Tokyo, June 24, 2022

To whom it may concern,

Company Name

Resona Holdings, Inc.

Repr esent ative

Director, President and Representative

Executive Officer Masahiro Minami

(Securities Code: 8308; Prime Market of the Tokyo Stock Exchange)

(Progress of Announced Matter)

Notice of Possible Uncollectibility or Delay in Collection of Claims Held

by Subsidiary Companies

Resona Holdings, Inc. (the "Company") hereby announces that Marelli Holdings Co., Ltd. (the "Customer"), which is a customer of Resona Bank, Ltd. and Saitama Resona Bank, Ltd., subsidiaries of the Company, and which submitted a draft plan for business turnaround under the turnaround alternative dispute resolution procedure on May 31, 2022, made a petition for the commencement of civil rehabilitation proceeding today, and claims to that company may become uncollectible or collection may be delayed.

The Company understands that the Customer plans to initiate necessary procedures for filing a motion for Simplified Rehabilitation.

1. Outline of the Customer

(1)

Name

Marelli Holdings Co., Ltd.

(2)

Location

2-1917Nisshin-cho,Kita-ku,Saitama-city, Saitama, Japan

(3)

Name of representatives

David John Slump, Representative Director

Hiroshi Moriya, Representative Director

(4)

Line of business

Manufacturing of automotive parts

(5) Amount of capital

17,154 million yen

(6)

Date of establishment

October 6, 2016

  1. Event that occurred with respect to the Customer and date of the occurrence of such event Petition for the commencement of civil rehabilitation proceeding on June 24, 2022.
  2. Type and amount of the claims to the Customer (as of June 24, 2022)
    Loan in the amount of 44,342 million yen (ratio to consolidated net assets: 1.8%).
  3. Effect of the event on the results of the Company
    There is no change to the target results for the fiscal year ending March 31, 2023 announced on May 12, 2022.

End

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Resona Holdings Inc. published this content on 24 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2022 12:05:12 UTC.