MODEC Announces New Executive Appointments

At its Board of Directors Meeting held on March 28, 2013, MODEC, Inc. appointed the following new
Representative Managing Directors with effect from the same date:

Shigeru Usami - Executive Managing Officer

Kensuke Taniguchi - Deputy Director

At its Board of Directors Meeting held on March 28, 2013, MODEC, Inc. appointed the following new
Executive Officers with effect from the same date:

Newly Appointed / Reappointed Executive Officers

Toshiro Miyazaki*        President & Chief Executive Officer
Shigeru Usami*          Executive Managing Officer
Kensuke Taniguchi*  Executive Managing Officer (New)
Hideo Uetani               Executive Managing Officer (New)
Hideo Shimamura     Executive Managing Officer
Takashi Nishino         Executive Managing Officer
Hideo Miyashita          Executive Officer
Masaki Habu               Executive Officer
Ricky Alan Hall*          Executive Officer
Yasuhiro Takano        Executive Officer (New)
Bruce Beever              Executive Officer (New)

*Concurrently assuming the position of Director.