May 27, 2021
To whom it may concern:
Name of Company:

Suruga Bank, Ltd.

Name of Representative: Director and President: Kosuke Saga
(Code No. 8358 First Section of Tokyo
Stock Exchange)
Contact Person:

Senior Executive Officer General Managerof General Management Planning

Headquarters:

Tatsuya Akita(TEL 03-3279-5536)

Notice of the Appointment of Directors
Suruga Bank, Ltd. ("the Company") hereby announces that its Board of Directors
has resolved at a meeting held today to tentatively submit the following candidates
for consideration for the position of Director as part of an agenda item for the 210thOrdinary General Meeting of Shareholders, to be held on June 29, 2021.
Following administrative action taken against the Company by the Financial
Services Agency in October 2018, Suruga Bank has been working to restore customer
trust and strengthen governance based on the business improvement planannounced in November of the same year. As part of this effort, the Company
established the Compliance System Restructuring Committee in November 2018, acommittee driven by outside members. Having reached a certain point in thedevelopment of our compliance system, Suruga Bank transitioned to a system
whereby it autonomously operates the Compliance Committee as of March 31, 2021.
In business performance, the Company has achieved a certain level of success inpromoting sales and structural reforms in line with its Re:Start 2025 mid-termbusiness plan, launched in FY2019, with consolidated net income of 21.4 billion yen
for the fiscal year ended March 31, 2021.
In light of the above, starting in the current fiscal year, the Company's
management structure has been designed to promote not only strengthening
governance and compliance systems, but also rebuilding the Company's earnings
base through retail banking, with an even greater sense of speed and in line with themid-term business plan.

Note
1． Candidates for Director (Excluding Directors who are Audit and Supervisory
Committee Members)(To be proposed at the 210th Annual General Meeting of Shareholders to be held on
June 29, 2021)
Name

New position

KosukeRepresentative Director

Sagaand President

KosukeRepresentative Director

Katoand Vice President

TomoakiTsutsumi
TomokiToya
Yugo
Minemura
Yoriyuki
KusakiCurrent position

New orreappointed

No change

Reappointed

No change

Reappointed

Managing Director

No change

ReappointedDirectorNo change

Reappointed

Director

No change

Reappointed

Outside Director

Outside Director

Reappointed(Note) Mr. Yoriyuki Kusaki is a candidate for the position of Outside Director asprescribed in Article 2, Item 15 of the Companies Act who also meets thecriteria for the independence of Outside Directors of the Company.

2.

Candidates for Director and Audit and Supervisory Committee Member
NameKazumasa
ItakuraNew position
Director
Audit and Supervisory
Committee Member
Outside Director

Emi Noge

Audit and Supervisory
Committee Member

Yoichi
Namekata

Outside Director
Audit and Supervisory
Committee Member

Current position

New orreappointedExecutive Officer
General Manager ofNew

Shizuoka

appointment

Community Bank
Outside Director
Audit andSupervisory

Reappointed

Committee Member
Outside Director
Audit andSupervisory
Committee Member

Reappointed

Yasumine
SatakeOutside Director

Outside Director
Audit andAudit and Supervisory
Committee Member－Supervisory
Committee Member(Note) The Company is to propose the appointment of Kazumasa Itakura, Emi
Noge, and Yoichi Namekata at the 210th Annual General Meeting ofShareholders scheduled to be held on June 29, 2021.
(Note) Ms. Emi Noge and Mr. Yoichi Namekata are candidates for Outside
Director as prescribed in Article 2, Item 15 of the Companies Act who also
meet the criteria for the independence of Outside Directors of the Company.
(Note) Mr. Yasumine Satake is a Director who is an Audit and Supervisory
Committee Member and took office in this role at the 209th Annual General
Meeting of Shareholders held on June 26, 2020. He is a candidate for
Outside Director as prescribed in Article 2, Item 15 of the Companies Act
who also meets the criteria for the independence of Outside Directors of theCompany.

3.

Retiring Directors(To retire at the end of the 210th Annual General Meeting of Shareholders to be heldon June 29, 2021)Name

Current position

Michio Arikuni

Director and Chairman

Hiroshi Nojima
Kiyoto Matsuda

Outside Director and ViceChairman
Outside Director
Outside Director and Audit

Tetsuya Ohnoand Supervisory Committee
Member(End of document)(Appendix)
New Director Candidate: Abridged Work History
Name

Kazumasa Itakura

Date of Birth

October 24, 1964
Apr. 1988

Joined Suruga Bank

Apr. 2002

General Manager of Dream Plaza Kohoku
CenterOct. 2002

General Manager of Nagoya Housing Loan
CenterAug. 2003

Promoter, Metropolitan Area Community, SalesDivision

Apr. 2004

General Manager of Fujisawa Housing LoanCenterOct. 2006

Department

Abridged WorkHistory

General Manager of Credit No. 2, Credit

Apr. 2011

General Manager of Kakegawa Branch

Apr. 2015

General Manager overseeing Credit No. 2 andNo. 3, Credit Department

Apr. 2017

General Manager of Credit No. 2 Tokyo,General Manager of Credit No. 2 CH, Credit
Department

Jun. 2017

Deputy General Manager of Business
Operations Center

Apr. 2018

General Manager of Yaizu BranchOct. 2018

Executive Officer, General Manager ofShizuoka Community Bank, Sales Division(End of document)