[Unofficial Translation]

February 22, 2023
Seiji Inagaki
Representative Director, President
The Dai-ichi Life Insurance Company, Limited

Dai-ichi Life Insurance Announces Changes of Officers
The Dai-ichi Life Insurance Company, Limited (President: Seiji Inagaki) hereby announces thechanges of officers effective April 1, 2023.

1
The Dai-ichi Life Insurance Company, Limited

1. New Appointments of Directors (effective April 1, 2023)
Name
New Title
Representative Director, President

Toshiaki Sumino*Director

Tetsuya Kikuta* As announced in the release dated 16 December 2022, ' Change of Chairman of the Board andPresident at Dai-ichi Life Insurance Company, Ltd.
2. Changes of Titles (effective April 1, 2023)
Current Title
New Title

NameDirector, Senior Managing Executive

Representative Director, Senior

Masamitsu Nambu

OfficerManaging Executive Officer

Representative Director, SeniorDirector, Managing Executive

Managing Executive Officer

Officer

Senior Managing Executive Officer

Managing Executive Officer

Chief General Manager, Corporate

Chief General Manager,

Relations

Metropolitan Market

Managing Executive Officer

Managing Executive Officer

Chief General Manager,

Chief General Manager, Eastern

Metropolitan Market

Market IManaging Executive Officer

Managing Executive Officer

Masahiro Akashi

Executive Officer

Takahito Shibuya

Managing Executive Officer

Executive Officer

Ken Yamaguchi

General Manager, Individual

General Manager, WholesaleProtection Business Dept.

Management Dept.

Executive Officer

Executive Officer

Hiroyuki Kanou

Katsuhisa Watanabe

Yasutaka Shimokawa

Chief General Manager, Eastern
Market I
Managing Executive Officer
Chief General Manager, Western
Market I

Atsuko Ochiai

General Manager, Claims Dept.
Executive Officer

Satoshi Takemoto

Executive Officer
General Manager, Legal Dept.

Executive Officer

Yasuyuki Watanabe

Executive Officer
General Manager, Group Pension
Business Dept.

2
The Dai-ichi Life Insurance Company, Limited

3. Retiring Officers (effective March 31, 2023)
Name
Current Title
Managing Executive Officer

Kozo Kita

Managing Executive Officer

Yasumasa Iwai

Remarks
Yasumasa Iwai will be appointed as an
Representative Director, Vice Presidentof The Corporate-pension Business
Service Co., Ltd. on April 1, 2023.

Managing Executive Officer

Tatsuya Hayakawa

Tatsuya Hayakawa will be appointed as

Chief General Manager, Western

an Representative Director, President ofMarket IThe Alpha-Consulting Co., Ltd. onApril 1, 2023.

4. New Appointments of Executive Officers (effective April 1, 2023)
Name
New Title
Managing Executive Officer

Hitoshi Yamaguchi

Executive Officer

Takehiko Eguchi

Executive Officer

Hideyuki Ohashi

Executive Officer

Shigeki Ikegami

General Manager, Chiba Branch Office
Executive Officer

Makoto Hishida

Executive Officer

Shinichiro Kaneko

Executive Officer

Masaki Eto* Refer to pages 9 for the reasons for the new appointments and pages 11 for their biographies.

3The Dai-ichi Life Insurance Company, Limited

Directors, Audit and Supervisory Board Members and Executive Officers as of April 1, 2023
Title
Name
Representative Director, Chair of the Board

Seiji Inagaki

Representative Director, President

Toshiaki Sumino

Representative Director, Senior Managing Executive Officer

Hiroyuki Kanou

Director, Senior Managing Executive Officer

Masamitsu Nambu

Director, Managing Executive Officer

Kyoichi Saito

Director, Managing Executive Officer

Hisashi Takada

Director, Managing Executive Officer

Kyoichi Haida

Director, Managing Executive Officer

Shoji Takeuchi

Director, Managing Executive Officer

Takako Kitahori

Director, Managing Executive Officer

Takashi Iida

Director

Tetsuya Kikuta

Outside Director

Keisuke Yokoo

Outside Director

Takehiko Nakao

Outside Director

Naomi Ushio

Audit and Supervisory Board Member(Full-Time)

Masahiro Takashima

Audit and Supervisory Board Member(Full-Time)

