<p style="text-align: center;"><img title="1612755999106520.jpg" alt="9.jpg" src="/ueditor/php/upload/image/20210208/1612755999106520.jpg"/></p><p>NTN Corporation hereby announces that a change of Representative Executive Officer has been decided at the Board of Directors held on February 5, 2021.</p><p class="head2" style="background: url(&quot;../images/head2_bg.gif&quot;) no-repeat left bottom; margin: 0px 0px 12px; padding: 0px 0px 10px; clear: both; font-size: 14.04px; font-weight: bold; box-sizing: border-box;">1. Reason of change</p><p>To accelerate “Transformation” of business structure in next Medium-term Management Plan “DRIVE NTN 100 Phase 2”, and further strengthen the financial structure and develop a corporate culture that can address changes in the management environment.</p><p class="head2" style="background: url(&quot;../images/head2_bg.gif&quot;) no-repeat left bottom; margin: 0px 0px 12px; padding: 0px 0px 10px; clear: both; font-size: 14.04px; font-weight: bold; box-sizing: border-box;">2. Details of transfer</p><p>Schedule of change: April 1, 2021</p><p><p>Name</p><p>New Position</p><p>Former Position</p><p></p><p>Hiroshi Ohkubo &nbsp; &nbsp;Director &nbsp; &nbsp;Director,<br/>Representative Executive Officer, President, Executive Officer, CEO &nbsp; &nbsp;</p><p>Eiichi Ukai &nbsp; &nbsp;Director,<br/>Representative Executive Officer, President, Executive Officer, CEO &nbsp; &nbsp;Director,<br/>Representative Executive Officer, Managing Executive Officer &nbsp; &nbsp;</p><p>3. Name and profile of the new President, Executive Officer</p><p>Name &nbsp; &nbsp;Eiichi Ukai &nbsp; &nbsp;</p><p>Date of birth &nbsp; &nbsp;Feb.1, 1957 &nbsp; &nbsp;</p><p>Birth place &nbsp; &nbsp;Prefecture of Hyogo &nbsp; &nbsp;</p><p>Education &nbsp; &nbsp;Department of Administration Engineering, Faculty of Engineering, Kansai University &nbsp; &nbsp;</p><p>Business career</p><p>April 1980 &nbsp; &nbsp;Joined the Company &nbsp; &nbsp;</p><p>December 1986 &nbsp; &nbsp;NTN Bearing Manufacturing of Canada &nbsp; &nbsp;</p><p>April 2001 &nbsp; &nbsp;General Manager of Quality Assurance Dept. of Okayama Works &nbsp; &nbsp;</p><p>April 2011 &nbsp; &nbsp;Operating Officer, General Manager of Quality Assurance Dept. &nbsp; &nbsp;</p><p>April 2014 &nbsp; &nbsp;Managing Operating Officer<br/>General Manager of ASEAN &amp; Oceania Region<br/>General Manager of India &amp; West Asia Region &nbsp; &nbsp;</p><p>June 2017 &nbsp; &nbsp;Director<br/>Aftermarket Business Headquarters<br/>ASEAN &amp; Oceania Region, India &amp; West Asia Region &nbsp; &nbsp;</p><p>June 2019 &nbsp; &nbsp;Director<br/>Managing Executive Officer<br/>Aftermarket Business Headquarters<br/>Quality Assurance Headquarters<br/>ASEAN, Oceania &amp; West Asia Region<br/>India Region &nbsp; &nbsp;</p><p>April 2020 &nbsp; &nbsp;Director (current position)<br/>Representative Executive Officer,<br/>Managing Executive Officer<br/>Aftermarket Business Headquarters<br/>Industrial Business Headquarters<br/>Quality Assurance Headquarters<br/>ASEAN, Oceania, India &amp; West Asia Region<br/>India Region &nbsp; &nbsp;</p><p>Number of shares of the Company held: 54 thousand shares</p><p><br/></p></p>