AZBIL CORPORATION TOKYO BLDG., 2-7-3, MARUNOUCHI, CHIYODA-KU, TOKYO 100-6419 JAPAN

(Translation)
March 19, 2025

Company name: Azbil Corporation Representative:
Kiyohiro Yamamoto

Director, President & Group CEO
Contact:
Toshihiko Akabane

General Manager,

Head of Group Management Headquarters
Phone:
+81-3-6810-1010
Stock code:
6845 (Prime Market of Tokyo Stock Exchange)

Notification Regarding Completion of Payment for
the Disposal of Treasury Shares and Partial Forfeiture

Azbil Corporation (“the Company”)
announces that it has completed the payment procedures for the
disposal of treasury shares
(the “Disposal”)
to the azbil Group Employee Stock Ownership Association (the
“Association”) today, which was resolved at the Board of Directors meeting
held on February 6, 2025. We
also announce that the number of shares to be disposed of and the total value of disposal as initially
planned have changed due to partial forfeiture, as described below.

For details, please refer to the
“Notification Regarding the Disposal of Treasury Shares as Granting of Shares Through the Employee
Stock Ownership Association” dated February 6, 2025.
1. Details of the Disposal

(The underlined text is amended.)
After the change
Before the change
(1) Date of disposal
March 19, 2025
March 19, 2025
(2) Type and number of shares
to be disposed of
219,280 shares of common
stock
309,240 shares of common
stock
(3) Disposal price
1,142.5 yen per share
1,142.5 yen per share
(4) Total value of disposal
250,527,400 yen
353,306,700 yen
(5) Method of disposal (intended
allottee)
By third-party allocation
(The azbil Group Employee
Stock Ownership Association:
219,280 shares)

Provided that the Association
makes
an
application
for
subscription
by
third-party
allocation, the Company will
allocate to the Association the
number
of
shares
predetermined and applied by
the
Association
within
the
maximum number (309,240)
available for the Disposal; the

AZBIL CORPORATION TOKYO BLDG., 2-7-3, MARUNOUCHI, CHIYODA-KU, TOKYO 100-6419 JAPAN

allocated number will be the
number
of
shares
to
be
disposed of.
(The azbil Group Employee
Stock Ownership Association:
309,240 shares)
Note that the Company will not
accept any application from
eligible
members
of
the
Association for allocation of only
a part of the shares to be
granted.
(6) Other
A
Securities
Registration
Statement pursuant to the
Financial
Instruments
and
Exchange Act of Japan has
been submitted for the Disposal.
The Disposal is subject to
effectuation of a Securities
Registration
Statement
pursuant
to
the
Financial
Instruments and Exchange Act
of Japan.

2. Reason for the changes

The change in the number of shares to be disposed of and the total value of disposal resulted from the
completion of the promotion for employees and the determination of the number of members of the
Association.