X0206 3 2023-02-09 0 0001930021 Pono Capital Three, Inc. PTHR 0001321269 Shindo Dustin M 643 ILALO ST. #102 HONOLULU HI 96813 1 0 0 0 Class B Ordinary Shares Class A Ordinary Shares 4935622 D Class B Ordinary Shares have no expiration date and will automatically convert into Class A Ordinary Shares at the time of the issuer's initial business combination on a one-for-one basis, subject to adjustment as set forth in the issuer's registration statement on Form S-1 (File No. 333-268283). Includes up to 643,777 shares subject to forfeiture depending on the extent to which the underwriters' over-allotment option is exercised, if at all. The securities are held directly by Mehana Capital LLC, the sponsor of the issuer (the "Sponsor"). The reporting person may be deemed to beneficially own shares held by the Sponsor by virtue of his control over the Sponsor. The reporting person disclaims beneficial ownership of the issuer's Class B Ordinary Shares held by the Sponsor, except to the extent of his pecuniary interest. /s/ Dustin Shindo, by Nelson Mullins Riley & Scarborough LLP with Power of Attorney 2023-02-09