Additional Acquisition of the Company's Shares in Accordance with Revision of Stock Compensation Plan

At a meeting of the Board of Directors held on May 14, 2024, Chubu Electric Power Co., Inc. (the "Company") resolved a partial revision (the "Revision") of the stock compensation plan (the "Plan") based on the Board Benefit Trust (BBT), and matters related thereto were approved at the 100th Ordinary General Meeting of Shareholders held on June 26, 2024. (In this regard, the trust established in accordance with the trust agreement entered into with Mizuho Trust & Banking Co., Ltd. with respect to the Plan shall be the "Trust".) As a result of the Revision, the Company and Chubu Electric Power Miraiz Co., Inc. revised the compensation limit for stock-based compensation in order to expand the number of persons eligible for the Plan and to increase the ratio of stock-based compensation in the total amount of compensation, etc. (details were announced on May 14, 2024).
Accordingly, we hereby announce that we have decided today on the details of the additional acquisition of our shares by the Trust, as follows.

Details

1. Reason for additional acquisition

In order for the Trust to acquire additional shares of the Company's stock that are expected to be necessary for future benefits in connection with the Revision.

2. Details of additional acquisition

(1) Additional trust date: November 13, 2024
(2) Additional trust amount: 1.4 billion yen (Note)
(3) Type of shares to be acquired: the Company's common stock
(4) Share acquisition period: From November 13 to November 26, 2024 (expected)
(5) Share acquisition method: Acquired from the stock exchange market

(Note) The Trust will purchase additional shares of the Company's stock using the total amount of the additional trust amount (1.4 billion yen) and money belonging to the trust assets (60 million yen) as the source of funds.