[Unofficial Translation][Unofficial Translation]

September 29, 2020

Dai-ichi Life to make a personnel change
The Dai-ichi Life Insurance Company, Limited (President: Seiji Inagaki) hereby announces thefollowing personnel change.

Changes of Titles (as of October 1, 2020)
As of Octover 1, 2020
Current title
Managing Executive Officer

Managing Executive Officer,

Name
Yasuhiro Miyata

Chief General Manager,
Kansai Market
Managing Executive Officer,

Managing Executive Officer

Chief General Manager,
Kansai Market

1Yoshitaka Okumura

[Unofficial Translation]

Directors, Audit and Supervisory Board Members and Executive Officers as of June 17, 2020
Title

NameDirector, Chairman of the Board

Koichiro Watanabe

Representative Director, President

Seiji Inagaki

Representative Director, Senior Managing Executive Officer

Masamitsu Nambu

Director, Managing Executive Officer

Hideo Hatanaka

Director, Managing Executive Officer

Hiroshi Shoji

Director, Managing Executive Officer

Tetsuya Kikuta

Director, Managing Executive Officer

Munehiro Uryu

Director, Managing Executive Officer

Ichiro Okamoto

Director, Managing Executive Officer

Mamoru Akashi

Director, Managing Executive Officer

Kyoichi Saito

Director, Managing Executive Officer

Hiroyuki Kanou

DirectorMorinobu NagahamaDirectorKeisuke Yokoo

DirectorHaruo Funabashi

Audit and Supervisory Board Member(Full-Time)

Masahiro Takashima

Audit and Supervisory Board Member(Full-Time)

Yoshifumi Wakayama

Audit and Supervisory Board Member

Takehiko Nagasaki

Audit and Supervisory Board Member

Sanae Tanaka

Audit and Supervisory Board Member

Iwao TakaManaging Executive Officer

Katsuhisa Watanabe

Managing Executive Officer

Kimihiro SatoManaging Executive Officer

Chieko Takahashi

Managing Executive Officer

Mitsunori Moriguchi

Managing Executive Officer

Yasuhiro Miyata

Managing Executive Officer

Hideki Higuchi

Managing Executive Officer

Yasutaka Shimokawa

Managing Executive Officer

Hisashi Takada

Managing Executive Officer

Kozo Kita

Managing Executive Officer

Yasumasa Iwai

Managing Executive Officer

Yoshitaka Okumura

Managing Executive Officer

Tomohiko Asano

Executive Officer

Sumie Watanabe

Executive Officer

Ryuichi Yamamoto

Executive Officer

Shoji Yamanaka

Executive Officer

Tsuyoshi Kawamoto

Executive Officer

Masahiro Akashi

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[Unofficial Translation]
Title

Name

Executive Officer

Tatsuya Hayakawa

Executive Officer

Toshimitsu Miyauchi

Executive Officer

Hiroyuki Miyoshi

Executive Officer

Kazuyuki Shigemoto

Executive Officer

Kyoichi Haida

Executive Officer

Mitsuhiro UeharaExecutive Officer

Takahito Shibuya

Executive Officer

Shoji Takeuchi

Executive Officer

Takako Kitahori

Executive Officer

Takashi Iida3

[Unofficial Translation]

Responsibilities of and delegation to Executive Officers as of October 1, 2020
Name and Title

Responsibilities (“Supervising” or “In charge of”)

M asamitsu Nambu

In charge ofDelegation

Secretarial Dept., Affiliated Business M anagement(Representative

Dept., Human Resources Dept., Sales OfficeDirector, senior

M anager Training Dept.

M anaging ExecutiveOfficer)
Hideo Hatanaka

In charge ofInternal Audit Dept.

Supervising

Investment Administration Dept.

In charge ofProfit M anagement Dept., Actuarial Dept., Credit(Director, M anaging
Executive Officer)
Hiroshi Shoji(Director, M anaging
Executive Officer)
Tetsuya Kikuta(Director, M anaging

Dept.
Supervising

Corporate and Structured Finance Dept.

In charge of

Separate Account M anagement Dept., Investment

Executive Officer)
M unehiro Uryu
(Director, M anaging

Planning Dept., Real Estate Investment Dept.
Supervising

Regulatory Affairs Dept.

In charge of

Dai-ichi's Social Responsibility Promotion Dept.,

Executive Officer)
Ichiro Okamoto

Corporate Planning Dept., Public Relations Dept．
In charge of(Director, M anaging

Chief General M anager,
Corporate Planning andGovernment Relations

Compliance Control Dept., Risk M anagement Dept.,
Corporate Service Dept., Legal Dept.

