Detailed decision on introduction of stock compensation plan for directors

July 29, 2016

Kobe Steel, Ltd.

Kobe Steel, Ltd. announced on April 28, 2016 that it would introduce a Board Benefit Trust (BBT) (hereinafter the “Plan”) for directors, to be established based on a trust agreement concluded with Mizuho Trust & Banking Co., Ltd. The proposal for the Plan was approved at the 163rd Ordinary General Meeting of Shareholders held on June 2016. As details of the Plan have been decided, Kobe Steel hereby announces them as follows.

1. Outline of the Trust

1. Name of trust:
Board Benefit Trust (BBT)
2. Trustor:
The Company
3. Trustee:
Mizuho Trust & Banking Co., Ltd.
(Re-trustee: Trust & Custody Services Bank, Ltd.
4. Beneficiaries:
Directors, etc. who meet the requirements as beneficiaries as stipulated in the director stock benefit regulations
5. Trust administrator:
A third party having no conflicts of interest with the Company
6. Type of trust:
Money trust other than cash trust (third-party beneficiary trust)
7. Date of trust agreement:
August 9, 2016 (planned)
8. Date when money is entrusted:
August 9, 2016 (planned)
9. Period of trust:
From August 9, 2016 (planned) to until the trust ends. (The trust shall continue without a specific ending period, continuing as long as the Plan continues.)

2. Acquisition Details on Company Shares for the Trust

1. Type of shares to be acquired:
The Company’s common stock
2. Amount entrusted as acquisition funds for shares:
1.1 billion yen
3. Acquisition method of shares:
Acquisition through trading markets
4. Acquisition period of shares:
From August 9, 2016 to August 19, 2016

3. Framework of the Plan

Framework of the Plan

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