The transition to a holding company structure described in this press release involve securities of a Japanesecompany. The offer is subject to disclosure requirements of Japan that are different from those of the UnitedStates. Financial information included in this document, if any, was excerpted from financial statements preparedin accordance with foreign accounting standards that may not be comparable to the financial statements of UnitedStates companies.
It may be difficult for you to enforce your rights and any claim you may have arising under the U.S. federal
securities laws, since the issuer is located in Japan and some or all of its officers and directors reside outside ofthe United States. You may not be able to sue a Japanese company or its officers or directors in a Japanese court
for violations of the U.S. securities laws. It may be difficult to compel a Japanese company and its affiliates tosubject themselves to a U.S. court’s judgment. You should be aware that the issuer may purchase securities
otherwise than in connection with the transition to a holding company structure, such as in the open market or
through privately negotiated purchases.
This document has been translated from the Japanese-language original for reference purposes only. In the eventof any conflict or discrepancy between this document and the Japanese-language original, the Japanese-language
original shall prevail in all respects.

November 12, 2021
To Whom It May Concern:
Company name:

The Iyo Bank, Ltd.

Representative name:Kenji Miyoshi, President(Stock code 8385 on the First Sectionof the Tokyo Stock Exchange)

Contact:

Mitsuhiro Hayashi
General Manager,
General Planning Division(TEL +81-(0)89-907-1034)

Notice Regarding Start of Consideration of Transition to Holding Company Structure
The Iyo Bank, Ltd. (President: Kenji Miyoshi; the “Bank”) hereby announces that it resolved at its board of directors
meeting held today to start examining the transition to a holding company structure on the assumption that the Bank
is able to obtain the approval of the general meeting of shareholders and the necessary approvals, etc. of the relevant
authorities.
1.

Background to Transition to a Holding Company Structure
In establishing a corporate credo that clarifies the corporate mission and basic corporate management policies,and the attitude and actions to realize those, the Bank has defined “creating a bright and prosperous future for theregion” as the meaning of its existence and “offering the best service and being worthy of people’s trust” as its
fundamental management stance, with “rendering our best service with gratitude in our hearts” as a code ofconduct for accomplishing these.
Based on this corporate credo, the Bank believes in the importance of earning the unwavering trust of its
shareholders, customers, local residents, and employees, fulfilling its social responsibilities as a regional bank,and contributing to the local economy while striving to improve corporate value and ensure a more soundmanagement.
In April of this year, the Bank started its Fiscal 2021 Medium-Term Management Plan in collaboration with groupcompanies, setting a long-term vision to become “a corporate group that continues to create and provide newvalue.” Under this Medium-Term Management Plan, by further deepening and evolving the “Digital-HumanDigital model”* it has been pursuing and adapting to changes in the business environment while working as agroup to transform its business model, the Bank will strive to solve the issues facing local communities andcustomers as it aims for sustainable growth of the group and improvement of corporate value.
To further accelerate these initiatives and promote and enhance solutions for local communities and customers,
the Bank will transition to a new form of group management as a holding company structure, aiming to realize
the long-term vision across the entire group.
2.

Schedule and Method of Transition to a Holding Company Structure
Going forward, on the assumption that the approval of the general meeting of shareholders and the necessary
approvals, etc. of the relevant authorities can be obtained, the Bank will proceed to examine transition to a holding
company structure by October 2022.
Notice on details regarding the timing, method, etc. of the transition to a holding company structure will be given
once they are decided.

End*

Focusing on customer service by utilizing digital technology to expand points of contact with customers and thoroughly streamline
administrative procedures.