Bridgestone Corporation (the 'Company') has announced that at the meeting of our Board of Directors held on March 26, 2024, it resolved to dispose of treasury stock as stock compensation.

Purpose and Grounds for the Disposition

We have introduced a performance share unit plan (the 'PSU Plan') in 2018 as a performancebased stock compensation plan to further promote the sharing of risks and benefits of stock price linkage with shareholders by having Executive Officers, Vice President and Senior Officers, and Senior management level Directors (Vice President and Officer prior to the abolishment of the Executive Officer System on January 1, 2021) further enhance their motivation and willingness to contribute to the achievement of medium-term performance targets and the enhancement of corporate value over the long term, and by directly issuing shares as compensation during their tenure. We also have introduced a restricted stock unit plan(the 'Executive Officers RSU Plan') for executive officers in 2022 to support the realization of sustainability and long-term business strategies and to further promote management execution from a shareholder perspective by providing shares directly as remuneration during their tenure. In addition, in 2023, We also have introduced a restricted stock unit (the 'Executive Grades RSU Plan') for executive grades in order to provide incentives for executive grades to increase their motivation and motivation to contribute to achieving performance targets and enhancing corporate value over the long term. Today, the Board of Directors of the Company resolved to pay a total of 242,250,000 yen in monetary compensation claims to 4 Executive Officers and 33 Vice President and Senior Officers, and Senior management level Directors (the 'PSU grantees') to be allocated as performancelinked stock compensation related to the PSU Plan, and to issue 38,000 shares of the Company's stock to the PSU grantees through the payment of all of such monetary compensation claims in kind by the PSU grantees, and a total of 105,825,000 yen in monetary compensation claims to 4 Executive Officers (the ' Executive Officers RSU grantees') and 3 Executive Grades (the ' Executive Grades RSU grantees') to be allocated as restricted stock compensation related to the RSU Plan, and to issue 16,600 shares of the Company's stock to the RSU grantees through the payment of all of such monetary compensation claims in kind by the RSU grantees.

About Bridgestone Corporation

Bridgestone is a global leader in tires and rubber building on its expertise to provide solutions for safe and sustainable mobility. Headquartered in Tokyo, the company employs approximately 130,000 people globally and conducts business in more than 150 countries and territories worldwide. Bridgestone offers a diverse product portfolio of premium tires and advanced solutions backed by innovative technologies, improving the way people around the world move, live, work and play.

Contact:

Tel: +81 3-6836-3100

Fax: +81 3-6836-3168

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