Aozora Bank, Ltd. announced the retirement of Takeo Saito, Director (Representative Director and Deputy President) as of June 27, 2018. The company announced the promotion of Kei Tanikawa, Senior Managing Executive Officer, Head of Business Banking Group and Head of Corporate Banking Group, to Representative Director, Deputy President, Head of Business Banking Group and Head of Corporate Banking Group, as of June 27, 2018. The company announced the promotion of Kei Tanikawa, Representative Director, Deputy President, Head of Business Banking Group and Head of Corporate Banking Group, to Representative Director, Deputy President, as of July 1, 2018. The company announced the promotion of Masato Mano, Executive Officer and Head of Allied Banking Group, to Managing Executive Officer and Head of Allied Banking Group, as of July 1, 2018. The company promoted Takayoshi Nomura, Executive Officer and Head of Retail Banking Group, to Managing Executive Officer and Head of Retail Banking Group, as of July 1, 2018. The company promoted Takeshi Ito, Executive Officer and Head of Advisory and Investment Group, to Managing Executive Officer and Head of Advisory and Investment Group, as of July 1, 2018. The company announced change of assignment of Koji Yamakoshi, Managing Executive Officer, Head of Specialty Finance Group and General Manager of Global Real Estate Structured Debt Division, to Managing Executive Officer, Head of Business Banking Group and Head of Corporate Banking Group, as of July 1, 2018. The company announced change of assignment of Fumihiko Hirose, Managing Executive Officer, Chief Risk Officer and Chief Credit Risk Officer, to Managing Executive Officer, Head of Specialty Finance Group and General Manager of Global Real Estate Structured Debt Division, as of July 1, 2018. The company announced change of assignment of Masayoshi Ohara, Managing Executive Officer and Head of Financial Markets Group, to Managing Executive Officer, Chief Risk Officer and Chief Credit Risk Officer, as of July 1, 2018. The company announced change of assignment of Takashi Kato, Executive Officer, General Manager of Kansai Branch and General Manager of Kansai Financial Institutions Division, to Executive Officer and Head of Financial Markets Group, as of July 1, 2018. The company announced change of assignment of Tomoyuki Yamada, Executive Officer, Deputy Chief Technology Officer and General Manager of Application Management Division, to Executive Officer and Chief Technology Officer, as of July 1, 2018. The company announced appointment of Akira Sakai, Deputy Chief Financial Officer, to Executive Officer and Deputy Chief Financial Officer, as of July 1, 2018. The company announced appointment of Jun Shinozaki, General Manager of Corporate Business Division II, to Executive Officer and Deputy Chief Credit Risk Officer, as of July 1, 2018. The company announced appointment of Kazuhiro Yasuda, General Manager of Acquisition and Project Finance Division, to Executive Officer, General Manager of Kansai Branch and General Manager of Kansai Financial Institutions Division, as of July 1, 2018. The company announced the retirement of Masatatsu Ozeki, Senior Managing Executive Officer and Chief Technology Officer, and Jorge A. Leon Managing Executive Officer and Special Assignment, as of June 30, 2018. Mr. Leon will continue serving at Aozora Bank. The company announced the proposed nomination of Kei Tanikawa as Director, as of June 27, 2018. The proposed nomination is subject to election at the Ordinary General Meeting of Shareholders scheduled for June 27, 2018. Mr. Tanikawa will be appointed as Representative Director and Deputy President at the Board of Directors Meeting following the Ordinary General Meeting of Shareholders.