These documents are partial translations of the Japanese originals for reference purposes only.
In the event of any discrepancy between these translated documents and the Japanese originals, the originals
shall prevail. The Bank assumes no responsibility for this translation or for direct, indirect or any otherforms of damages arising from the translations.

(Securities Code: 8388)
June 3, 2021
To Shareholders with Voting Rights:
Susumu Nagaoka
President and Director
The Awa Bank, Ltd.
24-1, Nishisemba-cho 2-chome,
Tokushima, JapanNOTICE OF CONVOCATION OF
THE 209TH ANNUAL GENERAL MEETING OF SHAREHOLDERS
We would like to express our appreciation for your continued support and patronage.
We would also like to express our deepest condolences to those affected by the novel coronavirus infection
and those affected by the spread of the infection.
We are pleased to inform the shareholders that the 209th Annual General Meeting of Shareholders of The
Awa Bank, Ltd. (the “Bank”) will be held for the purposes as described below.
Considering the circumstances of the novel coronavirus infection, we kindly ask shareholders to exercise
their voting rights in writing or via the Internet, etc. as much as possible in order to ensure the safety ofshareholders and prevent the spread of the infection. Please review the Reference Documents for the General
Meeting of Shareholders attached below and exercise your voting rights.
1. Date and Time:

Tuesday, June 29, 2021 at 10:00 a.m. Japan time

2. Place:

3F Large Conference Room, Head Office of the Bank
24-1, Nishisemba-cho 2-chome, Tokushima, Japan

3. Meeting Agenda:
Matters to be reported: 1. The Business Report and Non-consolidated Financial Statements for the
Bank’s 209th Fiscal Year (from April 1, 2020 to March 31, 2021)
2. Consolidated Financial Statements for the Bank’s 209th Fiscal Year (from
April 1, 2020 to March 31, 2021) and results of audits of the Consolidated
Financial Statements by the Accounting Auditor and the Audit &Supervisory Committee
Proposals to be resolved:
Proposal No. 1: Election of Eight (8) Directors (Excluding Those Who Are Audit & Supervisory
Committee Members)
Proposal No. 2: Election of Three (3) Directors Who are Audit & Supervisory Committee
Members1

Exercise of Voting Rights:
Exercise of voting rights by attending the meeting
Meeting date and time: Tuesday, June 29, 2021 at 10:00 a.m. Japan time
For those attending, please present the enclosed Voting Rights Exercise Form to
the receptionist on arrival at the meeting.
Exercise of voting rights in writing
Exercise deadline: Monday, June 28, 2021 at 5:30 p.m. Japan time
Please indicate your vote for or against the proposals on the enclosed Voting
Rights Exercise Form and return it to Securities Agent Department of JAPANSECURITIES AGENTS, LTD. so that it is received by the time indicatedabove.
Exercise of voting rights via the Internet, etc.
Exercise deadline: Monday, June 28, 2021 at 5:30 p.m. Japan time
Please access the Bank’s designated voting website (https://www.e-sokai.jp/)(in Japanese), follow the instructions on the screen, and indicate your vote foror against the proposals by the time indicated above.

1. Handling of duplicate voting
If you exercise your voting rights both in writing and via the Internet, etc., as described above, only yourvote placed via the Internet, etc., will be valid regardless of the timing of the vote.
In addition, if you submit your vote multiple times via the Internet, etc., only the last vote will be valid.
2.

Exercise of voting rights by proxy
Exercise of voting rights by proxy will be limited to cases where another shareholder with voting rights is
appointed as a proxy and only one such proxy can be appointed.
End◎

Of the documents to be attached to this notice of convocation, the Non-Consolidated Statement of
Changes in Equity, the Notes to the Non-consolidated Financial Statements, the Consolidated Statementof Changes in Equity, and the Notes to the Consolidated Financial Statements are posted on the Bank’s
website (https://www.awabank.co.jp/) (in Japanese) in accordance with laws and regulations as well as
Article 16 of the Articles of Incorporation of the Bank, and are therefore not included in this document.
Therefore, the documents attached to this notice of convocation constitute a part of the non-consolidated
and consolidated financial statements audited by the Accounting Auditor in preparing its accounting audit
report and part of the business report, non-consolidated and consolidated financial statements audited by
the Audit & Supervisory Committee in preparing its audit report.
Please note that the air conditioning at the venue will be operated moderately to save electricity.
Attending shareholders are recommended to dress in light clothing.
Any updates to the Reference Documents for the General Meeting of Shareholders, the Business Report,
the Non-consolidated Financial Statements and Consolidated Financial Statements will be posted on
the Bank’s website (https://www.awabank.co.jp/) (in Japanese).

