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INPEX to Acquire Shares in Japan Suiso Energy to Build International Liquefied Hydrogen Supply Chain

Tokyo, Japan - Kawasaki Heavy Industries, Ltd (Kawasaki), Iwatani Corporation (Iwatani) and INPEX CORPORATION (INPEX) announced today they have concluded a shareholder agreement for INPEX to acquire shares in Japan Suiso Energy, Ltd. (JSE), a joint venture between Kawasaki and Iwatani. In conjunction with INPEX’s acquisition of JSE shares, Kawasaki entered a stock transfer agreement with INPEX to transfer a portion of its holdings of JSE shares. As a result, the parties’ equity stakes in JSE are as follows: Kawasaki: 36.6%; Iwatani: 33.4%; INPEX: 30.0%.

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