July 20, 2021

Investment in Climate Resilience Bond Issued by European Bank for Reconstruction and Development- Supporting Initiatives Aimed at Developing Infrastructure Which Is Highly Adaptable to Climate Changeand Conserving Ecological systems The Dai-ichi Life Insurance Company, Limited (the “Company”; President and Representative Director: Seiji Inagaki)
is pleased to announce that it has purchased the entire amount of a climate resilience bond (a total of approx. JYP 13.2billion) issued by the European Bank for Reconstruction and Development (“EBRD”). This is the first climate resiliencebond that the EBRD has issued to a Japanese institutional investor.
As a universal owner that manages assets of about JPY 38 trillion sourced from insurance premiums of customers
throughout Japan, the Company has been promoting ESG (environment, social, and corporate governance) investmentswith a focus on quality of life, regional revitalization, and climate change, and has actively been investing in bonds
focusing on SDGs (sustainable development goals) such as those issued by multilateral development banks and others
as indicated below.

1This bond, which is directed to the purpose of funding projects such as the development of robust infrastructure able toadapt even to intensifying climate change, conforms to both the Green Bond Principles of the International CapitalMarket Association (ICMA) and the Climate Resilience Principles (CRP) issued by the Climate Bonds Initiative (CBI).
The proceeds raised from this bond will be used toward ecological systems’ conservation projects, which ameliorate
negative effects on the ecosystem by means of coastal construction resistant to abnormal weather events such as rises
in sea level and flooding, and the restoration of waters that have become polluted by flood damage accompanying
climate change.
Through its investment in this bond, the Company will financially support the EBRD's initiatives to create a societythat is highly resilient to the effects of climate change. As a responsible institutional investor, the Company willcontinue to actively engage in ESG investment to contribute to realizing a sustainable society as well as to improve
its investment return through sophisticated and diverse investment methods.

<<Reference>> Examples of Investment in SDG-Focused Bonds Issued by Multilateral Development BanksIssuer
European Bank for

Name of Bond

Release dateURL

Microfinance BondDec 7, 2015

https://www.dai-ichilife.co.jp/english/news_release/2015/pdf/index_028.pdf

Health Bond

Mar 13, 2018https://www.dai-ichilife.co.jp/english/news_release/2017/pdf/index_020.pdf

Environmental Sustainability BondJun 26, 2019

Inclusive Business BondDec 15, 2014

https://www.dai-ichilife.co.jp/english/news_release/2019/pdf/index_005.pdf
https://www.dai-ichilife.co.jp/english/news_release/2014/pdf/index_028.pdf

Green BondJun 26, 2019https://www.dai-ichilife.co.jp/english/news_release/2019/pdf/index_006.pdfSustainable Development Bond

Jul 30, 2019

Sustainable Development Bond

Nov 28, 2019https://www.dai-ichilife.co.jp/english/news_release/2019/pdf/index_010.pdf
https://www.dai-ichilife.co.jp/english/news_release/2019/pdf/index_019.pdf

Sustainable Development Bond

May 1, 2020

https://www.dai-ichilife.co.jp/english/news_release/2020/pdf/index_002.pdf

Children’s Bond

Mar 4, 2021

EYE Bond

Jul 13, 2015

https://www.dai-ichilife.co.jp/english/news_release/2020/pdf/index_026.pdf
https://www.dai-ichilife.co.jp/english/news_release/2015/pdf/index_015.pdf

Reconstruction andDevelopment (EBRD)International FinanceCorporation (IFC)
International Bank for
Reconstruction andDevelopment (IBRD)

Inter-American
Development Bank(IADB)

2

African Development

Nov 1, 2016

Light Up and Power Africa BondSep 28, 2017

Health Bond

Mar 29, 2017https://www.dai-ichilife.co.jp/english/news_release/2016/pdf/index_028.pdf

Gender Bond

Nov 27, 2017

Health BondApr 22, 2020

https://www.dai-ichilife.co.jp/english/news_release/2017/pdf/index_015.pdf
https://www.dai-ichilife.co.jp/english/news_release/2020/pdf/index_001.pdf

Health BondFeb 1 , 2021

https://www.dai-ichilife.co.jp/english/news_release/2020/pdf/index_018.pdf

Education BondFeb 9, 2021

Vaccine Bond

Jul 18, 2019https://www.dai-ichilife.co.jp/english/news_release/2020/pdf/index_019.pdf
https://www.dai-ichilife.co.jp/english/news_release/2019/pdf/index_009.pdf

Vaccine BondJun 29, 2020

Bank (AfDB)Asian Development
Bank (ADB)

International Finance
Facility for
Immunisation (IFFIm)

https://www.dai-ichilife.co.jp/english/news_release/2016/pdf/index_022.pdf
https://www.dai-ichilife.co.jp/english/news_release/2017/pdf/index_009.pdf

Feed Africa Bondhttps://www.dai-ichilife.co.jp/english/news_release/2020/pdf/index_007.pdf[Outline of the Bond]
IssuerEuropean Bank for Reconstruction and Development (S&P Rating: AAA, Moody's Rating: Aaa)

Issuance Amount

AUD 160 million (Approx. JPY 13.2 billion)

Maturities

15 years3