ENEOS Holdings, Inc.  announces that the Transaction, as announced on our website in the press release “Notice Regarding the Partial Transfer of Maritime Transportation Business” on July 8, 2024, was completed today. An outline of the Transaction is as follows:

ENEOS Ocean Corporation (“ENEOS Ocean”), a consolidated subsidiary of ENEOS HD and the main operator of the maritime transportation business of ENEOS Group, completed the partial transfer of its business excluding the crude oil tanker business (the “Target Business”), which mainly consists of maritime transportation business using LPG carriers, chemical tankers, and cargo carriers, to NYK Energy Ocean Corporation (“NEO”), a newly established wholly owned subsidiary of ENEOS Ocean. This transfer was conducted through an absorption-type company split and a transfer of 80% of the shares of NEO to Nippon Yusen Kabushiki Kaisha (“NYK”) in accordance with the stock purchase agreement (the “Stock Purchase Agreement”) entered into between ENEOS Ocean and NYK.

ENEOS HD concluded that this information constitutes information useful for investment decisions because the impact of this Transaction on ENEOS HD’s results increased due to the revisions to ENEOS HD’s forecasted consolidated results for the Fiscal Year 2024 announced on March 28, 2025. Therefore, ENEOS HD voluntarily decided to disclose this announcement.