Investor Presentaiton

Mitsubishi Corporation Shareholder Returns and Stock Split November 2, 2023 Mitsubishi Corporation Shareholder Returns Dividends: Per-share dividend forecast revised upward to ¥210 (+\10 from the May 9 forecast) under our progressive dividend policy, comprehensively considering: higher revised earnings forecast in multiple segments, projected steady growth, and market expectations. (Billions of Yen) Midterm Corporate Strategy 2021 Midterm Corporate Strategy 2024 700 ■Dividend Share buybacks (progressive dividends) 600 500 400 300 ¥198.7 bn ¥197.8 bn 200 ¥132 ¥134 per share per share ¥70.0 bn ¥221.5 bn ¥150 per share Additional returns ¥200.0 bn ¥100.0 bn ¥170.0 bn ¥100.0 bn Change in dividend per share due to stock split ¥259.3 bn ¥180 per share Approx. ¥275.0 bn ¥200 per share Approx. ¥290.0 bn ¥210 per share ¥210 ¥70 per share No change to total dividends paid FY2019 FY2020 FY2021 FY2022 FY2023 Released May 9 (Forecast) Approx. Total Payout ¥198.7 bn ¥197.8 bn ¥291.5 bn ¥629.3 bn ¥375.0 bn Total Payout Ratio (excl. additional returns) 37% 115% 31% 53% (36%) FY2023 Released Nov. 2 (Forecast) Approx. ¥390.0 bn Approx. ¥290.0 bn ¥70 per share or more Target total payout ratio of around 40% FY2024 (Forecast) Stock split Objective: To lower the price per investment unit for a more investor-friendly environment, increase liquidity and expand the investor base. Split ratio 1:3 Effective January 1, 2024 Annual dividend per share (after adjustment for split) ¥70 Copyright 2023 Mitsubishi Corporation 8

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