b'I N F R A S T R U C T U R E G R O U PAnother Move towarda Better Planet Sale of Coal Power Operation Furthers Carbon Neutrality Goals,Continues Renewable Energy Initiatives When Sumitomo Corporation announced in 2020 its aim to benet carbon neutral by 2050, the company was embracing the longstanding Sumitomo Corporation value of contributing broadly to society, and its commitment to sustainability. To that end, SCOA subsidiary Perennial Power Holdings, Inc. (PPH) recently sold all of its 40% limited partnership interest in American Bituminous Power Part-ners, L.P. (Ambit), the owner of a West Virginia-based coal-fired power generation facility. PPH, together with Sumitomo, purchased its portion of in Ambit from Mission Energy for $14.6 million back in 1993. Through the sale of the Ambit project, SumitomoSustainability and ESG are very important to the Corporation reduced its global carbon footprint byentire SC Group and we have taken a leading posi-removing more than 910,000 tons of CO2 per yeartion with our commitment to be carbon neutral by from its portfolio. The company is planning to further2050, said Bill Cannon, General Manager of SCOAs reduce its carbon footprint by diversifying the currentInfrastructure Group. We hope to achieve this goal asset portfolio by eliminating specific coal-fired powerby investing in new technologies and developing new generation assets, and increasing its ownership in re- business models for sustainable energy, while also tak-newable and gas-fired power generation assets.ing a hard look at our existing portfolio and rebalanc-ing it to be more environmentally friendly.continued next pageOver the past decade SCOAs wind power and solar power projects, including Mesquite Creek Wind Farm in Texas (right) and Desert Sunlight Solar Farm in California(next page), have increased thecompanys renewableenergy profile.Sumitomo Corporation of Americas 9'