(Update on Disclosed Matter)
Notice Regarding the Conclusion of an Absorption-type Split Agreement for the Succession of Business to a Subsidiary via Company Split (Simplified Absorption-type Split) and a Share Transfer Agreement for Shares in the Said Subsidiary

TOKYO, February 10, 2026 – Mitsubishi Heavy Industries, Ltd. (hereinafter referred to as “MHI”) announced today that, with respect to the transaction (this absorption-type company split hereinafter referred to as the “Company Split”, this transfer of the shares hereinafter referred to as the “Share Transfer”, and the Company Split and Share Transfer collectively referred to as this “Transaction”) previously disclosed in the press release dated November 7, 2025, titled “Notice Regarding the Conclusion of a Basic Agreement Concerning the Transfer of Business to a Subsidiary via Company Split (Simplified Absorption-type Split) and the Transfer of Shares in Said Subsidiary,” MHI has entered into a legally binding agreement concerning the Share Transfer and an agreement concerning the Company Split today. Under this Transaction, MHI will transfer the business and other operations related to domestic onshore wind power generation facilities operated by MHI (Including engineering and after-sales services. However, certain continuing businesses, including a joint venture business with Vestas Wind A/S of Denmark, are excluded.) (hereinafter referred to as the “Target Business”) to MWIND Co., Ltd., a preparatory company newly established by MHI as a wholly-owned subsidiary (hereinafter referred to as the “Newly Established Company”), and thereafter transfer all of the shares MHI holds in the Newly Established Company to Electric Power Development Co.,Ltd. (Securities Code: 9513).
Please note that certain disclosure items and details have been omitted since the Company Split is a simplified absorption-type split whereby the Target Business is transferred to a wholly-owned subsidiary of MHI.