Tender offer to make The Kanagawa Bank, Ltd. a wholly owned subsidiary

「In addition, 株式会社横浜銀行 acquired all fractional shares, and 神奈川銀行 became a wholly owned subsidiary of 株式会社横浜銀行.」

「On 27 April 2023, 株式会社横浜銀行 acquired 3,477,304 common shares and 103,500 Class A Preferred Shares (Series 1) of 株式会社神奈川銀行 through a tender offer. As a result, 株式会社横浜銀行's voting rights ratio in 株式会社神奈川銀行 reached 84.10%, and 株式会社神奈川銀行 became a consolidated subsidiary of 株式会社横浜銀行 as of the same date. As part of the procedures for making 株式会社神奈川銀行 a wholly owned subsidiary of 株式会社横浜銀行, 株式会社神奈川銀行 carried out a share consolidation, effective 29 June 2023. As a result, all of the common shares held by shareholders other than 株式会社横浜銀行 became fractional shares totalling less than one share, and 株式会社横浜銀行's voting rights ratio in 株式会社神奈川銀行 became 100%. 株式会社横浜銀行 plans to acquire all of the fractional shares going forward.」

「As the total number of shares and other securities tendered in this tender offer was at least the minimum number of shares to be purchased, all tendered shares and other securities were purchased. Number of shares and other securities purchased: 3,477,304 common shares and 103,500 Class A Preferred Shares (Series 1). Shareholding ratio after the purchase: 84.63%.」

「At a Board of Directors meeting held on 3 February 2023, 株式会社横浜銀行 resolved to acquire the common shares and first series Class A preferred shares of 株式会社神奈川銀行 (the “Target Company”) through a tender offer under the Financial Instruments and Exchange Act (Act No. 25 of 1948, as amended), as part of a series of transactions to make the Target Company a wholly owned subsidiary of 株式会社横浜銀行.　Number of shares planned to be purchased　　　　　　4,296,596 shares (4,193,096 common shares and 103,500 first series Class A preferred shares)　Tender offer period　　　　6 February 2023 (Monday) to 4 April 2023 (Tuesday) (40 business days)　Purchase consideration　　　　　　　¥8,231,180,736」