Mitsubishi Paper Mills : Notice of Resolutions of the 159th Ordinary General Meeting of Shareholders

Note: This document has been translated from 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.

(Securities Code: 3864)

June 27, 2024

To Our Shareholders

Ryuichi Kisaka

President and CEO

Mitsubishi Paper Mills Ltd.

2-10-14 Ryogoku, Sumida-ku, Tokyo, Japan

Notice of Resolutions of the 159th Ordinary General Meeting of Shareholders

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

We hereby inform you that the 159th Ordinary General Meeting of Shareholders of Mitsubishi Paper Mills Ltd. (hereinafter "MPM") was held as follows and all two matters for resolution were approved as originally proposed by a vast majority of votes of participating shareholders, including votes cast by mail and via the internet.

Matters to be reported: 1. The Business Report, the Consolidated Financial Statements and the results of audits of the Consolidated Financial Statements by the Independent Auditor and the Audit and Supervisory Board for the 159th Business Term (from April 1, 2023 to March 31, 2024)

The matters listed above were reported.

2. Non-Consolidated Financial Statements for the 159th Business Term (from April 1, 2023 to March 31, 2024)

The matters listed above were reported.

Proposals to be resolved:

Proposal No. 1: Election of Eight(8) Directors

This proposal was resolved as originally proposed. Six(6) Directors, Mr. Ryuichi Kisaka, Mr. Shigeharu Sanada, Mr. Yuji Takagami, Mr. Kunihiro Nakagawa, Mr. Yoshihiro Kataoka, Ms. Atsuko Watanabe were re-elected. And two(2) Directors, Mr. Kazuhiro Nakauchi, Mr. Soichi Nadahara, were newly elected.

Proposal No. 2: Election of One(1) Audit & Supervisory Board Member

This proposal was resolved as originally proposed. One(1) Audit & Supervisory Board Member, Mr. Hiroaki Tonooka was newly elected.

- End -

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At the Board of Directors meeting held after the Ordinary General Meeting of Shareholders, Representative Directors, President and Chief Executive Officer were appointed, and Executive Officers were elected.

The respective position of the Directors, Audit & Supervisory Board Members, and Executive Officers as of June 27, 2024, are as follows:

( Directors )
President ( Representative Director )	Ryuichi Kisaka
Representative Director	Shigeharu Sanada
Director	Yuji Takagami
Director	Kunihiro Nakagawa
Director	Kazuhiro Nakauchi
Outside Director	Yoshihiro Kataoka
Outside Director	Atsuko Watanabe
Outside Director	Soichi Nadahara
( Audit & Supervisory Board Members )
Full-time Audit & Supervisory Board Member	Yasuyuki Kusuda
Full-time Audit & Supervisory Board Member	Nobuko Otsuka
( Outside Audit & Supervisory Board Member )
Outside Audit & Supervisory Board Member	Hiroaki Tonooka
Outside Audit & Supervisory Board Member	Satoshi Takizawa
( Executive Officers )
* President & Chief Executive Officer	Ryuichi Kisaka
* Senior Executive Vice President	Shigeharu Sanada
* Managing Executive Officer	Yuji Takagami
* Managing Executive Officer	Kunihiro Nakagawa
* Managing Executive Officer	Kazuhiro Nakauchi
Executive Officer	Hiroaki Kobayashi
Executive Officer	Takao Fujiura
Executive Officer	Hironori Oikawa
Executive Officer	Ikuo Fujita
Executive Officer	Wakana Aizawa
( Mission Executives )
Mission Executive	Hiroshi Mohara
Mission Executive	Ryuki Fuchiwaki
Mission Executive	Fujitaka Mizushima
Mission Executive	Hidetaka Tsukada
Mission Executive	Yukio Tokunaga
Mission Executive	Sadao Nakamura
Mission Executive	Koji Yamanaka
	Cont.

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Mission Executive	Mitsuhiro Ikeda
Mission Executive	Hiroyuki Inou

• Executive Officers with an asterisk concurrently serve as a Director.

About dividends from surplus

Under Article 459 of the Companies Act, the Articles of Incorporation stipulate that dividend from surplus, etc. shall be paid by resolution of the Board of Directors. As for the year-end dividend for the fiscal year under review, we decided to pay the yearend dividend of 10 yen per share with a payment date of June 10, 2024, and sent the "Receipt of Year-end Dividend for the 159th Business Term" and the "Statement of Dividends" on June 7, along with the Notice of the General Meeting of Shareholders. For those who have designated bank account transfer, please confirm the "Statement of Dividends" and "Confirmation of the Recipient of Dividend Payment".

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