Mitsui & Co Ltd

**Management Oversight Function of the Board of Directors (Slide 12)**

These next two pages are on corporate governance.

The Board of Directors strives for appropriate oversight of management including sustainability. The Board of Directors held 13 meetings in FY March 2024, in which a wide range of discussions on sustainability-related issues were held.

In addition, there are free discussions held several times a year by the members of the Board of Directors. Topics included climate change issues in the current and previous fiscal years, and how to manage our portfolio in the context of climate change responses.

I will also explain about remuneration of Directors as an incentive design. Certain conditions of our performance-linked stock-based remuneration include ESG elements. Among the environmental elements are qualitative assessments, such as the progress of climate-change opportunity businesses and the status of asset recycling, as well as the degree of achievement of targets, such as GHG Impact and GHG emissions, which are quantitative outcomes. It also considers the degree of ESG ratings improvement and enhancement of Company's disclosures.

**Status of Sustainability Management Promotion (Slide 13)**

We have the Sustainability Committee as a subcommittee to the Executive Committee. Three directors participate in this committee that discusses different agenda. This system plays a significant role in deepening discussions on sustainability agenda at the Board of Directors meetings.

In addition, we position \"environment and society\" as a component of the skill matrix, and many of our directors possess expertise and knowledge in this area. I am pushing forward our sustainability management while receiving appropriate advice from a high level perspective.

The Sustainability Committee works under the Corporate Management Committee to plan, formulate and provide proposals on basic management policies, business activities, and corporate policies and strategies related to environmental management. The Sustainability Committee is structured so that its activities are appropriately supervised by the Board of Directors, and matters discussed by the Sustainability Committee are regularly discussed and reported to the Corporate Management Committee and the Board of Directors. [...] Officer in Charge Makoto Sato (Representative Director, Senior Executive Managing Officer, Chief Strategy Officer (CSO), Chairperson of the Sustainability Committee) Administrative Office Corporate Sustainability Div., Corporate Planning & Strategy Div.

##### Governance

###### Governance System for Climate Change Response

We have positioned addressing climate change as a key management

issue. Basic management policy, business activities, and corporate

policies and strategies that concern climate change are planned

developed, and advised on by the Sustainability Committee, an

organization under the Corporate Management Committee.

The Sustainability Committee is structured so that its activities are

appropriately supervised by the Board of Directors, and matters

discussed by the Sustainability Committee are regularly discussed

and reported to the Corporate Management Committee and the

Board of Directors.

###### Sustainability Committee

|Officer in Charge|Makoto Sato (Representative Director, Executive Managing Officer, Chief Strategy Officer (CSO), Chairperson of the Sustainability Committee)|
|---|---|
|Administrative Office|Corporate Sustainability Div., Corporate Planning & Strategy Div.|

[...] In conducting business, we have put in place a system to ensure that utmost consideration is given to the

environment and society in projects at all stages, including at the launch of a new business, during operations,

and even at the time of withdrawal from the business. Our Sustainability Committee discusses response

policies and measures regarding environmental and social risks (including climate-change risk), then reports

to the Corporate Management Committee and the Board of Directors, which then applies them following

approval.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes