Nippon Sheet Glass : Regarding Significant Subsequent Events

28 June 2023

Dear Shareholders,

Munehiro Hosonuma

Representative Executive Officer, President and CEO

Nippon Sheet Glass Co., Ltd.

Regarding Significant Subsequent Events

We would like to inform you that we made a timely disclosure to the Tokyo Stock Exchange and issued the news release on 28 June 2023 regarding significant subsequent events that were posted in the "Business Report" of the "Notice of Convening the 157th Ordinary General Meeting of Shareholders".

28 June 2023 News Release (Reprinted on the next page)

・Disposal of Joint Venture in Russia and Recognition of Net Gain Relating to Equity Method Investments

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Disposal of Joint Venture in Russia and

Recognition of Net Gain Relating to Equity Method Investments

The NSG Group announces that the Group's Joint Venture, SP Glass Holdings B.V., a company registered in the Netherlands but owning operating subsidiaries in Russia, has completed the disposal of those subsidiaries, following the TSE disclosure on 12 May 2023. The Group expects to recognize a profit as a consequence of this transaction, as set out below.

1. Disposal of Joint Venture in Russia

1. The reason for the disposal
   The Group has been reviewing and improving our business portfolio in line with "Transformation into more profitable business portfolio" under the Revival Plan 24 (RP24).
2. The companies which were disposed

1. Summary of disposal
2. 1. All of the shares held by SP Glass Holdings B.V. disposed
   2. The Group realizes a full exit from Russia after the disposal

1. Impact on the Group's results
   The Group expects to recognize a net gain of approximately JPY 5 billion including the reversal of impairment of investments in Joint Ventures and Associates in the consolidated financial results of the first quarter for the year ending March 2024. Details will be disclosed as soon after they are confirmed.

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