Mitsubishi Paper Mills' subsidiary Mitsubishi Hi-tec Paper Europe will restructure its business, offer voluntary retirement program for 140 employees in Germany; restructuring aims to address European economic stagnation, thermal paper market competition

June 5, 2025 (press release) –

https://www.mpm.co.jp/news/pdf/2025/20250605-1E.pdf Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. FOR IMMEDIATE RELEASE Company name: Mitsubishi Paper Mills Limited Securities code 3864 TSE Prime Market Representative: Ryuichi Kisaka, President and CEO Contact: Yuichi Matsumura General Manager Functional Materials Division TEL: +81-3-5600-1488 Notice Regarding Restructuring of a Consolidated Subsidiary Mitsubishi Paper Mills Limited (the “Company”) announces that its consolidated subsidiary in Germany Mitsubishi Hi-tec Paper Europe GmbH (“MPE”) has decided to restructure its business, including the offering of voluntary retirement opportunities starting on June 4, 2025. 1. Reasons for Restructuring The Company’s business in Germany spun off the Flensburg mill, transferring it in 2022, and has been continuously working to improve profitability. However, due to the continuing economic stagnation in Europe and severe price competition in the area of thermal paper, the Company has decided to restructure the business, including a voluntary retirement program for employees. 2. Details of Voluntary Retirement Program 1) Scope: Employees of MPE 2) Number of applicants: Approx. 140 3) Application period: June 4–11, 2025 4) Date of retirement: June 30, 2025 Applicants who wish to can use the German Transfergesellschaft reemployment support system beginning on July 1 and receive reemployment support. 5) Preferential treatment, etc.: Severance payment 3. Details of the subsidiary offering the program 1) Name: Mitsubishi HiTec Paper Europe GmbH 2) Place: Bielefeld, Germany 3) Representative: Fujitaka Mizushima (Managing Director) 4) Capital: 11,759,000 euro 5) Year of foundation: 1799 6) Ownership Structure Mitsubishi Paper Holding (Europe) GmbH 100% (HQ: Düsseldorf, Germany, 100% Subsidiary of Mitsubishi Paper Mills Limited) 4. Forecast This has been factored into the consolidated results forecast for FY2026/3. However, if the Company determines that it is necessary to revise the forecast due to the number of applicants, etc., it will announce this promptly.