(Update on Disclosed Matter)
Notice Concerning Change in Specified Subsidiary

TOKYO, March 11, 2026 – Mitsubishi Heavy Industries, Ltd. (hereinafter referred to as "MHI") announced in our timely disclosure document dated September 29, 2021, titled "Notice Concerning Change in Specified Subsidiary," that MHI had decided to liquidate MHI Holding Denmark ApS (hereinafter referred to as "MHD"), a specified subsidiary of MHI, and that the liquidation was expected to be completed in the first half of fiscal year 2022, following the completion of necessary procedures in accordance with local laws and regulations.

Subsequently, MHI disclosed updates indicating that the liquidation was delayed due to the time required for necessary procedures under Danish local laws, and now announces that the liquidation of this specified subsidiary has been completed as detailed below.

  1. Overview of the Subsidiary
    (1) Name MHI Holding Denmark ApS
    (2) Location Copenhagen, Denmark
    (3) Job title and name of representative Kromann Reumert (Liquidation agent)
    (4) Description of business Renewable energy investment management services
    (5) Share capital 315.7 million EUR
    (6) Date of establishment August 26, 2013
    (7) Major shareholders and ownership ratios Mitsubishi Heavy Industries, Ltd. 100%
    (8) Relationship between MHI and said company Capital relationship A wholly owned subsidiary of MHI
    Personnel relationship Not applicable
    Transaction relationship MHI has borrowed funds from MHD.
  2. Transfer (Liquidation) Schedule
    Liquidation Completion Date March 10, 2026 (Local time)
  3. Future Outlook
    In connection with this liquidation, MHI expects to record extraordinary gains of approximately 25 billion yen in its non-consolidated financial statements for the fiscal year ending March 2026. This will have no impact on MHI's consolidated results.