THE BANK OF SAGA Sets Details for Equity Compensation Plan

TOKYO, Aug 05 (Pulse News Wire) – The Bank of Saga Ltd. (8395.F) has finalized the specifics of its equity compensation plan aimed at directors, excluding audit committee members, external directors, and non-resident domestic directors.

The plan was approved during a board meeting held on August 05, 2026. Under the plan, the bank will acquire shares worth ¥662 million through the stock market from August 14, 2026, to September 11, 2026. The acquired shares will be managed via a trust agreement established on August 12, 2026, with Mitsubishi UFJ Trust and Banking Corporation serving as the trustee.

The trust's purpose is to provide incentives to eligible directors who meet the beneficiary criteria. Key details of the trust arrangement include: - Total amount entrusted: ¥664 million (including management fees and expenses) - Duration of the trust: August 12, 2026, to August 31, 2028 - Voting rights: Not exercised - Type of shares: Ordinary shares of The Bank of Saga Ltd. - Acquisition method: Through the stock market and self-held share disposals The residual assets within the trust’s reserve fund will be received by the bank upon termination of the trust.