Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

(Securities Code 4694)

June 8, 2021

To Shareholders with Voting Rights:

Kensuke Kondo

President and Representative Director

BML, Inc.

5-21-3 Sendagaya, Shibuya-ku, Tokyo

NOTICE OF THE 66TH ANNUAL GENERAL MEETING OF SHAREHOLDERS

We would like to express our appreciation for your continued support and patronage.

We are pleased to inform you that the 66th Annual General Meeting of Shareholders of BML, Inc. (the "Company") will be held for the purposes as described below.

In order to prevent the spread of novel coronavirus disease (COVID-19), the Japanese government and prefectural governors are strongly recommending all persons to stay at home. In response to this situation, as a result of careful consideration, we will be holding the General Meeting of Shareholders upon conducting appropriate infection preventive measures.

In light of the situation with strong recommendation to stay at home, we would like to ask our shareholders to exercise voting rights in advance in writing or via the Internet, etc. to the extent possible, and strongly encourage you to refrain from attending the General Meeting of Shareholders, regardless of your physical condition, from the perspective of preventing the spread of COVID-19.

Please review the attached Reference Documents for the General Meeting of Shareholders, and exercise your voting rights by no later than 5:30 p.m. on Monday, June 28, 2021, Japan time.

1. Date and Time:Tuesday, June 29, 2021 at 10:00 a.m. Japan time

2. Place:

Nishiki, South Tower 4F, Keio Plaza Hotel

2-2-1Nishi-Shinjuku,Shinjuku-ku, Tokyo, Japan

In order to prevent the spread of COVID-19, we will make a space between seats at

this General Meeting of Shareholders as well. Accordingly, the number of seats

available to the shareholders will be substantially fewer than previous years.

Therefore, you may be denied admission even if you visit the venue. Thank you

very much for your understanding in advance.

3. Meeting Agenda:

Matters to be reported: 1. The Business Report, Consolidated Financial Statements for the Company's

66th Fiscal Year (April 1, 2020 - March 31, 2021) and results of audits of the Consolidated Financial Statements by the Accounting Auditor and the Board of Corporate Auditors

2. Non-consolidated Financial Statements for the Company's 66th Fiscal Year (April 1, 2020 - March 31, 2021)

Proposals to be resolved:

Proposal 1: Distribution of Surplus

Proposal 2: Partial Amendments to the Articles of Incorporation

Proposal 3: Election of 9 Directors

Proposal 4: Election of 3 Corporate Auditors

Proposal 5: Election of 1 Substitute Corporate Auditor

  • When attending the meeting, please submit the enclosed Voting Rights Exercise Form at the reception desk.
  • You may exercise your voting rights by mail or electronic media (via the Internet, etc.). By following "Guidance
    • 1 -

for Exercise of Voting Rights" on pages 3 and 4 of the Japanese version of this document, please exercise your voting rights by no later than 5:30 p.m. on Monday, June 28, 2021 Japan time.

  • In the event that voting rights are exercised multiple times via the Internet, etc., only the final vote submitted shall be considered valid.
  • In the event that voting rights are exercised in duplicate by mailing the Voting Rights Exercise Form and via the Internet, etc., the voting rights exercised through the Internet, etc. shall be considered valid.
  • Any updates to the Reference Documents for the General Meeting of Shareholders, the Business Report, the Non-Consolidated Financial Statements, and the Consolidated Financial Statements will be posted on the Company's website (http://www.bml.co.jp).
  • We may update the above measures depending upon the situation of the spread of the disease and announcements made by the government until the day of the General Meeting of Shareholders. Please check the Company's website (http://www.bml.co.jp) on the Internet for the transmission of information.
  • Exercising your voting rights by the Voting Rights Exercise Form entails infection risk during the course of sending back the Form and counting the votes. Therefore, if you are exercising your voting rights in advance, we would like to ask you to do so via the Internet to the extent possible.
  • We will put in place alcohol disinfectants for shareholders near the reception desk at the venue. (If you are attending the meeting, we would like to request you to bring and wear a face mask.)
  • We will take your temperature near the venue. Shareholders who have a fever, seem to be in a poor physical condition, or came back to Japan from overseas within 14 days may be asked not to enter the venue and go home. Please notify the receptionist if you came back to Japan and 14 days have not yet passed.
  • Operation staff of the General Meeting of Shareholders will take their temperatures, check their physical conditions, and wear face masks.
  • From the viewpoint of shortening the duration of the meeting in order to prevent the spread of COVID-19, detailed explanation on matters to be reported (including audit reports) and on the proposals will be omitted. We would like to ask you to read through the Notice in advance.

