Notice Concerning Transfer of Subsidiary Shares (Conversion of Subsidiary into Sub-subsidiary)

INPEX CORPORATION (INPEX) announced that it has transferred all shares of its subsidiary INPEX Oil & Gas Australia Pty Ltd to INPEX Australia Mirai Energies Pty Ltd, another INPEX subsidiary. As this matter falls under the criteria for submitting an extraordinary report pursuant to Article 24-5, Paragraph 4 of the Financial Instruments and Exchange Act and Article 19, Paragraph 2, Item 12 of the Cabinet Office Order on the Disclosure of Corporate Affairs, we hereby provide the following details.
1. Date of transfer of shares December 13, 2024

2. Recording of gain on sale of shares of subsidiaries and affiliated companies (nonconsolidated financial statements)

As a result of the transfer of shares, a 61,767 million yen gain on sale of shares of subsidiaries and affiliated companies will be recorded as non-operating income in the nonconsolidated financial statements for the fiscal year ending December 31, 2024.

This transfer of shares has been incorporated into the consolidated earnings forecast for the fiscal year ending December 31, 2024, announced on November 12, 2024.