Yoshifumi Wakayama

Outside Audit and Supervisory Board Member

Takehiko Nagasaki

Outside Audit and Supervisory Board Member

Sanae Tanaka

Outside Audit and Supervisory Board Member

Iwao Taka

Senior Managing Executive Officer

Katsuhisa Watanabe

Managing Executive Officer

Chieko Takahashi

Managing Executive Officer

Yasutaka Shimokawa

Managing Executive Officer

Yoshitaka Okumura

Managing Executive Officer

Masahiro Akashi

Managing Executive Officer

Hiroyuki Miyoshi

Managing Executive Officer

Kazuyuki Shigemoto

Managing Executive OfficerMitsuhiro Uehara

Managing Executive Officer

Takahito Shibuya

Managing Executive Officer

Hitoshi Yamaguchi

Managing Executive Officer

Ken Yamaguchi

Executive Officer

Miki Kashizaki

Executive Officer

Atsuko Ochiai

Executive Officer

Toshikazu Takayama

Executive Officer

Shinichi Suzuki

Executive Officer

Masahito Suyama

Executive Officer

Ken Mikami

Executive Officer

Takehiko Eguchi
4
The Dai-ichi Life Insurance Company, Limited

TitleName

Executive Officer

Kazuhiro Osawa

Executive Officer

Hideyuki Ohashi

Executive Officer

Jun Kuroda

Executive Officer

Satoshi Takemoto

Executive Officer

Yasuyuki WatanabeExecutive Officer

Shigeki Ikegami

Executive Officer

Makoto Hishida

Executive Officer

Shinichiro Kaneko

Executive Officer

Masaki Eto5The Dai-ichi Life Insurance Company, Limited

Responsibilities and Delegation of Employees Duties, etc. as of April 1, 2023
Name and Title

Responsibilities

Delegation, etc. (*)

Toshiaki Sumino

Chief General Manager, Quality Improvement Headquarters（Representative
Director, President）
Hiroyuki Kanou

Customer First Promotion Dept., Retail Management Dept., Sales(RepresentativeForce Planning Dept., Workplace Sales Force Promotion Dept.

Director, SeniorManaging ExecutiveOfficer)
Masamitsu Nambu

Human Resources Dept., Sales Personnel Dept., Sales Office Manager(Director, Senior

Training Dept.

Managing ExecutiveOfficer)
Kyoichi Saito

Internal Audit Dept.

(Director, Managing
Executive Officer)
Hisashi Takada

Profit Management Dept., Actuarial Dept., Credit Dept.

(Director, Managing
Executive Officer)
Kyoichi Haida

Business Process Planning Dept., Customer Service Dept., Contact(Director, Managing

Center Control Dept.

Executive Officer)
Shoji Takeuchi

Corporate Communication Dept., Corporate Planning Dept.,

Chief General Manager,(Director, Managing

Regulatory Affairs Dept., Healthcare Task Force,

Corporate Planning andExecutive Officer)

The matters regarding Quality Improvement Headquarters

Regulatory Affairs

Takako Kitahori

The matters regarding specific assignments(Director, Managing
Executive Officer)
Takashi Iida

Separate Account Management Dept. (the matters regarding Separate(Director, Managing

Account Investment Center), Investment Planning Dept., Investment

Executive Officer)

Administration Dept.

Katsuhisa WatanabeGroup Life Insurance Business Dept., Wholesale Management Dept.,

Chief General Manager,(Senior Managing

Corporate Employees Retail Promotion Dept., Corporate Relations

Corporate Relations

Executive Officer)

Dept. No.3, and No.4, Financial Institution Relations Dept.

Chieko Takahashi

Corporate Relations Dept. No.1, No.2, No.5, No.6, No.7,and No.8

(Managing ExecutiveOfficer)
Yasutaka Shimokawa

Metropolitan Sales Management Dept., Metropolitan Corporate

Chief General Manager,(Managing Executive

Relations Dept. No.1, No.2, and No.3, Kanagawa Sales Bureau

Metropolitan MarketOfficer)

6
The Dai-ichi Life Insurance Company, Limited

Name and Title

Responsibilities

Delegation, etc. (*)

Yoshitaka Okumura

Kansai Sales Management Dept., Osaka Corporate Relations Dept.,

Chief General Manager,(Managing Executive

Kyoto/Kobe Corporate Relations Dept.

