Announcement on share transfer of equity method affiliate

Kobe Steel, Ltd. announces that it has sold a part of shares that it holds in its equity-method affiliate OSAKA Titanium Technologies Co., Ltd. (OTC) (code number 5726: First section of the Tokyo Stock Exchange). Kobe Steel sold 1,650,000 shares through a negotiated transaction. With this sale of shares, Kobe Steel's ownership ratio of voting rights in OTC has decreased from 19.43% to 14.95%, which led to the exclusion of OTC from the equity-method affiliates of Kobe Steel.

The shares sold in this transaction are 1,650,000 shares for which the selling method was undetermined in the Announcement of Planned Share Transfer of Equity Method Affiliate, as of January 29, 2021.