◎◎2Reference Documents for the General Meeting of Shareholders
Proposal No. 1:

Election of Eight (8) Directors (Excluding Those Who Are Audit & Supervisory
Committee Members)

As the terms of office of all eight (8) incumbent Directors (excluding Directors who are Audit &Supervisory Committee Members; the same shall apply hereinafter in this proposal) will expire at theconclusion of this Annual General Meeting of Shareholders, the election of eight (8) Directors is proposed.
Discussion has been made at the Audit & Supervisory Committee for this proposal, but there were no
particular matters to be stated in this General Meeting according to the provisions of the Companies Act.
In addition, the candidates for Directors have been decided by the Board of Directors upon consultationby the Advisory Committee.
The candidates for Directors are as follows.

No.

Reappointment

1

Current positions, etc.
at the Bank

Name

Yoshifumi Okada

Male

Chairman and Director-

0

Susumu Nagaoka

Male

President and Director(Representative Director)

Chairman, Tokushima
Prefecture Bankers
Association0

Takehisa Fukunaga

Male

Senior Managing Director-

0

Shiro Yamato

Male

Managing Director-

0

Atsunori Miura

Male

Managing Director-0

Hirokazu Nishi

Male

Managing Director-

0

Hiroshi Ishimoto

Male

Director, Managing Executive
Officer
General Manager, Head
Office, General Manager,
Ryogokubashi Branch andGeneral Manager,
Kachidokibashi Branch-0Masahiro Yamashita

MaleManaging Executive Officer
General Manager, Osaka
Branch-0Reappointment

2
Reappointment

3
Reappointment

4
Reappointment

5
Reappointment

6
Reappointment

7

New
appointment

8

Number of
concurrent
Significant concurrent positions
positions at listedcompanies

3

No.

Name
(Date of birth)

Career summary, positions and responsibilities at the Bankand significant concurrent positions

Yoshifumi Okada(September 6, 1956)(64 years old)

April 1979
Joined the Bank
June 1998
General Manager, Kawauchi Branch
February 2000 General Manager, Nishi Osaka Branch
June 2001
General Manager, Credit Division
June 2004
Director, General Manager, Corporate Planning
Division
June 2006
Managing Director
June 2008
President and Director (Representative Director)
April 2017
Chairman and Director (current position)

Male
Reappointment
1

Attendance at theBoard of Directors' [Reason for nomination as a Director candidate]meetings:
Mr. Okada has extensive work experience in the credit and12/12 (100%)
corporate planning divisions in addition to the sales division andNumber of years in is well versed in the business of the Bank. He has been serving
office as Director:
as a Director since 2004, the President and Director since 200817 years(At the conclusion of and the Chairman and Director since 2017 and has properly
this general meeting) executed his duties in these positions. He has been nominated asa candidate for Director as he is expected to continue tocontribute to the management of the Bank drawing on such
experience and knowledge.

4

Number ofshares of the
Bank held

21,743No.

Name(Date of birth)

Susumu Nagaoka(January 12, 1957)(64 years old)Male
Reappointment
2

Attendance at theBoard of Directors'
meetings:
12/12 (100%)Career summary, positions and responsibilities at the Bankand significant concurrent positions
Joined the Bank
General Manager, Edogawa Branch
General Manager, Aizumi Branch
General Manager, General Administration Division
General Manager, Sales Promotion Division
Executive Officer, General Manager, Credit
Division
June 2008
Director, General Manager, Human Resources
Division
June 2010
Director, General Manager, Tokyo Branch
June 2012Managing Director
June 2016
Senior Managing Director
April 2017
President and Director (Representative Director)(current position)(Significant concurrent positions)
Chairman, Tokushima Prefecture Bankers Association

Number ofshares of the
Bank held

April 1980
January 1997
August 2000
June 2002
June 2004
June 2006

Number of years in [Reason for nomination as a Director candidate]
office as Director:
Mr. Nagaoka has extensive work experience in the credit and13 years(At the conclusion of human resources divisions in addition to the sales division and is
this general meeting) well versed in the business of the Bank. He has been serving as a
Director since 2008, a Senior Managing Director since 2016 andthe President and Director since 2017 and has properly executed
his duties in these positions. He has been nominated as a
candidate for Director as he is expected to continue to contributeto the management of the Bank drawing on such experience andknowledge.

