Directors and Executive Officers to Change

Tokyo, February 18, 2015— Kawasaki Heavy Industries, Ltd. has announced that, based on decisions made at a Board of Directors meeting earlier today, the following Directors will be appointed following positions effective April 1, 2015:

Joji Iki
Senior Executive Vice President *
(currently Senior Vice President *)

Kenji Tomida
Senior Vice President *
(currently Senior Vice President)

Kyohei Matsuoka
Director
(currently Senior Executive Vice President *)

Hiroshi Takata
Director
(currently Senior Executive Vice President *)

Minoru Makimura
Director
(currently Senior Vice President)

Shigehiko Kiyama
Director
simutaniously appointed
Advisor, Kawasaki Trading Co., Ltd.
(currently Senior Vice President *)

 * Representative Director

The Company also announced today that the following management changes will become effective April 1, 2015:

Executive officers to be appointed new positions

Joji Iki
Senior Executive Vice President
in charge of technology, sales and procurement
(currently President
Gas Turbine & Machinery Company)

Kenji Tomida
President
Motorcycle & Engine Company
(currently General Manager
Corporate Planning Division)

Genichi Abe
Deputy General Manager
Marketing Division
(currently General Manager
Project Division
Ship & Offshore Structure Company)

Tatsuya Watanabe
Vice President
Plant & Infrastructure Company
(currently General Manager
Energy Plant Engineering Division
Plant & Infrastructure Company)

New managing executive officers to be appointed

Toshiyuki Kuyama
President
Gas Turbine & Machinery Company
(currently General Manager
Gas Turbine Division
Gas Turbine & Machinery Company)

Kazuo Ota
General Manager
Corporate Planning Division
also in charge of finance & accounting
and personnel & labor administration divisions
(currently General Manager
Planning & Control Division
Aerospace Company)

Ikuhiro Narimatsu

in charge of CSR, legal,

and general administration divisions

(currently General Manager
Personnel & Labor Administration Division)

Koji Kadota
General Manager
Corporate Technology Division
(currently Deputy General Manager
Corporate Technology Division)

New executive officers to be appointed

Katsuhisa Yamada
General Manager
Gas Turbine Division
Gas Turbine & Machinery Company
(currently Deputy General Manager
Gas Turbine Division
Gas Turbine & Machinery Company)

Sukeyuki Namiki
Vice President
Aerospace Company
(currently in charge of next large aircraft project
Aerospace Company)

Yoshinori Mochida
Vice President
Ship & Offshore Structure Company
(currently special assignment
Ship & Offshore Structure Company)

Toshifumi Kojima
special assignment
Aerospace Company
(currently General Manager
Marketing & Sales Division
Aerospace Company)

Kenichi Fukushima
General Manager
Personnel & Labor Administration Division
(currently Deputy General Manager
General Administration Division)

Hisashi Yamaji
General Manager
Planning & Control Division
Ship & Offshore Structure Company
(currently same as above)

Katsuya Yamamoto
General Manager
Planning & Control Division
Precision Machinery Company
(currently same as above)

Eiichi Harada
Deputy General Manager
Corporate Technology Division
(currently same as above)

Kazutoshi Honkawa
General Manager
Planning & Control Division
Aerospace Company
(currently Deputy General Manager
Planning & Control Division
Aerospace Company)

Yuji Horiuchi
General Manager
Research & Development Division
Motorcycle & Engine Company
(currently same as above)

Retiring executive officers

(as of March 31, 2015)

Shinsuke Tanaka
Shiro Nakabayashi
Kaoru Kawabe
Hirokazu Komaki
Masafumi Nakagawa
Masayoshi Maeda