Kansai Market

Masahiro Akashi

East Japan Sales Management Dept., Hokkaido Sales Bureau, East

Chief General Manager,(Managing Executive

Japan Corporate Relations Dept.

Eastern Market I

West Japan Sales Management Dept., West Japan Sales Bureau

Chief General Manager,Officer)

Officer)
Hiroyuki Miyoshi(Managing Executive

Western Market IIOfficer)
Kazuyuki Shigemoto

Fixed Income Investment Dept., Global Fixed Income Investment

Chief General Manager,(Managing Executive

Dept., Equity Investment Dept., Alternative Investment Dept.,

Investment

Officer)

Responsible Investment Dept.

Mitsuhiro Uehara

Chubu Sales Management Dept., Chubu Corporate Relations Dept.

(Managing Executive

Chief General Manager,Chubu MarketOfficer)
Takahito Shibuya

West Japan Sales Management Dept., West Japan Sales Bureau

Chief General Manager,(Managing Executive(joint oversight with Mr. Miyoshi above mentioned 2 divisions)Western Market IOfficer)
Hitoshi YamaguchiInternational Subsidiary Management Dept.

(Managing ExecutiveOfficer)
Ken Yamaguchi

Individual Protection Business Dept., Total Life Planning and Sales

General Manager,(Managing Executive

Training Dept.

Individual ProtectionOfficer)

Business Dept.

Miki Kashizaki

International Corporate Relations Dept., Dispersed Sector Relations

General Manager,(Executive Officer)

Dept., Public Sector Relations Dept.

Public Sector Relations
Dept.

Atsuko Ochiai

Underwriting and Medical Dept., Policy Service Dept., Claims Dept.

(Executive Officer)

Toshikazu Takayama

General Manager,(Executive Officer)

Osaka-Kita BranchOffice

Shinichi Suzuki

General Manager,(Executive Officer)

Okayama Branch Office

Masahito Suyama

General Manager,(Executive Officer)

Fukuoka Branch Office

Ken Mikami

East Japan Sales Management Dept., East Japan Corporate Relations

Chief General Manager,(Executive Officer)

Dept.

Eastern Market II(joint oversight with Mr. Akashi above mentioned 2 divisions)

7
The Dai-ichi Life Insurance Company, LimitedName and Title

Responsibilities

Delegation, etc. (*)

Takehiko Eguchi

IT Business Process Planning Dept. (the matters regarding Data

(Executive Officer)

Management Center, Data Analytics Center and Data Strategy Center),
DX Strategy Dept., Communication Design Dept.,the matters regarding CX Design Strategy

Kazuhiro Osawa

Metropolitan Corporate Relations Dept. No.1, No.2, and No.3,(Executive Officer)

Kanagawa Sales Bureau(joint oversight with Mr. Shimokawa above mentioned 4 divisions)

Hideyuki Ohashi

Risk Management Dept.

(Executive Officer)

Jun Kuroda

IT Business Process Planning Dept. (except for the matters regarding

General Manager,(Executive Officer)

Data Management Center, Data Analytics Center and Data Strategy

IT Business ProcessCenter)

Planning Dept.

Satoshi Takemoto

Compliance Control Dept., Legal Dept.

(Executive Officer)

Yasuyuki Watanabe

Retirement, Savings and Asset Succession Business Dept.,(Executive Officer)

Group Pension Business Dept., Defined Contribution Pension andInvestment Trust Promotion Dept., Group Pension Service Dept.,
Separate Account Management Dept. (except for the matters regarding
Separate Account Investment Center)

Shigeki Ikegami

General Manager,(Executive Officer)

Chiba Branch OfficeMakoto Hishida

Secretarial Dept., Corporate Service Dept.

(Executive Officer)

Shinichiro Kaneko

Corporate and Structured Finance Dept., Real Estate Investment Dept.

