OREANDA-NEWS. As announced on May 15, 2015, The Dai-ichi Life Insurance Company, Limited (the “Company”; President: Koichiro Watanabe) intends to shift to a holding company structure (the “Transition”). In connection with the Transition, the Company announces that its Board of Directors, in its meeting held today, resolved that its domestic life insurance business will be succeeded by The Dai-ichi Life Split Preparation Company, Limited, a wholly-owned subsidiary of the Company that was incorporated on April 1, 2016 (the “Successor”). Accordingly, the Company concluded a definitive agreement with the Successor with respect to an absorption-type corporate split (the “Agreement”) which is expected to become effective on October 1, 2016.

The Agreement and necessary amendments to the Articles of Incorporation of the Company shall become effective subject to the approvals of: (i) the 6th annual general meeting of shareholders to be held in late June 2016; and (ii) regulatory authorities.

With effect from October 1, 2016, the Company will become a holding company with a new trade name, “Dai-ichi Life Holdings, Inc.”, and a new corporate purpose of managing the group’s operating companies. On the same day, the trade name of the Successor will be changed to “The Dai-ichi Life Insurance Company, Limited”.