Mitsubishi Chemical Group Corporation (MCG) hereby announces that disposition of treasury shares under the performance-linked stock compensation (hereafter, the 'Treasury Share Disposition') has been determined today by the Representative Corporate Executive Officer to whom the decision had been delegated by the Board of Directors, as follows.

Purpose and Reason for Disposition

MCG decided at a meeting of its Compensation Committee held on April 27, 2021 to introduce a performance share unit scheme, which is a performance-linked stock compensation scheme for corporate executive officers (hereafter, 'the Scheme') with the aim of providing corporate executive officers with an incentive for the continuous improvement of MCG's corporate value, and further sharing value between corporate executive officers and shareholders by further clarifying the connection between the compensation for corporate executive officers, MCG's business performance and the share value by means of providing MCG's common shares according to the degree of achievement of performance targets during a certain time period (hereafter, 'the Subject Period'). Furthermore, at the above-mentioned Compensation Committee meeting, it was decided that the Scheme shall be applied to MCG's corporate executive officers as of April 2021 using TSR (Total Shareholder Return) as a performance indicator during the Subject Period from April 1, 2021 to March 31, 2024.

Treasury Share Disposition shall be implemented for the purpose of providing MCG's four (4) corporate executive officers (including retired corporate executive officers; hereafter, 'the Subject Corporate Executive Officers') with 158,338 common shares of MCG according to the attainment of performance targets, etc. during the Subject Period from April 1, 2021 to March 31, 2024 under the Scheme by the decision of the Representative Corporate Executive Officer to whom the decision was delegated by the Board of Directors on June 7, 2024, in accordance with the decision of the Compensation Committee meeting held on June 7, 2024. It should be noted that Treasury Share Disposition shall be implemented as compensation, etc. for corporate executive officers by means of disposing of treasury shares without requiring the payment of monies or the provision of assets in exchange for the common shares.

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