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Press Release

JERA to Succeed to Parent Companies’ Fuel Transportation and Fuel Trading Businesses

2015/09/11

JERA is delighted to announce that it will succeed to both the fuel transportation and fuel trading businesses of Tokyo Electric Power Company, Incorporated and Chubu Electric Power Co., Inc. (collectively, the “Parent Companies”). These businesses will be integrated into JERA on 1 October 2015.

The assets that JERA will succeed to are the LNG ship ownership companies and related management companies, and the fuel trading companies of the Parent Companies, as described in the attached List of Succession Assets.

As a result of JERA succeeding to both of these business, its capital will be increased to approximately five billion yen.

JERA intends to make efforts to optimize the use of these assets and maximize the effect of adding these businesses.

Outline of JERA (as of October 1, 2015)

Company Name JERA Co., Inc
Representatives Yoshihiro Naito, Chairman
Yuji Kakimi, President
Business Description Development of new upstream energy investments
New fuel procurement
Development of new domestic thermal power plants and scrap and build of obsolete domestic thermal power plants
Development of new overseas power plants and energy infrastructure
Fuel transportation
Fuel trading
Establishment April 30, 2015
Paid-in Capital JPY 5 billion
Shareholding ratio TEPCO: 50%*; Chubu Electric: 50%
Headquarters 2-7-1 Nihonbashi, Chuo-ku, Tokyo

*TEPCO’s interest is held through Tokyo Electric Power Fuel & Thermal Power Generation Split Preparation Company, Incorporated
Underlining indicates changes since April 30, 2015

List of Succession Assets

1.Fuel Transportation Business

Company NameTransfer fromShare holding ratioDescription of Business and Partners
Trans Pacific Shipping 1 Ltd. CE 40% LNG carrier owning company (CE LNG Carrier No.1). Joint venture of CE, Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK).
Trans Pacific Shipping 2 Ltd. CE 40% LNG carrier owning company (CE LNG Carrier No.2). Joint venture of CE, MC and Mitsui O.S.K. Lines, Ltd. (MOL).
Trans Pacific Shipping 5 Ltd. CE 50% LNG carrier owning company (CE LNG Carrier No.5). Joint venture of CE and MOL.
Trans Pacific Shipping 6 Limited CE 50% LNG carrier owning company (CE LNG Carrier No.6). Joint venture of CE and NYK.
Trans Pacific Shipping 7 Limited CE 50% LNG carrier owning company (CE LNG Carrier No.7). Joint venture of CE and NYK.
Trans Pacific Shipping 8 Ltd. CE 50% LNG carrier owning company (CE LNG Carrier No.8). Joint venture of CE and MOL.
Pacific LNG Shipping Limited TE 70% LNG carrier owning company (TE LNG Carrier No.1). Joint venture of TE, MC and NYK.
Pacific Eurus Shipping Limited TE 70% LNG carrier owning company (TE LNG Carrier No.2). Joint venture of TE, NYK and MC.
Cygnus LNG Shipping Limited TE 70% LNG carrier owning company (TE LNG Carrier No.4). Joint venture of TE, MC and NYK.
Pacific Hope Shipping Limited TE 30% LNG carrier owning company (TE LNG Carrier No.5). Joint venture of Kyushu Electric Power, TE, MC, NYK, Mitsui & Co Ltd and MOL.
Pacific LNG Yuso Limited TE 70% Operation and management company of TE LNG Carrier No.1. Joint venture of TE, MC and NYK.
Transocean LNG Yuso Limited TE 70% Operation and management company of TE LNG Carrier No.2. Joint venture of TE, NYK and MC.
LNG Marine Transport Limited TE 70% LNG marine transport service. Joint venture of TE, MC and NYK.

2.Fuel Trading Business

Company NameTransfer fromShare holding ratioPresent NameDescription of Business
JERA Trading Singapore Pte Ltd CE 100% Chubu Energy Trading Singapore Pte Ltd Coal and freight trading business.
JERA LNG Coordination Inc. TE 100% TEPCO Trading Co., Ltd. Purchase and sales of LNG.