Announcement of Changes in Group Structure

February 13, 2020

Cosmo Energy Holdings Co., Ltd.

Cosmo Energy Holdings Co., Ltd. announces the partial change in its group structure and affiliate company to be in effective from April 1, 2020.

<About the change of structure>

1. Changes to departments
   (1)IT Strategy Department
   In order to conduct high level implementation of the IT strategy, IT governance, cutting edge Information technology utilization, and the reconfiguration of the core system within the Cosmo Energy Group, the current IT System Department will be constructively re-grouped to form the IT Strategy Department.
   (2)Sustainability Initiative Department
   In order to achieve sustainable growth for the company and to implement further sustainability in corporate management accordingly from the perception of ESG, the current CSR Management Department will be constructively re-grouped to form the Sustainability Initiative Department
   
   
2. Reorganization of affiliate company
   In order to build a corporate structure to execute further enhanced initiatives in the field of IT, Cosmo Energy Systems Co., Ltd. will be merged to Cosmo Energy Holdings Co., Ltd. on April 1, 2020.

<Organization Chart>

(The official language for Cosmo Energy Group's filings with the Tokyo Stock Exchange and Japanese authorities, and for communications with our shareholders, is Japanese. We have posted English versions of some of this information on this website. While these English versions have been prepared in good faith, Cosmo Energy Group does not accept responsibility for the accuracy of the translations, and reference should be made to the original Japanese language materials.)

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