On June 28, 2022, The Bank of Iwate, Ltd. announced the Voting Results of Proposals resolved at the 140th Ordinary General Meeting of Shareholders held on June 22, 2022. The Proposals 1 to 4 from the Company were approved, and Proposal 5 of the activist Silchester International Investors LLP was rejected. Specifically, the following proposals were discussed: Proposal 1 about Appropriation of Surplus: 50 yen per share of common stock and Total dividend amount 865,386,800 yen, Proposal 2 about Partial Amendment to the Articles of Incorporation: the introduction of the electronic provision system will come into effect on September 1, 2022, Proposal 3: Election of Sachio Taguchi, Toru Iwayama, Motomu Sato, Kensei Ishikawa, Shinji Niisato, Shinei Kishi, Fumihiko Kikuchi, Fumio Ube, Atsushi Miyanoya, and Yutaka Takahashi as Directors excluding Directors who are Audit and Supervisory Committee Members.

Fumio Ube, Atsushi Miyanoya, and Yutaka Takahashi are outside directors. And Proposal 4 about Election of Yuji Chiba, Etsuko Sugawara, Masakazu Watanabe, and Chikako Maeda as directors who are Audit and Supervisory Committee members. Subsequently, the Proposal 5 about Distribution of Surplus: dividend of 76 yen per share was not approved by shareholder votes.