Regarding the Conclusion of a Loan Agreement with India's State-Owned Power Transmission Company, Power Grid Corporation of India Limited

Resona Holdings' Kansai Mirai Bank (President Shogo Harato), along with the Japan Bank for International Cooperation (JBIC) and other private financial institutions, concluded a loan agreement on June 17, 2026 (Wed.) with India's state-owned power transmission company, Power Grid Corporation of India Limited (hereinafter referred to as "PGCIL"), for a total amount not exceeding 80 billion yen (of which Kansai Mirai Bank's loan portion is 3 billion yen). This initiative is part of JBIC's "GREEN" (Global action for Renewable Energy and Environmental Technology) program*.

* A program implemented by JBIC since April 1, 2010, that supports projects with high environmental conservation effects, such as the development of solar power generation and energy-efficient power plants utilizing advanced environmental technology, and the introduction of energy-saving equipment, by providing financing, guarantees, and equity investments while mobilizing private funds.

Supporting projects for environmental conservation and social issue resolution in India

The Indian government has set a goal to expand its renewable energy generation capacity to 500 GW by 2030, and the development of a transmission network connecting power generation sites with electricity demand areas is indispensable for achieving this goal. Furthermore, in light of the current Middle East situation, the Japanese government launched the "Partnership for Global Resilience and Energy Security (POWERR Asia)" in April 2026 to strengthen energy and resource supply chains, promoting enhanced cooperation with Asian countries.

This project supports the development of India's core infrastructure by financing PGCIL's high-voltage direct current transmission project, thereby contributing to the strengthening and diversification of the energy supply system in Asia.

Positioning India as one of our key focus countries and strengthening overseas business support

Support for this project aims to create business opportunities for Japanese companies handling related equipment through the promotion and expansion of high-voltage direct current transmission in the Indian market. Taking this opportunity, we will provide timely local information to further support our customers' overseas expansion and fulfill our role as a financial institution connecting the region and the world.

Loan Agreement Overview

Date of Conclusion

June 17, 2026 (Wed.)

Loan Amount

Total amount not exceeding 80 billion yen (of which Kansai Mirai Bank's loan portion is 3 billion yen)

Use of Funds

Transmission project to be carried out by PGCIL from the Khavda Renewable Energy Park in Gujarat State, western India, to Nagpur District in Maharashtra State, central India.

Purpose

To support projects that contribute to environmental conservation in countries and regions where our customers have expanded or have a high interest, and to contribute to the business development of our customers and their suppliers.