- TOKYO, Japan, December 7, 2022 -

At a meeting of its board of directors held on May 19, Seiko Epson Corporation (TSE: 6724, "Epson") resolved on a share repurchase pursuant to Article 156 of the Companies Act of Japan as applied pursuant to Article 165, Paragraph 3 of the same act, and implemented the share repurchase. Details of the share repurchase undertaken are as follows.

(1) Class of shares repurchased	Ordinary shares
(2) Total number of shares purchased	1,986,400
(3) Total repurchase amount	4,117,343,900 yen
(4) Repurchase period	November 1, 2022 to November 30, 2022 (on an execution base)
(5) Repurchase method	Purchase on the Tokyo Stock Exchange (By securities company using discretionary method)

1. Details of the resolution at board of directors meeting held on May 19, 2022.

(1) Class of shares to be repurchased	Ordinary shares
(2) Total number of repurchasable shares	33 million (maximum) (9.35% of the total number of issued shares (excluding treasury stock))
(3) Total repurchase amount	30 billion yen (maximum)
(4) Repurchase period	May 20, 2022 to May 19, 2023
(5) Repurchase method	Purchase on the Tokyo Stock Exchange (By securities company using discretionary method)

2. Total number of shares repurchased based on resolution of aforementioned board of directors' meeting (as of November 30, 2022)

(1) Total number of shares purchased	9,602,800
(2) Total repurchase amount	20,052,617,100 yen

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