) program will be amended. (2) Details of the amendment Not less than 100 and less than 500 Not less than 500 and less than 1,000 Not less than 1,000 Not less than 100 and less than 1,500 Not less than 1,500 and less than 3,000 Not less than 3,000 (3) Schedule of the amendment as of March 31, 2023. 3 tickets 6 tickets 10 tickets 3 tickets 6 tickets 10 tickets The amended criteria will be applied to shareholders starting from the Company’s shareholders list For shareholders listed as of March 31, 2022, the criteria before amendment will be applied. Note : This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.