(Executive Officer)

Masaki Eto

Multi Brand Sales Promotion Dept., Financial Planning and Consulting(Executive Officer)

Dept., Agency Management Dept., Agency Sales Dept. No.1 and No.2

Note: 1. Executive Officers are in charge of parts of branch office’s business in accordance with their responsibilities.
2. Mr. Okumura, Chief General Manager of Kansai Market, concurrently serves as General Manager of Kansai
Operations Bureau.
3. Mr. Akashi is in charge of Hokkaido and Tohoku area as Chief General Manager of Eastern Market I.
4. Mr. Miyoshi is in charge of Kyusyu area as Chief General Manager of Western Market II.
5. Mr. Uehara, Chief General Manager of Chubu Market, concurrently serves as General Manager of Chubu Operations
Bureau.
6. Mr. Shibuya is in charge of Chugoku and Shikoku area as Chief General Manager of Western Market I.
7. Mr. Mikami is in charge of the Kanto, Tokai and Hokushinetsu area as Chief General Manager of Eastern Market II.

8The Dai-ichi Life Insurance Company, LimitedReasons for appointment

Name

Reasons

Takehiko Eguchi

He has been mainly engaged in new business development and businessincubation mechanisms mainly for start-ups and large companies, and has
experience as a founder and CEO of a start-up company. Currently, as an
executive officer of Dai-ichi Life Holdings, he demonstrates strong teammanagement skills in new business development and innovation promotion,leads various DX-related projects, and has the knowledge and experience to
execute his duties as an executive officer of the Company accurately, fairly,and efficiently.

Hideyuki Ohashi

He has been mainly engaged in the asset management and international life
insurance business fields. As general manager of the OCEAN LIFE insurancein Thailand, he led this company's reforms to restore its business performance,
and achieved cooperation as a group amidst diverse stakeholders. Currently,
as an executive officer in charge of risk management at Dai-ichi LifeHoldings, he is demonstrating his ability to upgrade the company's risk
management system in response to changes in the business environment,
including increased social demands and new regulations, and has theknowledge and experience to execute his duties as an executive officer of theCompany accurately, fairly, and efficiently.

Shigeki Ikegami

He has been mainly engaged in the retail sector. He has served as generalmanager in six branches, he has experienced a wide range of operations in theretail sector, including an Education Dept. (currently the Total Life Planningand Sales Training Dept.) and the Sales Personnel Dept., and steadily has
improved management quality by implementing branch DSR management
through extensive sales experience. He has the knowledge and experience toexecute his duties as an executive officer of the Company accurately, fairly,and efficiently.

Makoto Hishida

He has been mainly engaged in the retail sector and planning management. As
general manager of Corporate Service Unit of Dai-ichi Life Holdings, heaccurately promoted important issues in the company's business operations,such as the operation of shareholders' meetings and business officemanagement. He is currently leading the transformation and upgrading ofcorporate governance of the Company and Dai-ichi Life Holdings, including
the operation of the Board of Directors. He has the knowledge and experienceto execute his duties as an executive officer of the Company accurately, fairly,and efficiently.

9The Dai-ichi Life Insurance Company, Limited

NameReasons

Shinichiro Kaneko

He has been mainly engaged in the asset management field. As a core
member of the Real Estate Investment Dept., he has demonstrated a high levelof expertise and contributed to new investment and development as well as
the advancement of the real estate asset management business over the years.
Currently, in addition to leading the expansion of the real estate business as
general manager of Real Estate Investment Dept., he has promoted initiatives ofhigh social significance, such as eliminating waiting lists for children byattracting childcare centers to company-owned real estate and establishing
ESG fund projects. He has the knowledge and experience to execute his duties
as an executive officer of the Company accurately, fairly, and efficiently.

Masaki Eto

He has been mainly engaged in the retail sector and planning management. In
Corporate Planning Dept., he has contributed greatly to the strengthening ofcorporate governance by completing at a high level the transition to a holding
company structure and a company with an audit committee, and theaccompanying development of company regulations, as well as the operationof the Board of Directors and Management Committee. Based on hisabundant experience, he currently has been leading the reform of the sales
staff system to reform the sales culture as general manager of the Sales Force
Planning Dept. He has the knowledge and experience to execute his duties as
an executive officer of the Company accurately, fairly, and efficiently.

10The Dai-ichi Life Insurance Company, Limited

Biographies of Newly Appointed Executive Officers
NameTakehiko Eguchi
Date of BirthJune 10, 1966

Education

March 1990

Graduated from Nagoya University,
Faculty of Engineering

Career History

April 1990

Joined Yamaichi Securities Co., Ltd.

December 2005

Softbank Group Corp.

November 2012

General Manager, Business Development Division,
KONICA MINOLTA, INC.

