Shizuoka Bank : Notice of Convocation of the 111th Annual General Meeting of Shareholders

These documents are partial translations of the Japanese originals for reference purposes only.

In the event of any discrepancy between these translated documents and the Japanese originals, the originals shall prevail. The Bank assumes no responsibility for these translations or for direct, indirect or any other forms of damages arising from the translations.

(Securities Code: 8355)

May 29, 2017

Katsunori Nakanishi President & Chief Executive Officer

The Shizuoka Bank, Ltd.

10, Gofukucho 1-chome, Aoi-ku, Shizuoka City, Shizuoka, Japan

You are cordially invited to attend the 111th Annual General Meeting of Shareholders of the Shizuoka Bank, Ltd. (the "Bank"). The meeting will be held as described below.

If you are unable to attend the meeting, you can exercise your voting rights in writing by submitting the Voting Rights Exercise Form, or via the Internet, etc. Please review the Reference Documents for the General Meeting of Shareholders (described hereinafter) and exercise your voting rights by referring to the Guide for Exercise of Voting Rights (pages 3-4).

1. Date and Time: Friday, June 16, 2017 at 10:00 a.m. Japan standard time

   (Reception desk opens at 9:00 a.m.)

2. Place: Large Hall, 2F, Shizuoka Bank Training Center,

   2-1, Kusanagi-Kita, Shimizu-ku, Shizuoka City, Shizuoka, Japan

3. Meeting Agenda: Matters to be reported: 1. The Business Report and Non-consolidated Financial Statements for the Bank's 111th Fiscal Year (from April 1, 2016 to March 31, 2017)

   2. Consolidated Financial Statements for the Bank's 111th Fiscal Year (from April 1, 2016 to March 31, 2017) and the results of audits of the Consolidated Financial Statements by the Accounting Auditor and the Audit

   & Supervisory Board

   Proposals to be resolved: Proposal No. 1: Appropriation of Surplus Proposal No. 2: Election of Ten (10) Directors Matters disclosed on the Internet

   • Of the documents required to be appended to this Notice of Convocation as attachments, items 1) to 3) below have been posted on the Bank's website according to laws and regulations and Article 16 of the Articles of Incorporation of the Bank, and are therefore not included in the attached documents.

   • "Matters concerning Subscription Rights to Shares," "Matters concerning Specified Wholly Owned Subsidiaries," "Matters concerning Transactions with the Parent etc.," "Matters concerning the Accounting Advisor," and "Other" as part of the Business Report
   • "Non-consolidated Statement of Changes in Net Assets" and the "Notes to the Non-consolidated Financial Statements" as part of Non-consolidated Financial Statements
   • "Consolidated Statement of Changes in Net Assets" and the "Notes to the Consolidated Financial Statements" as part of Consolidated Financial Statements

   The business report, the non-consolidated financial statements, and the consolidated financial statements audited by the Audit & Supervisory Board include not only the Business Report, the Non-consolidated Financial Statements, and the Consolidated Financial Statement provided as attached documents of this Notice of Convocation but also the above 1) to 3).

   The non-consolidated financial statements and the consolidated financial statements audited by the Accounting Auditor include not only the Non-consolidated Financial Statements and the Consolidated Financial Statement provided as attached documents of this Notice of Convocation but also the above 2) and 3).

   • Any updates to the Reference Documents, the Business Report, the Non-consolidated Financial Statements, and the Consolidated Financial Statements for the General Meeting of Shareholders will be posted on the Bank's website.

     Bank's website: http://www.shizuokabank.co.jp/

     Guide for Convocation

   • When attending the meeting, please submit the enclosed Voting Rights Exercise Form at the reception desk on the day of the meeting for confirmation.

     You are also kindly requested to bring this Notice of Convocation, to save resources.

   • If you are unable to attend the General Meeting of Shareholders, you may exercise your voting rights by proxy by having another shareholder who holds voting rights attend the General Meeting of Shareholders on your behalf, provided that his or her Voting Rights Exercise Form and a document certifying him or her as your proxy are submitted.

   • If you intend to engage in split voting, please submit a written notice indicating the reasons for the split voting at least three days prior to the General Meeting of Shareholders.

     Guide for Exercise of Voting Rights

     Please exercise your voting rights by one of the following methods.

     If you are able to attend the meeting

     Please submit the enclosed Voting Rights Exercise Form at the reception desk.

     Date and time: Friday, June 16, 2017 at 10:00 a.m. Japan standard time If you are unable to attend the meeting Voting Rights Exercise Form

     Please indicate your vote for or against the proposals on the enclosed Voting Rights Exercise Form and return it to us by the deadline.

     Deadline: Thursday, June 15, 2017 Japan standard time (time of receipt)

     *If there is no indication of your vote for or against each proposal, the Bank will deem that you have voted in favor of the proposals.

     How to mark on the Voting Rights Exercise Form

     Please indicate your vote for or against each of the proposals here. Proposal 1

     If "for," please circle "For."

     If "against," please circle "Against." Proposal 2

     If "for" for all candidates, please circle "For."

     If "against" for all candidates, please circle "Against."

     * If you wish to vote against certain candidates, please circle "For," thereby initially voting for all candidates, and then indicate the candidate(s) whom you are voting against by stating the Candidate No. assigned to the candidate(s) in the Reference Documents for the General Meeting of Shareholders.

     Internet

     Please access the Bank's designated website for the exercise of voting rights (http://www.e-sokai.jp), follow the on-screen instructions, and exercise your voting rights.

     Deadline: Thursday, June 15, 2017 by 5:00 p.m. Japan standard time

     *Please note that your votes via the Internet will be cancelled if you attend the meeting. For details, please refer to the following page.

     Guide for Exercise of Voting Rights via the Internet

     Step 1

     Access the website for the exercise of voting rights. http://www.e-sokai.jp

     * If you have a mobile phone with barcode-reading functions, you can access the exclusive website for the exercise of voting rights by scanning the "QR Code®" shown at the right.

     For instructions, please see the owner's manual or operating instructions for your mobile phone. ("QR Code" is a registered trademark of DENSO WAVE INCORPORATED.)

     Step 2

     Read "Guide for Exercise of Voting Rights via the Internet" and click "Proceed."

     Step 3

     Enter the "proxy code" noted on the enclosed Voting Rights Exercise Form and click "Log in."

     Step 4

     Enter the "password" noted on the enclosed Voting Rights Exercise Form and click "Proceed."

     Step 5

     Follow the instructions on screen and indicate your vote for or against each proposal.

     [Notes]

     • All the cost for using the website for the exercise of voting rights, including the provider fee and communication charges, shall be borne by shareholders.

     • If you exercise your voting rights both via the Internet and in writing on the Voting Rights Exercise Form, only the vote via the Internet will be deemed as valid regardless of the date and time of receipt of the Voting Rights Exercise Form.

     • If you exercise your voting rights via the Internet etc. more than once, only your last vote will be deemed as valid.

   Platform for the Electronic Exercise of Voting Rights

   Management trust banks and other nominee shareholders (including standing proxies) are able to use the Electronic Voting Platform for Institutional Investors managed by ICJ Inc. when applied in advance for use of the Platform.

   《Inquiries regarding the Exercise of Voting Rights via the Internet》

   If you have any inquiries about the exercise of voting rights via the Internet, please call the following number.

   Transfer Agent: JAPAN SECURITIES AGENTS, LTD. Agency Department Web Support [Direct Line (Toll free)] 0120-707-743 Open from 9:00 a.m. to 9:00 p.m. on business days (including Saturdays, Sundays, and national holidays).