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Penta-Ocean Construction Co., Ltd.

Notice Regarding Completion of Acquisition of Company Shares by Board Benefit Trust (BBT)

Tokyo, Japan – Aug. 28, 2023 – Penta-Ocean Construction Co., Ltd. (the Company) hereby announces that it made an additional contribution to the performance-based stock compensation program “BBT (=Board Benefit Trust)”and the acquisition of the Company shares has been completed, as resolved at the Board of Directors meeting and announced on August 2, 2023.

1. Summary of additional contributions
 ·Additional contribution date:  August 17, 2023
 ·Additional contribution amount:  JPY 330,000,000-
 ·Types and methods of shares acquired:  Common stock of the Company, from the stock market
 ·Acquisition period:  August 17, 2023
 ·Number of shares acquired:  365,000 shares

2. Reference
 ·Number of shares held by BBT Trust Account: 945,400 (as of August 28, 2023)

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