Suzuken : Notice Regarding Acquisition of Treasury Shares by Own Share Repurchase Trading (ToSTNeT-3)

November 14, 2023

Press Release SUZUKEN CO., LTD.

Shigeru Asano, President and CEO (Stock Code: 9987)

Securities Traded: Prime Markets of the Tokyo and Nagoya Stock Exchanges, and the Sapporo Securities Exchange

Contact: Yuichi Yamamoto, Executive Officer, Senior General Manager of Corporate Group Planning Headquarters

Tel.: [phone]

Notice Regarding Acquisition of Treasury Shares by Own Share Repurchase Trading

(ToSTNeT-3)

(Acquisition of treasury shares in accordance with the Articles of Incorporation pursuant to the provision of

Article 459, Paragraph 1 of the Companies Act)

Suzuken Co., Ltd. (hereinafter, "the Company") hereby announces that it has decided the specific method and details for the acquisition of treasury shares which were resolved by the Board of Directors on November 10, 2023

in accordance with the Articles of Incorporation pursuant to the provision of Article 459, Paragraph 1 of the Companies Act. Details are as follows:

1. Acquisition Method

The Company will place an order to purchase shares at 8:45 a.m. on November 15, 2023, through the own share

repurchase trading (ToSTNeT-3) of Tokyo Stock Exchange, Inc. The acquisition price will be the closing price of the Company's shares today (November 14, 2023), ¥4,861. (This will not be changed to another transaction system or time). The buy-order will be placed only at this time.

2. Acquisition Details
(1) Type of shares to be acquired	Common shares
(2) Total number of shares to be acquired	2, 800, 000 shares (upper limit)
(3) Total acquisition value of shares	¥13, 610.8 million (upper limit)
(4) Announcement of acquisition result	The acquisition result will be announced after
	the transaction is complete at 8:45 a.m.

(Notes)

1. The number of shares to be acquired will not be changed. However, it is possible that some or all of the shares will not be acquired due to market fluctuations, etc.
2. The repurchase will be conducted based on buy-orders corresponding to the planned number of shares to be acquired.
3. On or after the day following the acquisition date (November 15, 2023), the Company plans to continue acquisition of treasury shares through market purchase including Tokyo Stock Exchange Trading Network Off- Auction Own Share Repurchase Trading System (ToSTNeT-3), up to the quantity and amount obtained by deducting the total number of shares and acquisition value using the above method from the total number of shares and acquisition value to be acquired as resolved at the Board of Directors stated below.

(Reference) Details of Resolution to Acquire Treasury Shares (Announced on November 10, 2023)

(1) Type of shares to be acquired	Common shares
(2) Total number of shares to be acquired	6,000,000 shares (upper limit)
	(% to total number of shares outstanding
	(excluding treasury shares): 7.24%)
(3) Total acquisition value of shares	¥25 billion (upper limit)
(4) Acquisition period	November 13, 2023 to March 8, 2024
(5) Acquisition method	Market purchase including Tokyo Stock
	Exchange Trading Network Off-Auction Own
	Share Repurchase Trading System (ToSTNeT-
	3)

This is an English translation of a statement written initially in Japanese and is provided for reference purposes only. The Japanese original shall prevail in the event of any discrepancy between this document and the original.