Notice Regarding Supplemental Materials for Shareholder Proposal to “Oi Electric Co., Ltd.”

We have submitted a letter of requesting the convocation of an extraordinary general meeting of shareholders to “Oi Electric Co., Ltd.” in accordance with the provisions of Article 297 of the Companies Act On November 24th.

<To the Shareholders of Oi Electric Co., Ltd.>
This shareholder proposal is intended to question the management’s responsibility to date and its appropriateness as a director for the future enhancement of corporate value. We believe that the current old system should be changed in order for Oi Electric to grow dramatically in the future. Since this proposal is expected to bring about a drastic change in Oi Electric, we believe that it is a proposal that shareholders other than the Company can also support.


Supplementary Materials for Shareholder Proposal