Announcement of Changes to Organization Structure

October 28, 2021

Cosmo Energy Holdings Co., Ltd.

Cosmo Energy Holdings Co., Ltd. (“Cosmo”) announces the changes to the organization structure effective from November 1, 2021. The details are as follows:

<Details on the changes to the structure>

New establishment of “Corporate DX Strategy Dept.” and the renaming of “IT Strategy Dept.” to “IT Initiative Dept.”

“Corporate DX Strategy Dept.” will report directly to the CEO in order to fast track the DX strategy of the entire Cosmo Energy Group.

<Organization Chart>

(The official language for Cosmo's filings with the Tokyo Stock Exchange and Japanese authorities, and for communications with Cosmo’s shareholders, is Japanese. Cosmo have posted English versions of some of this information on this website. While these English versions have been prepared in good faith, Cosmo 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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