512,800No.

Name(Date of birth)

Career summary, positions and responsibilities at the Bankand significant concurrent positions
April 1984
June 2003
June 2005
June 2007

Takehisa
Fukunaga(August 28, 1961)(59 years old)Male
Reappointment
3

Attendance at theBoard of Directors'
meetings:
12/12 (100%)

June 2008
June 2009
June 2010
June 2012
June 2013
June 2014
June 2019

Joined the Bank
General Manager, Itano Branch
General Manager, Sakai Branch
General Manager, Corporate Administration
Division
General Manager, Credit Division
General Manager, Corporate Planning Division
Executive Officer, General Manager, Corporate
Planning Division
Director, General Manager, Corporate Planning
Division and General Manager, Management
Quality Promotion Division
Director, General Manager, Human Resources
DivisionManaging Director
Senior Managing Director (current position)(In charge of Sales Promotion Division)

Number of years in
office as Director: [Reason for nomination as a Director candidate]
9 years
Mr. Fukunaga has extensive work experience in the corporate(At the conclusion of planning and human resources divisions in addition to the sales
this general meeting) division and is well versed in the business of the Bank. He has
been serving as a Director since 2012, a Managing Director
since 2014 and a Senior Managing Director since 2019 and has
properly executed his duties in these positions. He has been
nominated as a candidate for Director as he is expected tocontinue to contribute to the management of the Bank drawing
on such experience and knowledge.

6

Number ofshares of the
Bank held

6,078

No.

Name
(Date of birth)

Shiro Yamato(June 26, 1962)(58 years old)Male
Reappointment
4

Attendance at theBoard of Directors'
meetings:
12/12 (100%)Career summary, positions and responsibilities at the Bankand significant concurrent positions
April 1986
Joined the Bank
February 2004 Section Chief, Human Resources Section, Human
Resources Division
February 2008 General Manager, Wakimachi Branch
June 2010
General Manager, Nishi Osaka Branch
June 2013
Department Manager, Corporate Planning Division
and General Manager, Management Quality
Promotion Division
June 2014
Executive Officer, General Manager, Business
Management Division and General Manager, Value
Project Division
June 2015
Executive Officer, General Manager, Credit
Division
June 2017Managing Executive Officer, General Manager,
Administration Headquarters
June 2018
Director, Managing Executive Officer, General
Manager, Administration Headquarters
June 2020
Managing Director, General Manager,
Administration Headquarters (current position)(In charge of Administration Headquarters(Business Administration Division, Risk
Management Division))

Number of years in
office as Director:
3 years(At the conclusion ofthis general meeting) [Reason for nomination as a Director candidate]
Mr. Yamato has extensive work experience in the humanresources, corporate planning and credit divisions in addition to
the sales division and is well versed in the business of the Bank.
He has been serving as an Executive Officer since 2014, a
Director since 2018 and a Managing Director since 2020 and has
properly executed his duties in these positions. He has been
nominated as a candidate for Director as he is expected tocontinue to contribute to the management of the Bank drawing
on such experience and knowledge.

7

Number ofshares of the
Bank held

2,740

No.

Name
(Date of birth)Atsunori Miura(April 24, 1963)(58 years old)Male
Reappointment
5

Attendance at theBoard of Directors'
meetings:
12/12 (100%)Career summary, positions and responsibilities at the Bankand significant concurrent positions
April 1986
February 2002
February 2005
June 2007
June 2009
June 2012
June 2014
June 2015
June 2016
June 2018
June 2020

Joined the BankManager, Credit Division
General Manager, Edogawa Branch
General Manager, Kitajima Branch
General Manager, Takamatsu Branch
General Manager, Administration Division
General Manager, Anan Branch and General
Manager, Minobayashi Branch
Executive Officer, General Manager, Anan Branchand General Manager, Minobayashi Branch
Executive Officer, General Manager, Osaka Branch
Director, Managing Executive Officer, General
Manager, Osaka BranchManaging Director (current position)(In charge of Securities and International Division)

Number of years in [Reason for nomination as a Director candidate]
Mr. Miura has extensive work experience in the credit andoffice as Director:
administration divisions in addition to the sales division and is
3 years(At the conclusion of well versed in the business of the Bank. He has been serving as
this general meeting) an Executive Officer since 2015, a Director since 2018 and aManaging Director since 2020 and has properly executed his
duties in these positions. He has been nominated as a candidate
for Director as he is expected to continue to contribute to the
management of the Bank drawing on such experience andknowledge.

