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Share Issuance and Disposal5401NIPPON STEEL CORPORATIONIron and steel and nonferrous metals

Notice Concerning Adjustments to the Conversion Prices of the 2029-Due Euro-Yen Convertible Bonds with Stock Acquisition Rights and the 2031-Due Euro-Yen Convertible Bonds with Stock Acquisition Rights

The conversion prices of the already-issued convertible bonds with stock acquisition rights due in 2029 and 2031 were reduced due to an interim dividend on common shares. The 2029 bonds changed from ¥716.9 to ¥704.0, and the 2031 bonds changed from ¥723.5 to ¥710.5.

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Details of issuance or disposal

Adjustment of the conversion prices of convertible bonds with stock acquisition rights

Terms of the stock acquisition rights
Exercise price
Due 2029: ¥716.9 before adjustment, ¥704.0 after adjustment. Due 2031: ¥723.5 before adjustment, ¥710.5 after adjustment. Adjusted under the conversion price adjustment provision; revised floor: Not disclosed
Details of issuance or disposal
ItemDetails
Type of issuance or disposalAdjustment of the conversion prices of convertible bonds with stock acquisition rights
Exercise priceDue 2029: ¥716.9 before adjustment, ¥704.0 after adjustment. Due 2031: ¥723.5 before adjustment, ¥710.5 after adjustment. Adjusted under the conversion price adjustment provision; revised floor: Not disclosed
Items this document does not state (26)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allotteeIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor shareholders after the offeringImpact on Business Performance

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

At the Board of Directors meeting held on 5 November 2026, a proposal for an interim dividend of ¥12 per common share was approved, triggering the conversion price adjustment provision.

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Notice Concerning Adjustments to the Conversion Prices of the 2029-Due Euro-Yen Convertible Bonds with Stock Acquisition Rights and the 2031-Due Euro-Yen Convertible Bonds with Stock Acquisition Rights | NIPPON STEEL CORPORATION (5401) timely disclosure | Komori