August 24, 2022

Impact Investment in JEPLAN, INC.
- Contributing to a Sustainable Society through PET Chemical Recycling Technologies The Dai-ichi Life Insurance Company, Limited (the “Company”; President and Representative Director: SeijiInagaki) has invested JPY 500 million in JEPLAN, INC. (“JEPLAN”; CEO & Co-FOUNDER: Masaki Takao), acompany that uses proprietary recycling technologies to promote the circulation of PET bottles and other resources.
This impact investment1 is a part of the Company’s ESG investments.

JEPLAN is a Japanese start-up that aims to use its proprietary chemical recycling BRING Technology™ toachieve horizontal bottle-to-bottle2 recycling of PET bottles, and so promote the circulation of resources.

JEPLAN’s proprietary recycling technology chemically depolymerizes and removes the impurities frompolyethylene terephthalate, the raw material used to make PET bottles and polyester fibers. The technology
enables the production of recycled PET of the same quality as petroleum-derived PET, and allows even dirty
PET bottles, which have traditionally proven difficult to recycle horizontally, to be recycled with no loss ofquality. Going forward, the company is planning to reduce production costs through low-cost material
procurement and increased scales of production.

JEPLAN is the only company in the world to have successfully commercialized a horizontal PET bottle recycling
process that utilizes chemical recycling technologies; by expanding the use of its technologies in Japan andoverseas, the company expects to contribute both to the growth of environmentally friendly resource circulation,and to the realization of a sustainable society

The stages of recycling PET resin, from the initial PET flakes (far left) to the final PET bottle (far right)

Recycled PET resin[Social Impact]
Reducing plastic
waste and CO2emissions

Reducing waste plastic and CO2 emissions generated by its combustion
through the promotion of chemical recycling technologies

1

Impact investment is an investment activity where an investor makes investment decisions with the intent to gain investment returns and generate social
impact (e.g., structural change in society).
2
Bottle-to-bottle recycling is the process of recycling PET bottles to create new PET bottles

1

The Company expects enough returns from its investment in JEPLAN; it will also provide financial support for andcontinually monitor JEPLAN’s initiatives, which it is hoped will have a positive impact on society by reducing both
plastic waste and CO2 emissions.
As a responsible institutional investor, the Company will continue to actively engage in ESG investment to realize asustainable society as well as to improve its investment returns through sophisticated and diverse investment methods.

Masaki Takao, CEO & Co-FOUNDER of JEPLAN, INC., provided the following comments:
Societies are seeking solutions to climate change and are increasingly adopting circular
economies, which enable the coexistence of financial activities and the global environment.
Against such a backdrop, we are extremely grateful that you endorse and have decided toinvest in our business. At JEPLAN, we have a vision to “BRING everyone into a circular
economy.” We are involved in all aspects of the supply chain, and we are working topromote manufacturing that incorporates our proprietary chemical recycling BRING
Technology™, and to develop our BRING Technology™ licensing business. Goingforward, we intend to dedicate ourselves to accelerating the use of our chemical recycling
technologies in resource circulation both in Japan and overseas.

[Company Profile]
Trade NameJEPLAN, INC.

Head Office12-2 Ogimachi, Kawasaki-ku, Kawasaki City, Kanagawa

Representative

CEO & Co-FOUNDER Masaki Takao

EstablishedJanuary 2007

Business

Recycling and related businesses of PET bottles and clothing using its PET chemical recycling

Description

BRING Technology™; sales of clothing that contain recycled materials

2Dai-ichi Life's Impact Investment History (Last 3 years)
Headline

Release Date

Dai-ichi Life to Impact Invest in Modulus Discovery, Inc.
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- Extending Healthy Life Expectancy through Development and Provision of NextGeneration Cancer Immunotherapy Investment in Climate Infrastructure Fund for Emerging Countries- Contributing to Resolving Climate Change Challenges Through Joint
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- Contributing to Sustainable Development through Offering an Electric PowerService to Off-Grid Communities in Africa Impact Investment in READYFOR INC.
- Achieving a Society that Overflows with Heartfelt Support through Vitalization ofthe Donation and Subsidy Market Impact Investment in Clean Energy Connect- Accelerating uptake of renewable energy by expanding off-site corporate PPAs -3

May 13, 2020

Jan. 4, 2021

Feb. 15, 2021

Mar. 1, 2021

Mar. 22, 2021

Jul. 8, 2021

Jul. 30, 2021

Sep. 29, 2021

June. 10, 2022

Jul. 13, 2022

Aug. 1.2022

URL
https://www.dai-ichilife.co.jp/english/news_release/2020/pd
f/index_003.pdf
https://www.dai-ichilife.co.jp/english/news_release/2020/pd
f/index_017.pdf
https://www.dai-ichilife.co.jp/english/news_release/2020/pd
f/index_021.pdf
https://www.dai-ichilife.co.jp/english/news_release/2020/pd
f/index_024.pdf
https://www.dai-ichilife.co.jp/english/news_release/2020/pd
f/index_028.pdf
https://www.dai-ichilife.co.jp/english/news_release/2021/pd
f/index_003.pdf
https://www.dai-ichilife.co.jp/english/news_release/2021/pd
f/index_005.pdf
https://www.dai-ichilife.co.jp/english/news_release/2021/pd
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https://www.dai-ichilife.co.jp/english/news_release/2022/pd
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https://www.dai-ichilife.co.jp/english/news_release/2022/pd
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https://www.dai-ichilife.co.jp/english/news_release/2022/pd
f/index_006.pdf