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Press Release

Joint partner of Yokkaichi Kasumi Power Co., Ltd.

March 15, 2016
Cosmo Energy Holdings Co., Ltd.

Cosmo Energy Group hereby announces a summary of joint partner relating to the "Notice of establishment of the new company" released on February 9, 2016, responding that a contract associated with joint business has been concluded today.

1. Yokkaichi Kasumi Power Co., Ltd.

The Group established Yokkaichi Kasumi Power Co., Ltd. (hereinafter, YKP) under partnership with Development Bank of Japan Inc. (hereinafter, DBJ).

The new company is scheduled to carry out modification activities, which enable to generate electricity by mean of conventional residual oil as well as petroleum coke, and then YKP operates Yokkaichi Kasumi Power Plant after succeeding the Power Plant owned by the Group.

It should be noted that we aim to create the competitiveness through providing know-how that the Group has acquired in IPP business and supplying residual oil and petroleum coke produced by the Group. Also, DBJ is expected to utilize expertise accumulated through the finance in power generation business and that support to undertake project finance.

2. Summary of the joint partner

(1) Name Development Bank of Japan Inc.
(2) Head Office Otemachi Financial City South Tower, 9-6, Otemachi 1-chome, Chiyoda-ku, Tokyo, 100-8178, Japan
(3) President Masanori Yanagi
(4) Main Business The provision of long-term funding (investment and loans)
(5) Capital ¥1,000,424 million (All capital is funded by the Government of Japan)
(6) Established October 1, 2008
(7) New assets ¥2,719.4 billion (As of March, 2015)
(8) Total assets ¥16,283.3 billion (As of March, 2015)

3. Equity ratio to the new company

Cosmo Energy Holdings Co., Ltd.
61%
Development Bank of Japan Inc.
39%
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