Japan Industrial Partners Commencement of Tender Offer for Shares of Toshiba

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Japan Industrial Partners, Inc. (JIP) announced its plan to launch a Tender Offer for all the common shares of Toshiba Corporation (excluding treasury shares owned by Toshiba and shares held by TBJH) as part of a series of transactions aimed at privatizing the shares of Toshiba Corporation (Toshiba).

TBJH, Inc., in which JIP indirectly holds complete equity interests, constitutes an integral part of Toshiba Group—an essential business conglomerate actively involved in ventures that underpin Japan's critical societal and industrial infrastructure. This group boasts a robust customer base and considerable prowess in technological advancement.

The envisioned Transaction seeks to establish a steadfast management structure for Toshiba while swiftly enacting a fresh growth strategy. This entails refining each business facet to better cater to Toshiba's clientele, fostering new technological advancements for growth, and enhancing the overall work environment for Toshiba's executives and staff. In light of this direction, TBJH, serving as the Offeror, cordially requests the understanding of all shareholders regarding this Transaction and encourages participation in the forthcoming Tender Offer when it is officially initiated.

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