Public Relations Group, Corporate Communications Unit

Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN

December 1, 2023

Announcement Concerning the Status and Completion of Acquisition of Own

Shares (Under the provisions of the Company's Articles of Incorporation

pursuant to Article 165, Paragraph 2 of the Companies Act)

TOKYO, JAPAN - INPEX CORPORATION(INPEX) announces that it has acquired its own shares based on the provisions of Article 156 of the Companies Act, applicable under the provisions of Article 165, Paragraph 3 of the same Act. Details are as follows.

INPEX also announces that the repurchase of its own shares in accordance with the resolution by the Board of Directors held on August 9, 2023 has been completed.

1.

Type of shares acquired:

Common shares

2.

Period of acquisition:

From November 1, 2023 to November 30, 2023

3.

Total number of shares acquired:

15,461,300 shares

4.

Total cost of acquisition:

32,234,286,750 yen

5. Method of acquisition:

Market purchases on the Tokyo Stock Exchange

(Reference)

1. Details of resolution at a meeting of the Board of Directors held on August 9, 2023

(1)

Type of shares to be acquired:

Common shares

(2)

Total number of shares to be acquired:

Up to 80 million shares

(6.12% of total number of issued shares

excluding own shares)

(3)

Total cost of acquisition:

Up to 100.0 billion yen

(4)

Period of acquisition:

From August 10, 2023 to December 29, 2023

(5) Method of acquisition:

Market purchases on the Tokyo Stock Exchange

Note: The shares held by the Board Incentive Plan Trust are not included in the number of own shares.

2. Accumulated total of acquired own shares until November 30, 2023 pursuant to the abovementioned resolution of the Board of Directors

(1)

Total number of shares acquired:

47,768,600 shares

(2)

Total cost of acquisition:

99,999,852,800 yen

Media Contact: INPEX Tokyo Office, Public Relations Group, Tel) +81-3-5572-0750

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Inpex Corporation published this content on 01 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2023 06:07:32 UTC.