Dai ichi Life : Changes in Representative Director and Executive Officers

[Unofficial Translation]

February 14, 2022

Seiji Inagaki

Representative Director, President

Dai-ichi Life Holdings, Inc.

Code: 8750 (TSE First section)

Changes in Representative Director and Executive Officers

Dai-ichi Life Holdings, Inc. (President: Seiji Inagaki, hereinafter: the Company) hereby announces the changes of representative director and executive officers effective April 1, 2022.

In addition, the Company also announces the changes in assignment of executive officers of The Dai-ichi Life Insurance Company, Limited, a consolidated subsidiary of the Company, as a reference as attached after page 10.

1. Change of Title of Representative Director (effective April 1, 2022)

In order to change the business execution structure, the Company will implement the following change in representative director.

New Title	Current Title	Name
Director	Representative Director,	Hideo Teramoto
	Vice Chairman

2. Changes of Titles of those other than Representative Directors (effective April 1, 2022)

New Title	Current Title	Name
Representative Director,	Representative Director,	Tetsuya Kikuta
Senior Managing Executive Officer	Senior Managing Executive Officer
	Chief General Manager, North
	America
Senior Managing Executive Officer	Senior Managing Executive Officer	Takashi Fujii
Chief General Manager, Asia Pacific	Status
Managing Executive Officer	Managing Executive Officer	Norimitsu
	Chief General Manager, Asia Pacific	Kawahara
Managing Executive Officer	Managing Executive Officer Status	Takahiro Shibagaki
Executive Officer	Executive Officer	Koichi Nishiyama
Chief General Manager, North	Deputy Chief General Manager, Asia
America	Pacific
Managing Executive Officer Status	Executive Officer Status	Yasutaka Yamada
	1

3. Retiring Officers (effective March 31, 2022)

Current Title	Name	Remarks
Managing Executive Officer	Hideo Hatanaka	Hideo Hatanaka will be appointed as an
		Advisor of The Dai-ichi Frontier Life Insurance
		Co., Ltd. on April 1, 2022.
Managing Executive Officer	Munehiro Uryu	Munehiro Uryu will be appointed as an Advisor
		of The Neo First Life Insurance Co., Ltd. on
		April 1, 2022.
Executive Officer	Tsuyoshi Kawamoto	-
Executive Officer	Takashi Iida	Takashi Iida will be appointed as a Director,
		Managing Executive Officer of The Dai-ichi
		Life Insurance Co., Ltd. on April 1, 2022.
Executive Officer	Atsuko Ochiai	Atsuko Ochiai continues to be an Executive
General Manager of		Officer of The Dai-ichi Life Insurance Co., Ltd.
International Life Insurance
Business Unit

4. New Appointments of Executive Officers (effective April 1, 2022)

New Title	Name
Managing Executive Officer	Shoji Takeuchi (*1)
Executive Officer	Takehiko Eguchi
Executive Officer	Hideyuki Ohashi
Executive Officer	Jun Kuroda
Executive Officer Status	Makoto Goda (*2)

*1 M r. Takeuchi's appointment as a M anaging Executive Officer is subject to approval by the authorities.

*2 M akoto Goda will be appointed as a Representative Director, Senior M anaging Executive Officer of the Dai-ichi Frontier Life Insurance Co., Ltd. on April 1, 2022.

*Refer to pages 6 and 7 for the reasons for the new appointments and pages 8 and 9 for their biographies.