8

Number ofshares of the
Bank held

2,200

No.

Name
(Date of birth)

Career summary, positions and responsibilities at the Bankand significant concurrent positions
April 1994
June 2009

Hirokazu Nishi(April 27, 1971)(50 years old)Male
Reappointment
6

Attendance at theBoard of Directors'
meetings:
12/12 (100%)

Joined the Bank
General Manager, Management Quality Promotion
Division
August 2011 Section Chief, Planning Section, Corporate
Planning Division
June 2013
General Manager, Yamakawa Branch
February 2015 General Manager, Matsuyama Branch
June 2016
General Manager, Securities and International
Division
June 2017
Executive Officer, General Manager, Business
Management Division and General Manager, Value
Project Division
June 2019
Director, General Manager, Business Management
Division
June 2020
Managing Director (current position)(In charge of Credit Division)

Number ofshares of the
Bank held

Number of years in [Reason for nomination as a Director candidate]
office as Director:
Mr. Nishi has extensive work experience in the corporate
2 years(At the conclusion of planning and securities divisions in addition to the sales division
this general meeting) and is well versed in the business of the Bank. He has been
serving as an Executive Officer since 2017, a Director since2019 and a Managing Director since 2020 and has properly
executed his duties in these positions. He has been nominated asa candidate for Director as he is expected to continue tocontribute to the management of the Bank drawing on such
experience and knowledge.

9

2,700

No.

Name
(Date of birth)

Hiroshi Ishimoto(October 2, 1962)(58 years old)Male
Reappointment
7

Attendance at theBoard of Directors'
meetings:
10/10 (100%)Career summary, positions and responsibilities at the Bankand significant concurrent positions
Joined the Bank
Promotional Manager, Sales Promotion Division
General Manager, Hiwasa Branch
General Manager, Kamata Branch
General Manager, Wakimachi Branch
General Manager, Sales Promotion Division
Executive Officer, General Manager, Osaka BranchManaging Executive Officer, General Manager,
Head Office
December 2019 Managing Executive Officer, General Manager,
Head Office, General Manager, Ryogokubashi
Branch and General Manager, Kachidokibashi
BranchJune 2020
Director, Managing Executive Officer, General
Manager, Head Office, General Manager,
Ryogokubashi Branch and General Manager,
Kachidokibashi Branch (current position)

Number ofshares of the
Bank held

April 1985
February 2003
June 2005
June 2007
June 2010
June 2012
June 2014
June 2016

Number of years in
office as Director: [Reason for nomination as a Director candidate]
1 yearMr. Ishimoto has extensive work experience in the sales(At the conclusion of promotion division in addition to the sales division and otherthis general meeting) divisions, and is well versed in the business of the Bank. He has
been serving as an Executive Officer since 2014, a Managing
Executive Officer since 2016 and a Director since 2020 and has
properly executed his duties in these positions. He has been
nominated as a candidate for Director as he is expected tocontinue to contribute to the management of the Bank drawing
on such experience and knowledge.

10

2,400

No.

Name
(Date of birth)

Masahiro
Yamashita(July 16, 1969)(51 years old)Male

New appointment

8

Attendance at theBoard of Directors'
meetings:-

Career summary, positions and responsibilities at the Bankand significant concurrent positions
April 1992
Joined the Bank
February 2008 Section Chief, Human Resources Section, Human
Resources Division
February 2011 General Manager, Showacho Branch
June 2012
General Manager, Higashi Osaka Branch
June 2014
General Manager, Business Administration
Division
June 2015
Executive Officer, General Manager, Business
Management Division and General Manager, Value
Project Division
June 2017
Executive Officer, General Manager, Risk
Management Division
June 2018
Executive Officer, General Manager, Anan Branchand General Manager, Minobayashi Branch
June 2020
Managing Executive Officer, General Manager,
Osaka Branch (current position)

Number ofshares of the
Bank held

4,300

Number of years in [Reason for nomination as a Director candidate]
Mr. Yamashita has extensive work experience in theoffice as Director:- years
administration, corporate planning and risk management(At the conclusion of divisions in addition to the sales division and is well versed inthis general meeting) the business of the Bank. He has been serving as an Executive
Officer since 2015 and a Managing Executive Officer since 2020and has properly executed his duties in these positions. He has
been nominated as a candidate for Director as he is expected tocontinue to contribute to the management of the Bank drawing
on such experience and knowledge.
(Notes)1. There is no special interest between the Bank and any of the candidates.
2. The Bank has entered into a directors and officers (D&O) liability insurance contract with an insurance company and plansto renew the insurance policy in October 2021. The insurance policy covers the costs of litigation and compensation fordamages, etc. that the insured would bear for damages incurred in litigation brought by companies, third parties orshareholder representatives. Other details are described in the Business Report (available in Japanese only). Candidates
who are reappointed or elected will be included as the insured in the insurance policy.