Executive Officer)
M amoru Akashi

Supervising

Communication Design Dept.

In charge ofM arketing Strategy Dept.

SupervisingGroup Life Insurance Business Dept., Group Pension

General M anager,(Director, M anaging

Business Dept., Group Pension Service Dept.,

Wholesale M anagement

Executive Officer)

Corporate Relations Dept. No.1, No.2, No.3, No.4,Dept.

(Director, M anaging
Executive Officer)
Kyoichi Saito

No.5, No.6, No.7, and No.8, Dispersed Sector
Relations Dept., Public Sector Relations Dept.,
M etropolitan Corporate Relations Dept. No.1, No.2,and No.3, Kanagawa Sales Bureau, Hokkaido SalesBureau, East Japan Corporate Relations Dept., WestJapan Sales Bureau, Chubu Corporate Relations
Dept., Osaka Corporate Relations Dept., Kyoto/Kobe
Corporate Relations Dept.
In charge ofWholesale M anagement Dept., International
Corporate Relations Dept., Financial Institution
Relations Dept.

Hiroyuki Kanou

Supervising

Financial Planning and Consulting Dept., Customer(Director, M anaging

Service Dept., M etropolitan Sales M anagementExecutive Officer)

Dept., East Japan Sales M anagement Dept., WestJapan Sales M anagement Dept., Chubu Sales
M anagement Dept., Kansai Sales M anagement Dept.

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[Unofficial Translation]
Name and Title

Responsibilities (“Supervising” or “In charge of”)
In charge ofDelegation

Customer First Promotion Dept., M ulti Brand Sales
Promotion Dept., Retail M anagement Dept., Sales
Force Planning Dept., Sales Personnel Dept.,
Workplace Sales Force Promotion Dept., Contact
Center Control Dept.

Katsuhisa Watanabe

In charge of

Chubu Sales M anagement Dept., Chubu Corporate

Chief General M anager,Relations Dept.

Chubu M arket

M etropolitan Sales M anagement Dept., M etropolitan

Chief General M anager,(M anaging Executive

Corporate Relations Dept. No.1, No.2, and No.3,

M etropolitan M arketOfficer)

Kanagawa Sales Bureau(M anaging ExecutiveOfficer)
Kimihiro Sato

Chieko Takahashi

In charge ofIn charge of(M anaging Executive

Group Life Insurance Business Dept., Public Sector

General M anager, Public

Relations Dept.

Sector Relations Dept.

Officer)
M itsunori M origuchi

In charge of(M anaging Executive

Corporate Relations Dept. No.5, No.6, No.7, andNo.8, Dispersed Sector Relations Dept.

Officer)
Hideki Higuchi

In charge of

East Japan Sales M anagement Dept., East Japan

Chief General M anager,

Corporate Relations Dept.

Eastern M arket II

East Japan Sales M anagement Dept. (joint oversightChief General M anager,(M anaging Executive

with M r. Higuchi), Hokkaido Sales Bureau, East

Eastern M arket IOfficer)

Japan Corporate Relations Dept. (joint oversight with(M anaging ExecutiveOfficer)
Yasutaka Shimokawa

In charge of

M r. Higuchi)
Hisashi Takada

In charge of(M anaging Executive

Corporate Relations Dept. No.1, No.2, No.3 andNo.4Officer)
Kozo Kita

In charge of(M anaging Executive

Agency M anagement Dept., Agency Sales Dept.
No.1, and No.2Officer)
Yasumasa Iwai

In charge of

Innovation Strategy Dept., IT Business Process

General M anager,(M anaging Executive

Planning Dept.(the matters regarding Data

Innovation Strategy Dept.

Officer)

M anagement Center, joint oversight with M r.
Kawamoto)

Yoshitaka Okumura

Kansai Sales M anagement Dept., Osaka Corporate

Chief General M anager,(M anaging Executive

Relations Dept., Kyoto/Kobe Corporate Relations

Kansai M arketOfficer)Dept.

Tomohiko Asano

In charge ofIn charge ofInternational Subsidiary M anagement Dept.

In charge of

Human Resources Dept. (the matters regarding(M anaging ExecutiveOfficer)
Sumie Watanabe(Executive Officer)

Diversity and Inclusion, joint oversight with M r.
Nambu), Financial Planning and Consulting Dept.,
Customer Service Dept.

