Announcement of Personnel Changes for Directors of Nagoya Grampus Eight Inc.

Regarding the subject matter, the following personnel changes were decided at the Ordinary General Meeting of Shareholders and the subsequent Board of Directors meeting.

Retiring - Sumito Sakurai - Naoki Ando

Newly Appointed - Takao Yagi - Yasuhito Yokoi

This General Meeting of Shareholders coincides with the expiration of the terms of our directors, resulting in the changes as listed above.

Nagoya Grampus Eight Inc. Directors and Auditors

[Reappointed] Chairman of the Board: Moritaka Yoshida [Reappointed] Representative Director and President: Katsuhiro Shimizu [Reappointed] Director: Mitsuhiro Ogyu [Newly Appointed] Director: Takao Yagi [Newly Appointed] Director: Yasuhito Yokoi [Reappointed] Auditor: Masahiro Yamamoto

In addition, Senior Executive Advisor Koki Konishi will retire on April 30 (Thursday) and leave the club.