Note: 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. OBAYASHI CORPORATION assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

Notice of Resolutions of the 110th Ordinary General Meeting of Shareholders

June 27, 2014
Dear Shareholders,
We hereby inform you of the reports made and resolutions adopted at the 110th Ordinary General Meeting of Shareholders of OBAYASHI CORPORATION (hereinafter referred to as the "Corporation") held today.
Sincerely yours, Toru Shiraishi
President
OBAYASHI CORPORATION
2-15-2, Konan, Minato-ku, Tokyo

Details of the General Meeting of Shareholders Matters reported:

Business Report, Consolidated Financial Statements and Non-Consolidated Financial
Statements for the 110th Fiscal Year (from April 1, 2013 to March 31, 2014), as well as the audit reports of the Accounting Auditors and the Board of Corporate Auditors for Consolidated Financial Statements
The above particulars were reported.

Matters resolved: Proposal 1: Appropriation of Surplus

Proposal 1 was approved and adopted as proposed. It was decided to pay a year- end dividend for the 110th Fiscal Year of 4 yen per share.

Proposal 2: Election of Ten (10) Directors

The following Ten (10) Directors were elected and assumed their offices. Takeo Obayashi, Toru Shiraishi, Tadahiko Noguchi, Makoto Kanai, Shozo Harada, Makoto Kishida, Akihisa Miwa, Kenichi Shibata,
Nao Sugiyama, Shinichi Otake
Mr. Shinichi Otake is an Outside Director.

Proposal 3: Election of Three (3) Corporate Auditors

The following Three (3) Corporate Auditors were elected and assumed their offices.
Masaru Mizuno, Yasutaka Kakiuchi, Hiroshi Murao
Messrs. Yasutaka Kakiuchi and Hiroshi Murao are Outside Corporate Auditors.
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Additional information
1. Representative Directors and Directors with specific titles
At the meeting of the Board of Directors held on the same day, the following were appointed and assumed their offices.
Chairman
Representative Director Takeo Obayashi
Representative Director Toru Shiraishi Representative Director Tadahiko Noguchi Representative Director Makoto Kanai Representative Director Shozo Harada
2. Appointment of Standing Corporate Auditors
On the same day, Standing Corporate Auditors were appointed by selection from among
Corporate Auditors as follows:
Standing Corporate Auditor Hiroshi Tadokoro
Standing Corporate Auditor Masaru Mizuno (newly appointed) Corporate Auditor
(Outside Corporate Auditor) Yasutaka Kakiuchi
Corporate Auditor
(Outside Corporate Auditor) Tadatsuna Koda
Corporate Auditor
(Outside Corporate Auditor) Hiroshi Murao (newly appointed)
3. Payment of the year-end dividend
Please collect the payment of the year-end dividend for the 110th Fiscal Year with the enclosed
"Dividend Warrant" at a nearby Japan Post Bank branch or a post office.
For shareholders who have designated a bank account transfer, please find the enclosed
"Statement of Dividend" and "Dividend Transfer Notice."
This "Statement of Dividend" also serves as "Note of Payment" to be prepared in accordance with the provisions of the Act on Special Measures Concerning Taxation. After receiving your dividends, please use this document to confirm the amount of dividends received and for your income tax return. For shareholders who receive dividends through securities company accounts by the system of dividend allotment to securities company accounts in proportion to the number of shares held, please confirm the payment at your securities companies.

"Business Report for the 110th Fiscal Year" including business results for the 110th Fiscal Year etc. is posted on our website (http://www.obayashi.co.jp/).

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