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Name and Title

Responsibilities (“Supervising” or “In charge of”)

Ryuichi Yamamoto

In charge of(Executive Officer)
Shoji Yamanaka

Corporate and Structured Finance Dept., Investment
Administration Dept.

In charge ofGeneral M anager,(Executive Officer)
Tsuyoshi Kawamoto

Delegation

Chiba Branch Office
In charge of

IT Business Process Planning Dept.

In charge ofWest Japan Sales M anagement Dept., West Japan

Chief General M anager,

Sales Bureau

Western M arket IIWest Japan Sales M anagement Dept., West Japan

Chief General M anager,

Sales Bureau(joint oversight with M r. Akashi above

Western M arket I(Executive Officer)
M asahiro Akashi(Executive Officer)
Tatsuya Hayakawa

In charge of(Executive Officer)

mentioned 2 divisions)
Toshimitsu M iyauchi

In charge ofGeneral M anager,(Executive Officer)
Hiroyuki M iyoshi

Nagoya Branch Office
In charge ofGeneral M anager,(Executive Officer)
Kazuyuki Shigemoto

Kobe Branch Office
In charge of(Executive Officer)

Fixed Income Investment Dept., Global Fixed

Chief General M anager,

Income Investment Dept., Equity Investment Dept.,

Investment

Alternative Investment Dept., Responsible
Investment Dept.
Kyoichi Haida

In charge of(Executive Officer)
M itsuhiro Uehara

Business Process Planning Dept., Underwriting andM edical Dept., Policy Service Dept., Claims Dept.

In charge of(Executive Officer)

M etropolitan Sales M anagement Dept., M etropolitan

Deputy Chief GeneralCorporate Relations Dept. No.1, No.2, and No.3,

M anager, M etropolitan

Kanagawa Sales Bureau(joint oversight with M r.

M arketSato above mentioned 5 divisions)Takahito Shibuya

In charge of(Executive Officer)

Shoji Takeuchi

In charge of

Product Development and M anagement Dept.,

General M anager, Total

Investment Trust Service Dept., Total Life PlanningLife Planning and Salesand Sales Training Dept.

Training Dept.

Regulatory Affairs Dept.

General M anager,(Executive Officer)
Takako Kitahori

Regulatory Affairs Dept.
In charge ofCommunication Design Dept.

(Executive Officer)General M anager,Communication Design
Dept.

Takashi Iida

In charge of(Executive Officer)

Investment Trust Service Dept. (joint oversight withGeneral M anager,M r. Shibuya), Group Pension Business Dept., GroupGroup Pension Business

Pension Service Dept., Separate AccountDept.

M anagement Dept. (joint oversight with M r. Kikuta)
Note: 1. “Supervising” means that the Executive Officers provide advice or guidance for the other Executive Officers who arein charge of their departments from a total perspective, and support the President.
2. Executive Officers are in charge of parts of branch office’s business in accordance with their responsibilities.
3. M r. Watanabe, Chief General M anager of Chubu M arket, concurrently serves as General M anager of Chubu
Operations Bureau.
4. M r. Okumura, Chief General M anager of Kansai M arket, concurrently serves as General M anager of Kansai

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[Unofficial Translation]
Operations Bureau.
5. M r. Higuchi is in charge of the Kanto, Tokai and Hokushinetsu area as Chief General M anager of Eastern M arket II.
6. M r. Shimokawa is in charge of Hokkaido and Tohoku area as Chief General M anager of Eastern M arket I.
7. M r. Akashi is in charge of Kyusyu area as Chief General M anager of Western M arket II.
8. M r. Hayakawa is in charge of Chugoku and Shikoku area as Chief General M anager of Eastern M arket I.
9. M r. Uehara assist Chief General M anager, M etropolitan M arket as Deputy Chief General M anager, M etropolitan
M arketInvestor Contact:
Investor Relations Center
Corporate Planning Department+81 50 3780 6930
This press release may contain statements that are “forward-looking statements” regarding our intent,
belief or current expectations of management with respect to our future results of operations and financialcondition. Any such forward-looking statements are not historical facts but instead represent only ourbelief regarding future events, many of which, by their nature, are inherently uncertain and outside ourcontrol. Important factors that could cause actual results to differ from those in specific forward-looking
statements include, without limitation, economic and market conditions, consumer sentiment, politicalevents, level and volatility of interest rates, currency exchange rates, security valuations and competitiveconditions. Forward-looking statements are not guarantees of future performance and involve risks anduncertainties, and actual results may differ.

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