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13 December 2023

Notice concerning Stock Split and Related Amendment to the Articles of Incorporation

SUZUKI MOTOR CORPORATION (the "Company") hereby announces that, meeting of the board of directors of the Company held today, resolved the stock split of its stock and partial amendment to the Articles of Incorporation due to the stock split.

1. Stock split

(1) Purpose of the Stock Split

The purpose is to lower the minimum investment amount through the stock split, thereby creating an environment where it is easier to invest in the Company’s shares and expanding the Company’s investor base.

(2) Outline of the Stock Split

① Stock Split Method

The record date for the stock split will be Sunday, March 31, 2024. Since this day falls on a non-business day of the shareholder registry administrator, the substantial record date will be Friday, March 29, 2024. Each share of the Company’s common stock held by shareholders as of the record date will be split into 4 shares.

② Increase in Number of Shares as a Result of the Stock Split

Total number of issued shares before the stock split 491,146,600 shares
Increase in number of shares due to the stock split 1,473,439,800 shares
Total number of issued shares after the stock split 1,964,586,400 shares
Total number of issuable shares after the stock split 6,000,000,000 shares

③ Stock Split Schedule

Public notice of record date (scheduled) Friday, March 15, 2024
Record date Sunday, March 31, 2024
Effective date Monday, April 1, 2024

2. Partial Amendment to Articles of Incorporation

(1) Reason for Amendment

Due to the stock split described above, the Company will partially amend its Articles of Incorporation, effective as of Monday, April 1, 2024, pursuant to Article 184, Paragraph 2 of the Companies Act.

(2) Details of Amendment to Articles of Incorporation

The details of the amendment are as follows: (Underlined part indicates amendment)

Current Articles of Incorporation After Amendment
(Total Number of Issuable Shares)
Article 6.
The total number of the Company’s issuable shares shall be 1,500,000,000 shares.
(Total Number of Issuable Shares)
Article 6.
The total number of the Company’s issuable shares shall be 6,000,000,000 shares.

(3) Schedule of Amendments to the Articles of Incorporation

Date of resolution of Board of Directors Wednesday, December 13, 2023
Effective Date Monday, April 1, 2024

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