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Notice on Exercise of a Put Option by Class A Shareholders, Decision on the Non-activation of a Call Option on Class A Stock by the Company, Delivery of the Company’s Common Stock to Class A Shareholders, and Cancellation of Class A Stock after Acquisition

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Mitsubishi Logisnext Co., Ltd. (the "Company") hereby announces as follows that, in relation to the receipt of a notice to the effect that Mitsubishi Heavy Industries Forklift, Engine & Turbocharger Holdings, Ltd. ("M-FET"), which is a holder of class A stock shares issued by the Company, a subsidiary of Mitsubishi Heavy Industries, Ltd. ("Mitsubishi Heavy Industries"), and the Company's parent company, is desirous of exercising a put option on all class A stock shares that M-FET holds in consideration of common stock of the Company, the Company resolved at the Board of Directors meeting held on June 6, 2019 that it will not activate the call option in consideration of cash on class A stock but deliver the Company' s common stock shares, and to cancel all of the class A stock shares to be held by the Company after conversion in accordance with the provisions of Article 178 of the Companies Act.