11

Proposal No. 2: Election of Three (3) Directors Who are Audit & Supervisory Committee Members
As the terms of office of a Director who is an Audit & Supervisory Committee Member Mr. Yasuhiko
Sumitomo will expire, and Mr. Takao Kaide and Mr. Kojiro Araki will resign at the conclusion of thisAnnual General Meeting of Shareholders, the election of three (3) Directors who are Audit & Supervisory
Committee Members are proposed. The Bank has obtained the consent of the Audit & Supervisory
Committee for this proposal. In addition, the candidates for Directors who are Audit & Supervisory
Committee Members have been decided by the Board of Directors upon consultation by the Advisory
Committee.
The candidates for Directors who are Audit & Supervisory Committee Members are as follows.

No.

New appointment

1

Reappointment

2
New appointment

3

Current positions, etc.
at the Bank

Name

Yasuo Onishi

Male

Yasuhiko
Sumitomo

MaleTakeshi Yabe

Male
OutsideIndependent

Vice President andDirector(Representative
Director)
Director(Full-time Audit &Supervisory
Committee
Member)-12

Number ofAreas of expertise of Outside
concurrent
Director
Significant concurrent
positions at
positions
Corporate
Financial
FinanceLegallistedManagement
Accounting
companies
-

0

-

-

-

-

-

0

-

-

-

-

President, Nissay
Information
Technology Co.,
Ltd.

0

●

●

-

-

No.

Name
(Date of birth)
Yasuo Onishi(September 23, 1955)(65 years old)Male
New appointment
Attendance at theBoard of Directors'
meetings:
12/12 (100%)

1Career summary, positions and responsibilities at the Bankand significant concurrent positions

Number ofshares of the
Bank held

April 1979
Joined the Bank
February 1999 General Manager, Itano Branch
August 2000 General Manager, Okayama Branch
February 2002 General Manager, Sales Promotion Division
June 2004
Director, General Manager, Human Resources
Division
June 2006
Managing Director
June 2014
Senior Managing Director (Representative
Director)
April 2017
Vice President and Director (Representative
Director) (current position)(In charge of Business Management Division)

Attendance at the
Audit & Supervisory
Committee meetings:[Reason for nomination as a Director candidate]

Mr. Onishi has extensive work experience in the sales promotion
and human resources divisions in addition to the sales divisionand is well versed in the business of the Bank. He has been
serving as a Director since 2004, a Senior Managing Director
since 2014 and the Vice President and Director since 2017 andNumber of years in has properly executed his duties in these positions. He has been
office as Director who nominated as a candidate for Director who is an Audit &is an Audit &Supervisory Committee Member as he is expected to be capable
Supervisory
Committee Member: of properly performing management supervision functions as an
Audit & Supervisory Committee Member drawing on such
- years(At the conclusion of experience and knowledge.
this general meeting)Number of years in
office as Director:
17 years(At the conclusion ofthis general meeting)

13

5,600

No.

Name
(Date of birth)
Yasuhiko
Sumitomo(April 25, 1961)(60 years old)Male
Reappointment
Attendance at theBoard of Directors'
meetings:
12/12 (100%)

2

Attendance at the
Audit & Supervisory
Committee meetings:
14/14 (100%)Career summary, positions and responsibilities at the Bankand significant concurrent positions
Joined the Bank
Section Chief, Loan Planning Section, Credit
Division
November 2002 General Manager, Edogawa Branch
February 2005 Deputy General Manager, Sales Promotion
Division
June 2007
General Manager, Nishi Osaka Branch
June 2010
General Manager, Credit Division
June 2012
General Manager, Takamatsu Branch
June 2015
General Manager, Business Administration
Division
June 2017
General Manager, Internal Audit Division
June 2019
Director who is an Audit & Supervisory Committee
Member (current position)

