At a meeting of the board of directors of AVX Corporation on May 8, 2013, the board accepted the decision by Director Makoto Kawamura, Advisor of Kyocera Corporation, not to stand for reelection at the annual meeting of shareholders scheduled for July 24, 2013 and to retire from the board effective July 24, 2013. At the same board meeting, the board nominated, as Mr. Kawamuras replacement, Mr. Goro Yamaguchi, President and Representative Director of Kyocera Corporation, for election to Class II of the Board at the Annual Meeting.