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Dire ctors and Executive Officers as ofApril 1, 2022

Title	Name
Director, Chairman of the Board	Koichiro Watanabe
Representative Director, President	Seiji Inagaki
Representative Director, Senior Managing Executive Officer	Tetsuya Kikuta
Director, Managing Executive Officer	Hiroshi Shoji
Director, Managing Executive Officer	Mamoru Akashi
Director, Managing Executive Officer	Toshiaki Sumino
Director	Hideo Teramoto
Director	George Olcott
Director	Koichi Maeda
Director	Yuriko Inoue
Director	Yasushi Shingai
Director (Audit and Supervisory Committee Member (Full-	Morinobu Nagahama
Time))
Director (Audit and Supervisory Committee Member (Full-	Fusakazu Kondo
Time))
Director (Audit and Supervisory Committee Member)	Rieko Sato
Director (Audit and Supervisory Committee Member)	Ungyong Shu
Director (Audit and Supervisory Committee Member)	Koichi Masuda
Senior Managing Executive Officer	Masamitsu Nambu
Senior Managing Executive Officer	Masao Taketomi
Senior Managing Executive Officer	Fuji Takashi
Senior Managing Executive Officer	Yuji Tokuoka
Managing Executive Officer	Norimitsu Kawahara
Managing Executive Officer	Takahiro Shibagaki
Managing Executive Officer	Ichiro Okamoto
Managing Executive Officer	Hidehiko Sogano
Managing Executive Officer	Shoji Takeuchi
Executive Officer	Hitoshi Yamaguchi
Executive Officer	Koichi Nishiyama
Executive Officer	Miki Kashizaki
Executive Officer	Takehiko Eguchi
Executive Officer	Hideyuki Ohashi
Executive Officer	Jun Kuroda

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Responsibilities and Delegation of Employees Duties, etc. as of April 1, 2022

Name and Title	Responsibilities	Delegation, etc. (*)
Seiji Inagaki
（Representative Director,
President）
【Chief Executive Officer】
Tetsuya Kikuta	Corporate Planning Unit, Financial Planning Unit,
(Representative Director,	Retirement, Savings and Asset M anagement Business Unit
Senior M anaging Executive
Officer)
【Chief Financial Officer】
Hiroshi Shoji	Actuarial and Accounting Unit
(Director, M anaging
Executive Officer)
M amoru Akashi	Protection Business and CX Planning Unit
(Director, M anaging	the matters regarding CX Design Strategy
Executive Officer)
Toshiaki Sumino	International Life Insurance Business Unit(the matters
(Director, M anaging	regarding International Life Insurance Business in General)
Executive Officer)
M asamitsu Nambu	Corporate Service Unit
(Senior M anaging Executive
Officer)
M asao Taketomi	The matters regarding The Dai-ichi Frontier Life Insurance
(Senior M anaging Executive	Co., Ltd.
Officer)
Takashi Fujii	International Life Insurance Business Unit (the matters	Chief General M anager,
(Senior M anaging Executive	regarding Asia Pacific Region)	Asia Pacific
Officer)
Yuji Tokuoka	The matters regarding The Neo First Life Insurance Co.,
(Senior M anaging Executive	Ltd.
Officer)
Norimitsu Kawahara	The matters regarding specific assignments
(M anaging Executive
Officer)
Takahiro Shibagaki	The matters regarding specific assignments
(M anaging Executive
Officer)
Ichiro Okamoto	Internal Audit Unit
(M anaging Executive
Officer)
Hidehiko Sogano	The matters regarding external activities and negotiations
(M anaging Executive	in the field of international regulations and climate change
Officer)	for the Group and International Life Insurance Business

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Name and Title	Responsibilities	Delegation, etc. (*)
Shoji Takeuchi	Corporate Communication Unit
(M anaging Executive
Officer)
Hitoshi Yamaguchi	Human Resources Unit
(Executive Officer)
Koichi Nishiyama	International Life Insurance Business Unit (the matters	Chief General M anager,
(Executive Officer)	regarding North American Region)	North America
M iki Kashizaki	The matters regarding Diversity and Inclusion for the
(Executive Officer)	Group
Takehiko Eguchi	Innovation Strategy Unit
(Executive Officer)
Hideyuki Ohashi	Risk M anagement Unit, Legal and Compliance Unit,
(Executive Officer)
Jun Kuroda	IT Business Process Unit
(Executive Officer)

Note: Chief Officers (CXOs) are responsible for supervising the whole group with group -wide authorities in its own duties.

(*) Delegation as general manager will be announced at a later date.

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