Number ofshares of the
Bank held

April 1985
August 2000

[Reason for nomination as a Director candidate]
Mr. Sumitomo has extensive work experience in the credit,
administration and general affairs divisions in addition to thesales division and is well versed in the business of the Bank. In
addition, he has been serving as a Director who is an Audit &Supervisory Committee Member since 2019 and has properly
Number of years in
office as Director who executed his duties in these positions. He has been nominated asa candidate for Director who is an Audit & Supervisory
is an Audit &Supervisory
Committee Member as he is expected to be capable of properly
Committee Member: performing management supervision functions as an Audit &2 years(At the conclusion of Supervisory Committee Member drawing on such experience
this general meeting) and knowledge.
Number of years in
office as Director:
2 years(At the conclusion ofthis general meeting)

14

3,500

No.

Name
(Date of birth)

Career summary, positions and responsibilities at the Bankand significant concurrent positions
April 1984
March 2005

Takeshi Yabe
(May 1, 1959)(62 years old)Male
New appointment
OutsideIndependent
Attendance at theBoard of Directors'
meetings:-

3

Attendance at the
Audit & Supervisory
Committee meetings:-

Joined Nippon Life Insurance Company
General Manager, Planning and Research Dept.,
Nippon Life Insurance Company
May 2007General Manager, Planning and Development
Headquarters, Nissay Information Technology Co.,Ltd.
September 2008 Deputy Chief (New Integration Promotion Dept.),
Nippon Life Insurance Company
March 2011
Executive Officer, General Manager, New
Integration Promotion Dept., Deputy Chief(Corporate Planning Dept.) and Earthquake
Reconstruction Office, Nippon Life Insurance
Company
March 2015
Managing Executive Officer, General Manager,
Customer Service Headquarters, Nippon Life
Insurance Company
July 2015
Director, Managing Executive Officer, General
Manager, Customer Service Headquarters, Nippon
Life Insurance Company
March 2018
Director, Senior Managing Executive Officer,
Nippon Life Insurance Company
March 2019
Director, Nippon Life Insurance Company
March 2019
President, Nissay Information Technology Co., Ltd.
(current position)
July 2019
Retired as Director, Nippon Life Insurance Company

Number ofshares of the
Bank held0

Number of years in
office as Director:- years(At the conclusion ofthis general meeting) [Reason for nomination as an Outside Director candidate and the
Number of years in outline of expected roles as an Outside Direcror]
office as Director who Mr. Yabe has experience and a wealth of insight into overall
is an Audit &management, which he gained as President of Nissay
Supervisory
Information Technology Co., Ltd. as well as his extensive
Committee Member: experience in financial institutions. He has been nominated as a
- years(At the conclusion of candidate for Outside Director who is an Audit & Supervisory
this general meeting) Committee Member as he is expected to be capable of properly
performing management supervision functions from an
independent perspective drawing on such experience andknowledge. In addition, as a member of the Advisory
Committee, he is expected to get involved in the committee andprovide appropriate advice on matters related to nomination,compensation, and other areas.

(Notes)1. There is no special interest between the Bank and any of the candidates.
2. Mr. Takeshi Yabe is a candidate for Outside Director.
3. Currently, the Bank has registered Mr. Hiroshi Sonoki, Mr. Akira Yonebayashi, Mr. Hiroshi Fujii and Ms. Seiko Noda as
Independent Officers with the Tokyo Stock Exchange, Inc. (TSE), and plans to designate Mr. Takeshi Yabe as an
Independent Officer if this proposal is approved.
4. The current Articles of Incorporation of the Bank provides that the Bank may enter into a liability limitation agreementwith each of the non-Executive Directors, etc. pursuant to Article 427, Paragraph 1 of the Companies Act. Under theprovision, the Bank has entered into a liability limitation agreement with Mr. Yasuhiko Sumitomo. If he is reappointed, theagreement with him will be continued. If election of Mr. Yasuo Onishi and Mr. Takeshi Yabe is approved, the Company
plans to enter into the same liability limitation agreement with them. The maximum amount of the liability under suchagreement shall be the maximum amount stipulated by laws and regulations.
5. The Bank has entered into a directors and officers (D&O) liability insurance contract with an insurance company and plansto renew the insurance policy in October 2021. The insurance policy covers the costs of litigation and compensation fordamages, etc. that the insured would bear for damages incurred in litigation brought by companies, third parties orshareholder representatives. Other details are described in the Business Report (available in Japanese only). Candidates
who are reappointed or elected will be included as the insured in the insurance policy.

15