March 2018

General Manager, Digital Venture Office,Sompo Holdings, Inc.

April 2020

Assistant General Manager, Healthcare Business DevelopmentDivision

April 2021

General Manager, Innovation Strategy Unit
Dai-ichi Life Holdings, Inc.

April 2022

Executive Officer,
General Manager, Innovation Strategy Unit

Name

Hideyuki Ohashi

Date of BirthAugust 10, 1968

Education

March 1992

Graduated from Hitotsubashi University,
Faculty of Economics

Career History

April 1992

Joined The Dai-ichi Mutual Life Insurance Company

April 2013

Deputy General Manager, International Life Insurance Business
Dept.,The Dai-ichi Life Insurance Company, Limited

April 2015

General Manager status, Ocean Life Insurance (Thailand)

April 2019

General Manager, Risk Management Unit
Dai-ichi Life Holdings, Inc.

April 2022

Executive Officer,
General Manager, Risk Management Unit

11
The Dai-ichi Life Insurance Company, Limited

NameShigeki Ikegami

Date of Birth

April 13, 1964

Education

March 1987

Graduated from Sophia University,
Faculty of Economics

Career History

April 1987

Joined The Dai-ichi Mutual Life Insurance Company

September 2007 General Manager, Kumagaya Branch Office
April 2010

General Manager, Funabashi Branch Office,
The Dai-ichi Life Insurance Company, Limited*

April 2013

General Manager, Kagoshima Branch Office

April 2015

General Manager, Douou Branch Office

October 2016

General Manager, Douou Branch Office,
The Dai-ichi Life Insurance Company, Limited*

April 2017

General Manager, Niigata Branch Office

April 2019

Senior General Manager, Niigata Branch Office

April 2021

Senior General Manager, Chiba Branch Office* Due to the shift to a holding company structure on October 1, 2016, The Dai-ichi Life Insurance
Company, Limited until September 30, 2016 and that from October 1, 2016 are different companies
NameMakoto Hishida

Date of BirthAugust 6, 1966

EducationMarch 1991

Graduated from Waseda University,
Faculty of Commerce

Career History

April 1991

Joined The Dai-ichi Mutual Life Insurance Company

April 2013

Deputy General Manager, Corporate Service Dept.,
The Dai-ichi Life Insurance Company, Limited*

April 2014

Deputy General Manager, Underwriting and Medical Dept.

April 2016

General Manager, Corporate Service Dept.

October 2016

General Manager, Corporate Service Dept.,
The Dai-ichi Life Insurance Company, Limited*April 2018

General Manager, Secretarial Dept.

* Due to the shift to a holding company structure on October 1, 2016, The Dai-ichi Life Insurance
Company, Limited until September 30, 2016 and that from October 1, 2016 are different companies

12
The Dai-ichi Life Insurance Company, Limited

NameShinichiro Kaneko

Date of BirthFebruary 26, 1971

Education

March 1994

Graduated from Keio University,
Faculty of Commerce

Career History

April 1994

Joined The Dai-ichi Mutual Life Insurance CompanyApril 2015

Deputy General Manager, Real Estate Investment Dept.,
The Dai-ichi Life Insurance Company, Limited*

October 2016

Deputy General Manager, Real Estate Investment Dept.,
The Dai-ichi Life Insurance Company, Limited*

April 2021

General Manager, Real Estate Investment Dept

* Due to the shift to a holding company structure on October 1, 2016, The Dai-ichi Life Insurance
Company, Limited until September 30, 2016 and that from October 1, 2016 are different companies
Name

Masaki Eto

Date of BirthMarch 22, 1973

Education

March 1995

Graduated from Osaka University,
Faculty of Engineering Science

Career History

April 1995

Joined The Dai-ichi Mutual Life Insurance Company

April 2016

Deputy General Manager, Corporate Planning Dept.,
The Dai-ichi Life Insurance Company, Limited*October 2016

Deputy General Manager, Corporate Planning Dept.,
The Dai-ichi Life Insurance Company, Limited*April 2017

General Manager, Sales Personnel Dept.

April 2020

General Manager, Sales Force Planning Dept.

* Due to the shift to a holding company structure on October 1, 2016, The Dai-ichi Life Insurance
Company, Limited until September 30, 2016 and that from October 1, 2016 are different companies

13
The Dai-ichi Life Insurance Company, Limited