Notice on Changes of Directors and Executive Officers

Notice on changes of Directors and Executive Officers

Tokyo, March 1, 2018－Maxell Holdings, Ltd. (TSE: 6810) announced today that the Board of Directors held on February 27, 2018 resolved the following new director candidates. This is conditioned upon approval at the Company’s 72nd Ordinary General Meeting of Shareholders scheduled in late June 2018. Also, the Company announced today about the new executive officers of the Company, and director candidates and auditors of the specified subsidiary of the Company, Maxell, Ltd. effective on April 1, 2018.

1. Maxell Holdings, Ltd. (1) Candidates for Directors (Excluding Directors Who Serve as Audit and Supervisory Committee Members) Name New Position Current Position Yoshihiro Senzai Chairman and Chairman and Representative Director Representative Director Yoshiharu Katsuta President and President and Representative Director Representative Director Meiro Iwasaki Director Director Keiji Nakamura (New) Director Executive Officer, Maxell, Ltd. Tatsuhiko Izumi (New) Outside Director - Director planned to be retired: Kenichi Yoshitake

(2) Candidates for Directors Who Serve as Audit and Supervisory Committee Members Name New Position Current Position Katsunori Ikegami Director, Director, Audit and Supervisory Audit and Supervisory Committee Members Committee Members Wataru Kitao Outside Director, Outside Director, Audit and Supervisory Audit and Supervisory Committee Members Committee Members Shinobu Watanabe (New) Outside Director, - Audit and Supervisory Committee Members Director planned to be retired: Kouji Kihira

(3) New executive Officers Name Duties in charge Kazuhiro Kaizaki Executive Officer, Special Assignments Osamu Onodera Executive Officer, Procurement & SCM, Asset Business and Export Control Hiroyuki Suzuki (New) Executive Officer, Risk Management and Special Assignments Seiji Sumoto (New) Executive Officer, Sales Supervisory Executive Officer planned to be retired: Koji Norimatsu (Koji Norimatsu is planned to be assigned as Director of Maxell, Ltd. effective April 1, 2018) Term of office of Executive Officers: from April 1, 2018 to March 31, 2019

2. Maxell, Ltd. (1) Candidates for Directors Name New Position Current Position Keiji Nakamura (New) President and Executive Officer Representative Director Osamu Onodera (New) Director Executive Officer Kenichi Sano (New) Director General Manager, New Business Development Business Unit, Energy Division Tomohiro Suzuki (New) Director Senior Manager Hiroyuki Suzuki (New) Director Corporate Officer Seiji Sumoto (New) Director Executive Officer Masaharu Deguchi (New) Director Executive Officer Koji Norimatsu (New) Director Executive Officer Directors planned to be retired: Yoshihiro Senzai, Yoshiharu Katsuta, Meiro Iwasaki, Kenichi Yoshitake, Kazuhiro Kaizaki

(2) Auditors Katsunori Ikegami, Wataru Kitao, Kouji Kihira Kouji Kihira is planned to be retired after the Ordinary General Meeting of Shareholders of Maxell, Ltd. scheduled in late June 2018, and Shinobu Watanabe is planned to assume the office of auditor.

[Reference] Biography of new Director candidates

Keiji Nakamura Date of Birth August 20, 1966 Apr. 1990 Joined the Company Apr. 2008 Deputy General Manager, Primary Battery Division Oct. 2009 Deputy General Manager, Micro Battery Division Oct. 2011 General Manager, Micro Battery Division Business Jan. 2013 Deputy General Manager, Energy Division Experience Jul. 2014 Executive Officer, Deputy General Manager, Energy Division Apr. 2016 Executive Officer, General Manager, Energy Division Oct. 2017 Executive Officer, General Manager, Energy Division, Maxell, Ltd.

Tatsuhiko Izumi Date of Birth April 14, 1952 Apr. 1976 Joined Clarion Co., Ltd. Jun. 1997 Deputy General Manager, PD Business Division, Clarion Co., Ltd. Apr. 1998 General Manager, PD Business Division, Clarion Co., Ltd. Jun. 1999 Director, Clarion Co., Ltd. May 2001 President and Representative Director, Clarion Co., Ltd. Jul. 2009 President and Representative Director, Clarion Co., Ltd. Business Director, Hitachi Automotive Systems, Ltd. Experience Apr. 2014 Chairman and Representative Director & CEO Director, Hitachi Automotive Systems, Ltd. Jun. 2016 Chairman & CEO & Director, Clarion Co., Ltd. Director, Hitachi Automotive Systems, Ltd. Jun. 2017 Corporate Advisor, Clarion Co., Ltd. Director, Hitachi Automotive Systems, Ltd.

Shinobu Watanabe Date of Birth July 18, 1954 Apr. 1977 Joined Ube Industries, Ltd. Jun. 1999 Chairman & President, Ube Corporation Europe, S.A. Jun. 2003 Executive Officer, Ube Industries, Ltd. Jun. 2005 Company Vice President of Chemicals & Plastics Company, General Manager of Europe Operational Unit, Ube Industries, Ltd. Jun. 2006 President and Representative Director, UMG ABS, Ltd. Jun. 2009 Managing Executive Officer, Ube Industries, Ltd. Business Apr. 2010 Company President of Specialty Chemicals & Products Company, Experience Ube Industries, Ltd. Feb. 2011 Company President of Specialty Chemicals & Products Company, Ube Industries, Ltd. Director, Ube Maxell Co., Ltd. Apr. 2013 Company President of Chemicals & Plastics Company, Ube Industries, Ltd. Jun. 2015 President and Representative Director, Ube Exsymo Co., Ltd. Apr. 2017 Advisor, Ube Exsymo Co., Ltd.

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