Issuance of Domestic Unsecured Straight Bonds

Kobe Steel, Ltd. hereby gives notice that it has decided to issue Domestic Unsecured Straight Bonds under the terms as set forth below.

Domestic Unsecured Straight Bonds (Three-year bond)

1. Name:

Kobe Steel, Ltd. Series 72 Unsecured Bonds
(Limited Inter-Bond Pari Passu Clause)

2. Total amount of issue:

22 billion yen

3. Denomination of bond:

100,000,000 yen each

4. Interest rate:

0.981% per annum of the principal of the bonds

5. Issue price:

100% of the principal amount of the bonds

6. Redemption price:

100% of the principal amount of the bonds

7. Maturity date:

To be redeemed in a lump sum on November 26, 2027

8. Offering period:

November 21, 2024

9. Closing date:

November 27, 2024

10. Method of issue:

Public offering in the domestic market

11. Date of payment of interest of the bonds:

Semiannually on May 27 and November 27

12. Status of the bonds:

Unsecured by assets or guarantees

13. Fiscal agent:

MUFG Bank, Ltd.

14. Underwriters:

・Mizuho Securities Co., Ltd.

・SMBC Nikko Securities Inc. as the Joint Lead Manager

・Daiwa Securities Co. Ltd. as the Joint Lead Manager

Use of the proceeds:

To be applied to the redemption of loans