Notice Regarding Completion of Investment in a Special-Purpose Company for the Acquisition of Shares of SHINKO ELECTRIC INDUSTRIES CO., LTD.

Mitsui Chemicals, Inc. (Head Office: Chuo, Tokyo; President & CEO: HASHIMOTO Osamu; securities code: 4183; “Mitsui Chemicals”) announced in a news release on December 12, 2023, titled “Notice Regarding Investment in a Special-Purpose Company for the Acquisition of Shares of SHINKO ELECTRIC INDUSTRIES CO., LTD.”, that it will work with funds managed and operated by JIC Capital, Ltd. (Head Office: Minato, Tokyo; President and CEO: IKEUCHI Shogo) (the “JICC Funds”)*, as well as with Dai Nippon Printing Co., Ltd. (Head Office: Shinjuku, Tokyo; President: KITAJIMA Yoshinari; securities code: 7912), to invest in JICC-04, Ltd. (the “Tender Offeror”).

*The JICC Funds include a fund in which Hachijuni Sustainability No. 1 Fund (general partner: Hachijuni Investment Co., Ltd.) will invest.

Having commenced a tender offer (the “Tender Offer”) for shares of SHINKO ELECTRIC INDUSTRIES CO., LTD. in accordance with the Financial Instruments and Exchange Act (Act No. 25 of 1948) on February 18, 2025, the Tender Offeror announced that it concluded the Tender Offer on March 18, 2025. Please refer to the press release by the Tender Offeror for details of the outcome of the Tender Offer.

As announced in the news release on December 12, 2023, titled “Notice Regarding Investment in a Special-Purpose Company for the Acquisition of Shares of SHINKO ELECTRIC INDUSTRIES CO., LTD.”, Mitsui Chemicals has accepted the common shares and preferred shares (non-voting shares) of the Tender Offeror through third-party allotment. As a result, Mitsui Chemicals holds 5 percent of the voting rights of the Tender Offeror. The total amount of this investment is approximately 35 billion yen.

(Reference) Related news release:

□   December 12, 2023

Notice Regarding Investment in a Special-Purpose Company for the Acquisition of Shares of SHINKO ELECTRIC INDUSTRIES CO., LTD.
https://jp.mitsuichemicals.com/en/release/2023/2023_1212_2/index.htm