(Update on Disclosed Matter)Notification of the Status of Progress in the Tender Offer for Shares of Mitsubishi Logisnext Co., Ltd. by LVJ Holdings 2 LLC

Tokyo, December 25, 2025 – As announced in the press release dated September 30, 2025, "Notice Regarding the Execution of a Contract to take the Company’s Consolidated Subsidiary Mitsubishi Logisnext Co., Ltd. Private and the (Planned) Transfer of a Consolidated Subsidiary", Mitsubishi Heavy Industries, Ltd. (the “Company”) has resolved to enter into a basic transaction agreement with LVJ Holdings 2 LLC (the “Tender Offeror”) concerning a series of transactions, including a tender offer for the common stock and the stock acquisition rights of Mitsubishi Logisnext Co., Ltd. by the Tender Offeror (the “Tender Offer”).

(Update on Disclosed Matter)Notification of the Status of Progress in the Tender Offer for Shares of Mitsubishi Logisnext Co., Ltd. by LVJ Holdings 2 LLC
Tokyo, December 25, 2025 – As announced in the press release dated September 30, 2025, "Notice Regarding the Execution of a Contract to take the Company’s Consolidated Subsidiary Mitsubishi Logisnext Co., Ltd. Private and the (Planned) Transfer of a Consolidated Subsidiary", Mitsubishi Heavy Industries, Ltd. (the “Company”) has resolved to enter into a basic transaction agreement with LVJ Holdings 2 LLC (the “Tender Offeror”) concerning a series of transactions, including a tender offer for the common stock and the stock acquisition rights of Mitsubishi Logisnext Co., Ltd. by the Tender Offeror (the “Tender Offer”).