Resona : Announcement Regarding Decision on Matters Concerning Acquisition of Treasury Shares and Cancellation of Treasury Shares

May 14, 2024

To whom it may concern,

Company Name Resona Holdings, Inc.

(Code 8308: Prime Market of Tokyo Stock Exchange)

Announcement Regarding Decision on Matters Concerning Acquisition of Treasury

Shares and Cancellation of Treasury Shares

(Acquisition of treasury shares pursuant to Article 156, Paragraph 1 of the Companies Act, based upon a provision of the Articles of Incorporation made under Article 459, Paragraph 1, Item 1 of the Companies Act, and cancellation of treasury shares pursuant to Article 178 of the Companies Act)

Resona Holdings, Inc. (President：Masahiro Minami) has resolved, at its board of directors meeting held today, to acquire its treasury shares pursuant to Article 156, Paragraph 1 of the Companies Act, based upon the provision of Article 50 of Resona Holdings' Articles of Incorporation made under Article 459, Paragraph 1, Item 1 of the Companies Act. Resona Holdings has also decided to cancel its treasury shares pursuant to Article 178 of the Companies Act.

1. Reasons for the acquisition of treasury shares
   Resona Holdings will acquire its treasury shares in order to enhance return to its shareholders, improve the capital efficiency and enable implementation of flexible capital policies.
2. Details of the matters concerning the acquisition

(1)	Class of shares to be acquired	Ordinary shares of Resona Holdings
(2)	Total number of shares to be acquired	Up to 30,000,000 shares
		(1.29% of the total number of ordinary shares
		issued (excluding treasury shares))
(3)	Total acquisition cost	Up to 20,000,000,000 yen
(4)	Period of acquisition	From May 15, 2024 to June 21, 2024
(5)	Method of acquisition	Market buying on the Tokyo Stock Exchange
		pursuant to the discretionary purchase agreement

3. Details of the matters concerning the cancellation

(1)	Class of shares to be cancelled	Ordinary shares of Resona Holdings
(2) Number of shares to be cancelled	The number corresponding to all of the treasury
		shares acquired through 2 above
(3)	Date of cancellation	July 10, 2024 (planned)

The number of shares to be cancelled will be announced after completion of the acquisition of treasury shares pursuant to 2 above.

(Reference) Status of treasury share holding (ordinary shares) as of March 31, 2024

 Total number of shares issued (including treasury shares)	2,342,989,566 shares
 Number of treasury shares	13,119,982 shares (Note)

(Note) Including shares of Resona Holdings held by the ESOP-type Stock Benefit Trust for the Employee Shareholding Association and the Stock Benefit Trust for the Executives. As of March 31, 2024, 12,359,400 shares of Resona Holdings are held by the ESOP-type Stock Benefit Trust for the Employee Shareholding Association and the Stock Benefit Trust for the Executives.

End