Revised Key Indicator Guidelines and Financial Policy

Asahi Group Holdings, Ltd.

Asahi Group Holdings, Ltd., (the “Company”) has announced revisions to the key indicator guidelines and financial policy that were included in the Medium- to Long-Term Management Policy compiled in 2022 and aims to achieve the new targets by roughly 2030.

These revisions are also designed to address Tokyo Stock Exchange's request for companies to take "Action to Implement Management that is Conscious of Cost of Capital and Stock Price". Following analysis and evaluation of the Company’s current stock price in the Board of Directors as well as thorough dialogue with the capital market, the Company seeks to improve valuations of the Company’s stock price. For more detailed information, please refer to the attachment entitled: Revised Key Indicator Guidelines and Financial Policy.