Inpex : Notice of Resolutions of the 10th Ordinary General Meeting of Shareholders (PDF 152KB)

34ceba3c-cb91-4eb3-9b62-8a6436ea34ac.pdf

This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the Japanese original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

Securities Code 1605

June 28, 2016

To All Shareholders

Toshiaki Kitamura

Representative Director, President & CEO INPEX CORPORATION

5-3-1 Akasaka, Minato-ku, Tokyo

NOTICE OF RESOLUTIONS OF THE 10th ORDINARY GENERAL MEETING OF SHAREHOLDERS

Dear Shareholders,

th

We are pleased to announce that the matters outlined below were reported and resolved at the 10

Ordinary

General Meeting of Shareholders of INPEX CORPORATION (hereinafter the "Company") held on June 28, 2016.

Matters reported: 1. Business Report, Consolidated Financial Statements for the 10th Fiscal Year (from April 1, 2015 to March 31, 2016) and results of audits by the Accounting Auditor and the Audit & Supervisory Board of the Consolidated Financial Statements

The aforementioned matters were reported.

2. Non-Consolidated Financial Statements for the 10th Fiscal Year (from April 1, 2015 to March 31, 2016)

The aforementioned matters were reported.

Proposals resolved: Proposal No. 1: Appropriation of Surplus

The proposal was approved and adopted as proposed. The year-end dividend per common share and the year-end dividend per Class A Stock were decided to be ¥9 and ¥3,600, respectively.

As a result, the annual dividend amounted to ¥18 per common share and ¥7,200 per Class A Stock, including the interim dividend.

Note: Although the Company conducted a stock split at a ratio of 1:400 of its common stock on October 1, 2013, a stock split was not implemented for the Class A Stock of the Company. Accordingly, the amount of the dividend of the Class A Stock was determined by multiplying the dividend of the common shares of the Company by 400, resulting in an amount equivalent to the dividend of the common shares prior to the stock split, as specified in the Company's Articles of Incorporation.

Proposal No. 2: Election of Fourteen Directors

The proposal was approved and adopted as proposed. Ten Directors, namely, Toshiaki Kitamura, Masaharu Sano, Shunichiro Sugaya, Masahiro Murayama, Seiya Ito, Takahiko Ikeda, Yoshikazu Kurasawa, Hiroshi Sato, Yoshiyuki Kagawa and Yasuhiko Okada, were reelected; and four Directors, namely, Kimihisa Kittaka, Nobuharu Sase, Jun Yanai, and Isao Matsushita, were newly elected.

Five Directors, namely, Hiroshi Sato, Yoshiyuki Kagawa, Jun Yanai, Isao Matsushita and Yasuhiko Okada, are Outside Directors as stipulated in Article 2, Paragraph 15 of the Companies Act.

As this proposal was deemed to have not met the requirements for resolution at the General Meeting of Class A Shareholders under the provision of Article 15, Paragraph 1 of the Articles of Incorporation of the Company, the proposal was not subject to resolution at the General Meeting of Class A Shareholders. Pursuant to Article 32, Paragraph 4 of the Articles of Incorporation, Class A Shareholders may raise an objection to the effect that the General Meeting of Class A Shareholders be convened within two weeks of the date of resolution of this Ordinary General Meeting of Shareholders. However, the Company had been notified by Class A Shareholders in advance that no objection would be raised with respect to this proposal, on the condition that the Company's proposals stated in the Notice of the 10th Ordinary General Meeting of Shareholders are approved as proposed and that no proposals other than said proposals are approved. Given that such condition had been met as notified herein, the elected persons thereby assumed their respective offices at the conclusion of this Ordinary General Meeting of Shareholders.

Proposal No. 3: Payment of Bonuses to Directors

The proposal to pay a total of ¥55,700,000 to the ten incumbent Directors, excluding Outside Directors, as of March 31, 2016 as bonuses was approved and adopted as proposed.

At a Board of Directors meeting held after the conclusion of the Ordinary General Meeting of Shareholders, the Representative Director was elected and assumed his office.

Consequently, the Representative Director as of June 28, 2016 is as follows.

Representative Director, President & CEO Toshiaki Kitamura

～～～～～～～～～～～～～～～～～～～～～～～～～～～～～～～～～～～～～～～～～～～～～～～

Payment of Year-end Dividend

1. If you specified direct deposit: Please confirm the enclosed "Dividend Calculation Sheet" and "Reference to the Beneficiary Account for Dividend Transfer." If you specified the method of allocation in proportion to the number of shares held, please confirm the enclosed "Dividend Calculation Sheet" and "How to Receive Dividend."
2. If you did NOT specify direct deposit: Please receive your dividend at your nearby branch of Japan Post Bank Co., Ltd. or post office within the payment period (from June 29, 2016 to July 29, 2016) in accordance with the enclosed "Receipt of the Dividend." Within the aforementioned payment period, you may have the dividend paid into your savings account or transfer account at Japan Post Bank or your deposit account at a bank, etc. based on the "Receipt of the Dividend" (you must perform the procedures in person at the teller window of the financial institution with which you have an account).