Investor Presentaiton

4 ESG Topics To create Social Value through our Businesses March, 2021 The Swappable Battery Consortium for Electric Motorcycles, established by 4 major motorcycle manufactures (including Kawasaki), has reached an agreement to standardize swappable batteries and replacement systems, allowing battery sharing and paving the way for increased adoption of environmentally-friendly electric motorcycles in Japan. To Enhance Corporate Governance June, 2020 Kawasaki Transitioned to a company with audit & supervisory committee with a view to responding swiftly to rapid changes in the management environment while further strengthening its supervisory function • Delegation of authority to officers responsible for specific businesses . Review of the ratio of outside directors (6 out of 13 outside directors) • Elimination of concurrent posts as directors and officers responsible for specific businesses • Evaluation by Society Selected as "MSCI Japan Empowering Women (WIN) Select Index" for the first time, which make Kawasaki constituent of all of the four ESG indices adopted by GPIF Selected as "FTSE4Good Index Series" for fourth consecutive year 2020 CONSTITUENT MSCI ESGセレクト・リーダーズ指数 Selected as "Dow Jones Sustainability Asia Pacific Index" for eighth consecutive year FTSE4Good © Kawasaki Heavy Industries, Ltd. All Rights Reserved Member of Dow Jones Sustainability Indices Powered by the S&P Global CSA Kawasaki Powering your potential 46

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