November 17, 2023

Tokio Marine Holdings, Inc.

President: Satoru Komiya

TSE code number: 8766

Announcement regarding share repurchases from the market

(Acquisition by the Company of its own shares pursuant to the provision of its Articles of

Incorporation in accordance with Article 165, paragraph 2 of the Companies Act.)

Tokio Marine Holdings, Inc. (the "Company") announced that on November 17, 2023 its board of directors resolved repurchases of its own shares, pursuant to Article 156 of the Companies Act which is applicable in accordance with Article 165, paragraph 3 of the Companies Act, as detailed below.

  1. Reason for the repurchase of shares
    The Company intends to repurchase its own shares in order to implement flexible financial policies.
  2. Details of the resolution made on November 17, 2023

(a) Class of shares to be repurchased:

Common stock of the Company.

(b) Aggregate number of shares to be repurchased:

Up to 40,000,000 shares.

(Represents approximately 2.0% of total issued shares excluding treasury shares.)

(c) Aggregate purchase price of shares:

Up to 70 billion yen.

(d) Period in which repurchases may be made:

From November 20, 2023 through May 15, 2024.

(For reference)

Total issued shares as of September 30, 2023(excluding treasury shares): 1,977,321,751 shares

Number of treasury shares held by the Company as of September 30, 2023: 25,178,249 shares

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Tokio Marine Holdings Inc. published this content on 17 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2023 07:08:11 UTC.