June 2014　Regular Press Conference : Chairman Mita's Message

• I would like to report that the General Meeting of Shareholders was concluded today without incident.
• This year's General Meeting was the ninth-longest in our company's history, lasting 3 hours and 14 minutes. It was also the fifteenth-largest, with 1,292 shareholders in attendance.
• In addition to being provided with a report on Chubu Electric’s business status for fiscal 2013, attendees at the meeting deliberated on a total of nine resolutions, consisting of two proposed by the company and seven proposed by shareholders. The two resolutions proposed by the company were accepted by a majority of shareholders.
• In addition, we provided straightforward answers to shareholders’ questions concerning the safety of Hamaoka Nuclear Power Station and other important management issues in the current severe business environment, including questions regarding shares and the increase in electricity rates, as well as questions regarding efforts aimed at improving performance.
• The business environment for our electricity business has changed significantly since the Great East Japan Earthquake, and although the extremely severe business situation continues, the Chubu Electric Group will continue in its efforts to provide a stable supply of electricity and will work actively to accurately and flexibly deal with the changing energy market, including electricity system reform.
• At the same time, we will always contribute to the development of our regional community, seeking to earn the trust of our customers and our shareholders and investors, and to continue to be a company that they turn to.

(Reference) Status of the General Meeting of Shareholders

• Now I would like to introduce two new Directors.
• The new Directors were approved at today’s General Meeting of Shareholders, and their duties were decided at the meetings of the Board of Directors that followed.
• First, one of our new Directors, Chiyoji Kurata. Mr. Kurata is scheduled to be named Senior Managing Executive Officer and appointed General Manager of Hamaoka Central Administration Office and affiliated with Environmental Affaires & Plant Siting Division as of July 1st.
• Next, our second new Director, Kozo Ban. Mr. Ban is scheduled to be named Senior Managing Executive Officer and appointed General Manager of the Power Generation Division as of July 1st.
• We continue to face an extremely severe business environment, due to factors including the shutdown of the Hamaoka Nuclear Power Station. Under our new system, we will face our various management challenges head on, responding with the total power of the Chubu Electric Group.
• That concludes my remarks for today.