Kobe Steel, Ltd. announced that, at its Board of Directors meeting held March 6, 2023, it has decided to make the following changes in representative directors. Reason for the changes: Changes in representation rights associated with executive appointments. Planned date and details of the changes: As of April 1, 2023: Fusaki Koshiishi: Current position (as of March 6, 2023): Executive Vice President and Representative Director; New position: Director.

Koichiro Shibata: Executive Vice President and Representative Director; Director. Yoshihiko Katsukawa; Director, Executive Officer; Executive Vice President and Representative Director. Hajime Nagara: Director, Executive Officer; Executive Vice President and Representative Director.

Career summary of new representative directors: Yoshihiko Katsukawa; Date of birth: March 12, 1962 April 1985: Joined the Company; April 2015; Officer; April 2017: Managing Executive Officer; April 2018: Senior Managing Executive Officer; June 2018: Director, Senior Managing Executive Officer; April 2021: Director, Executive Officer (incumbent). Hajime Nagara: July 5, 1961; April 1985; Joined the Company; April 2016: Executive Officer; April 2018; Managing Executive Officer; April 2020; Senior Managing Executive Officer; June 2020: Director, Senior Managing Executive Officer; April 2021: Director, Executive Officer (incumbent).