Annual Report 2013

The Cosmo Oil Group launchedits fi ve-year Medium-TermManagement Plan in April 2013.In order to secure a robust operatingplatform, the Group is committed toregaining profi tability in the refi ningand marketing sector whileenhancing and expanding its crudeoil development, petrochemical,renewable energy, and relatedbusiness portfolios.The Cosmo Oil Group is drivenby its mission to fulfi ll the diverseneeds of society by ensuring thestable supply of energy. With this asour guiding light, we will embark ona new journey to become a verticallyintegrated global energy companyfrom a long-term perspective.Disclaimer Regarding Forward-Looking StatementsThis annual report contains forward-looking statements regarding the Cosmo Oil Group’s future plans and strategies, as well as its results, estimates, and forecasts. These statements are not based on historical fact, but represent management’sassumptions and beliefs based on information currently available, and involve certain risks and uncertainties. Potential risks and uncertainties include, but are not limited to, intense competition, market demand, and various regulations relevantto the petroleum industry. Actual results and business performance may differ materially from these statements. Accordingly, investors are cautioned not to base investment decisions exclusively on forward-looking statements. Further, theforecasts included in this report are those that were announced on May 14, 2013. Note: In this report, “FY2012” indicates the period that began on April 1, 2012 and ended on March 31, 2013.President, Chief Executive Offi cerKEIZO MORIKAWA