| Kyushu Electric Power Company Incorporated has decided to issue its 445th and 446th domestic straight bonds. This offering is arranged for institutional investors. 
 
 
                        
                            
                                |  | 445th Bonds | 446th Bonds |  
                                | 1 Issue amount | 10 billion yen | 10 billion yen |  
                                | 2 Coupon | 0.360% | 0.850% |  
                                | 3 Issue price | 100% |  
                                | 4 Yield to investors | 0.360% | 0.850% |  
                                | 5 Denomination | 1 million yen |  
                                | 6 Offering period | December 8, 2016 |  
                                | 7 Issue date | December 14, 2016 |  
                                | 8 Maturity date | December 25, 2026 (10-year bullet bond)
 | December 25, 2036 (20-year bullet bond)
 |  
                                | 9 Use of proceeds | General capital expenditure and debt repayment |  
                                | 10 Lead manager | SMBC Nikko Securities Inc. Shinkin Securities Co., Ltd.
 Daiwa Securities Co., Ltd.
 Nomura Securities Co., Ltd.
 | Nomura Securities Co., Ltd. SMBC Nikko Securities Inc.
 Daiwa Securities Co., Ltd.
 Mizuho Securities Co., Ltd.
 |  
                                | 11 Rating | R&I (Rating & Investment Information, Inc.) Rating: A JCR (Japan Credit Rating Agency, Ltd.) Rating: AA
  Moody's Japan K.K.: A3
 |  This announcement is for information purposes only and should not be regarded as an offer to sell or as a solicitation of an offer to buy any financial product.
 |