(Translation)

August 4, 2023

To whom it may concern,

Company name: The Sumitomo Warehouse Co., Ltd.

Representative: Takanori Ono, President

Security ID Code: 9303 (Prime Market of TSE)

Reference: Akihiko Hoshino, Director,

Executive Officer,General Manager,

Finance & Accounting Department Tel: +81-6-6444-1183

Notice of Acquisition of Treasury Shares and Retirement of Treasury Shares

(Acquisition of treasury shares based on Articles of Incorporation pursuant to Article 165, Paragraph 2 of the Companies Act of Japan and retirement of treasury shares in accordance with Article 178 of the Act)

The Sumitomo Warehouse Co., Ltd. ("the Company") announced today that the Board of Directors resolved at the meeting held on August 4, 2023 to acquire Treasury Shares, pursuant to the provisions of Article 156 of the Companies Act, as applied pursuant to the provisions of Article 165, Paragraph 3 of the Act and also resolved to retire treasury shares in accordance with Article 178 of the Act.

1. Reason for the acquisition and retirement of treasury shares

To enhance shareholder returns and improve capital efficiency.

2. Details of share acquisition

(1)

Type of shares to be acquired

Common shares of the Company

(2)

Total number of shares to be acquired

750,000 shares (maximum)

(0.94% of total number of shares issued

[excluding treasury shares])

(3)

Total amount of costs to be acquired

2,000,000,000 yen (maximum)

(4) Acquisition period

August 7, 2023 to December 22, 2023

(5) Method of acquisition

Market purchase

(Reference) Treasury shares held as of July 31, 2023

Total number of shares issued (excluding treasury shares) 79,427,852 shares

Total number of treasury shares

569,463 shares

1

3. Details of share retirement

(1) Type of shares to be retired

Common shares of the Company

(2) Total number of shares to be retired

All the common shares to be acquired pursuant

to 2 above

(3) Scheduled date of retirement

March 29, 2024

  • The exact number of shares to be retired will be announced after completion of the share acquisition pursuant to 2 above.

-END-

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The Sumitomo Warehouse Co. Ltd. published this content on 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2023 08:27:06 UTC.