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Reference Documents for the General Meeting of Shareholders

Proposals and References

Proposal 1: Distribution of Surplus

The Company recognizes the appropriate return of profits to shareholders as one of its important management priorities and intends to strive for improvement of the dividend level commensurate with the consolidated financial results based on the basic policy of maintaining continuous, stable dividends.

The year-end dividend of surplus for this year shall be paid as follows, based on such basic policy.

Items Related to the Year-end Dividend

  1. Type of dividend property Cash
  2. Items related to the allocation of dividend property and the total amount
    50.0 yen per common share of the Company

Total amount: 2,032,353,200 yen

The annual dividend for this year will be 70.0 yen per share including the interim dividend of 20.0 yen per share which has been already paid.

  1. Date the distribution of surplus comes into effect June 30, 2021

- 3 -

Proposal 2: Partial Amendments to the Articles of Incorporation

  1. Reasons for the amendments
    1. In response to the future business development, etc., the Company proposes to add a new business purpose to Article 2 of the current Articles of Incorporation.
    2. To ensure that Directors and Corporate Auditors fully perform their expected roles, the Company proposes to establish new provisions in Article 27 and Article 35 of the current Articles of Incorporation. The provisions stipulate that the Company may partially exempt Directors' and Corporate Auditors' liability to the extent provided for under laws and regulations upon the Board of Directors' resolution. Each of the Corporate Auditors has previously given their approval to the amendment to Article 27.
  3. Details of the amendments
    The details of the amendments are as follows.

(Proposed amendments are underlined.)

Current

Proposed Amendments

Article 2 (Purposes)

Article 2 (Purposes)

The purposes of the Company shall be to

The purposes of the Company shall be to

engage in the following businesses:

engage in the following businesses:

1. to 28. (Omitted)

1. to 28. (Unchanged)

(Newly established)

29. Personnel dispatching agency business; and

29. research and development related to each

30. research and development related to each

of the foregoing items and any other

of the foregoing items and any other

incidental businesses.

incidental businesses.

- 4 -

Current

Proposed Amendments

Article 27 (Limited Liability Agreement with

Article 27 (Exemption of Directors' Liability)

Outside Directors)

Pursuant to Article 426, Paragraph 1 of the

The Company may conclude agreements

Companies Act, the Company may exempt

with OutsideDirectors to limit their liability

Directors (including former Directors) from

for damages due to neglect of their duties in

liability under Articles 423, Paragraph 1 of

accordance with Article 427, Paragraph 1 of

the said Act to the extent provided for under

the Companies Act. Provided, however, that

laws and regulations, upon the Board of

the maximum amount of liability under the

Directors' resolution.

agreements shall be the amount stipulated by

2.The Company may conclude agreements

laws and regulations.

with Directors (excluding those who are

Executive Directors, etc.)to limit their

liability for damages due to neglect of their

duties in accordance with Article 427,

Paragraph 1 of the Companies Act. Provided,

however, that the maximum amount of

liability under the agreements shall be the

amount stipulated by laws and regulations.

Article 35 (Limited Liability Agreement with

Article 35 (Exemption of Corporate Auditors'

Outside Corporate Auditors)

Liability)

The Company may conclude agreements

Pursuant to Article 426, Paragraph 1 of the

with OutsideCorporate Auditors to limit their

Companies Act, the Company may exempt

liability for damages due to neglect of their

Corporate Auditors (including former

duties in accordance with Article 427,

Corporate Auditors) from liability under

Paragraph 1 of the Companies Act. Provided,

Articles 423, Paragraph 1 of the said Act to

however, that the maximum amount of

the extent provided for under laws and

liability under the agreements shall be the

regulations, upon the Board of Directors'

amount stipulated by laws and regulations.

resolution.

2.The Company may conclude agreements

with Corporate Auditors to limit their

liability for damages due to neglect of their

duties in accordance with Article 427,

Paragraph 1 of the Companies Act. Provided,

however, that the maximum amount of

liability under the agreements shall be the

amount stipulated by laws and regulations.

- 5 -

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BML Inc. published this content on 04 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 June 2021 13:30:05 UTC.