ＤＤNEWSRELEASE
September 6, 2023
Ryosuke Mori, President
LIFENET INSURANCE COMPANY(Securities Code: 7157, TSE Growth)

Notice of Determination of Issue Price and Selling Price andOther Matters
TOKYO, September 6, 2023 – LIFENET INSURANCE COMPANY (TSE Growth 7157,President Ryosuke Mori; URL: https://ir.lifenet-seimei.co.jp/en/; hereafter, the “Company”)
announces that, it has determined the issue price and the selling price and other matters as set
forth below in relation to the issuance of new shares by way of public offering and third-party
allotment and secondary offering of shares of the Company, which were resolved by the Boardof Directors of the Company on August 30, 2023.
1. Issuance of New Shares by way of Public Offering (public offering)
(1)
(2)
(3)
(4)
(5)
(6)
Notes:Class and Number ofShares to be Offered
Issue Price(Offer Price) (Note)
Aggregate Issue
Price
Amount to be Paid(Note)
Total Amount to bePaid
Payment Date

3,902,900 shares of common stock of the Company

954 yen per share
3,723,366,600 yen
914.64 yen per share
3,569,748,456 yen
September 14, 2023 (Thursday)The underwriter shall purchase for sale the shares at the amount to be paid and offer
them at the issue price (the offer price).

2. Issuance of New Shares by way of Third-Party Allotment that Sets au Financial Holdings
Corporation and Sumitomo Mitsui Card Company, Limited as Allottees
(1)
(2)
(3)
(4)

Class and Number ofShares to be Offered
Amount to be Paid

5,940,100 shares of common stock of the Company
954 yen per share

Total Amount to bePaid
Payment Date

5,666,855,400 yen
September 14, 2023 (Thursday)

Note: This press release has been prepared for the purpose of announcing to the public certain matters relating to theissuance of new shares by way of public offering and third-party allotment and secondary offering of shares of theCompany, and not for the purpose of soliciting investment or engaging in any other similar activities within or outside
Japan. Investors bear full responsibility for their investment decisions and should review the prospectus, including
any amendments thereto, prepared by the Company in relation to the investment in shares in the Company. In
addition, this press release does not constitute an offer or sale of securities in the United States. The securities may
not be offered or sold in the United States absent registration or an exemption from registration under the UnitedStates Securities Act of 1933, as amended. The securities referred to above will not be publicly offered or sold in
the United States. It is prohibited to distribute this press release in the United States.

Copyright© LIFENET INSURANCE COMPANY All rights reserved

1

ＤＤ
NEWS
RELEASE
3. Secondary Offering of Shares by way of Purchase and Underwriting by the Underwriters
(1)
(2)
(3)
(4)
(5)
(6)
Note:

Class and Number ofShares to be SoldSelling Price(Note)
Total Amount of theSelling Price
Underwriting Value(Note)
Total Amount of theUnderwriting Value

477,500 shares of common stock of the Company

954 yen per share
455,535,000 yen
914.64 yen per share
436,740,600 yen

Delivery Date

September 15, 2023 (Friday)

The underwriter shall purchase for sale the shares at the underwriting value and offer
them at the selling price.

4. Secondary Offering of Shares by way of Overallotment
(1)
(2)
(3)
(4)

Class and Number ofShares to be Sold
Selling Price

657,000 shares of common stock of the Company

954 yen per share

Total Amount of the
Selling Price
Delivery Date

626,778,000 yen
September 15, 2023 (Friday)

5. Issuance of New Shares by way of Third-Party Allotment that Sets the Lead Manager as anAllottee
(1)
(2)
(3)
(4)

Class and Number ofShares to be Offered
Amount to be Paid
Total Amount to bePaid
Payment Date

657,000 shares of common stock of the Company
914.64 yen per share(Maximum) 600,918,480 yen
September 27, 2023 (Wednesday)

Contact:
Investor Relations, Corporate Planning Department
Tel: +81-3-5216-7900
e-mail: ir@lifenet-seimei.co.jp
Disclaimer: This is a summarized translation/version of the original Japanese document, prepared and provided
solely for readers' convenience. In case of any discrepancy or dispute, the Japanese document prevails.
Note: This press release has been prepared for the purpose of announcing to the public certain matters relating to theissuance of new shares by way of public offering and third-party allotment and secondary offering of shares of theCompany, and not for the purpose of soliciting investment or engaging in any other similar activities within or outside
Japan. Investors bear full responsibility for their investment decisions and should review the prospectus, including
any amendments thereto, prepared by the Company in relation to the investment in shares in the Company. Inaddition, this press release does not constitute an offer or sale of securities in the United States. The securities may
not be offered or sold in the United States absent registration or an exemption from registration under the UnitedStates Securities Act of 1933, as amended. The securities referred to above will not be publicly offered or sold in
the United States. It is prohibited to distribute this press release in the United States.

Copyright© LIFENET INSURANCE COMPANY All rights reserved2