November 19, 2020
Name of Listed Company:

MS&AD Insurance Group Holdings, Inc.

Name of Representative:

Noriyuki Hara, President & CEO(Securities Code: 8725, Tokyo Stock Exchange and Nagoya Stock Exchange)

Contact:

Corporate Communications and Investor Relations Dept.
http://www.ms-ad-hd.com/en/ir/contact.html

Notice Regarding Early Redemption and Issuance of Domestic SubordinatedUnsecured Bonds by Mitsui Sumitomo Insurance Company, Limited
MS&AD Insurance Group Holdings, Inc.(hereinafter, “the company”) announces that its consolidated subsidiary,
Mitsui Sumitomo Insurance Company, Limited (hereinafter,”MSI”, President; Noriyuki Hara) has resolved toredeem its domestic subordinated unsecured bonds issued on February 10, 2016 prior to the maturity date at theboard of directors meeting held on November 18, 2020 as below. The company and MSI have also adopted acomprehensive resolution regarding the issuance of domestic subordinated unsecured bonds, and hereby notify
the summary thereof in the below.

1. Overview of Early Redemption(1) Bonds to be redeemed
Mitsui Sumitomo Insurance Company, Limited first series ofprior to the maturity datedomestic subordinated unsecured bond with interest deferrable
option and early redeemable option(2) Total amount of¥ 100 billion
early redemption(3) Early redemption dateFebruary 10, 2021

2. Overview of Comprehensive Resolution regarding the Issuance(1) Issuer
Mitsui Sumitomo Insurance Company, Limited(2) Type of bonds

Domestic Subordinated Unsecured Bonds(3) Total amount of issuance

Maximum of ¥120 billion
It does not prevent multiple issues below the amount.

(4) Issuance period

From January 1, 2021 to March 31, 2021
However, if the offering is made during this period, it shall be
included in the time of issue.
Within 60 years.
60-year bonds that may be voluntarily redeemed after the passageof 10 years
Initial 10-years period : 1.5% or less
After 10th year: the rate of 5-year Japanese government bond plus
2.5% or less(5) Maturity date(6) Interest rate(7) Issue price¥ 99 or more per amount of ¥100 of each bond(8) Redemption method

The Bonds will be redeemed in full at maturity. However, theBonds may be redeemed by purchase and the attachment ofadvanced redemption provisions is possible.
Semi-annually, deferred payment(9) Method of interest payment

(10) Collateral and guarantees(11) Use of funds(12) Application of Law
Concerning Book-Entry
Transfer of CorporateBonds, etc.

No collateral or guarantee will be provided.
Working capital, funds for repayment of bonds and borrowings
and long-term investment funds
The provisions of the Law Concerning Book-Entry Transfer ofCorporate Bonds, Stocks, etc. (Law No.75, 2001) shall apply to allof the bonds issued based on this resolution.

Note that a concrete issue date, maturity date, interest rate, issue price, etc. will be determined in thefuture.
- End-

This timely disclosure entitled “Notice Regarding Early Redemption and Issuance of Domestic SubordinatedUnsecured Bonds by Mitsui Sumitomo Insurance Company, Limited” has been prepared for the sole purposeof publicly announcing the issuance of securities by Mitsui Sumitomo Insurance Company, Limited, and not
for the purpose of soliciting investment or engaging in any other similar activities within or outside Japan.
The above securities have not been and will not be registered under the United States Securities Act of 1933(the “Securities Act”)., and the securities may not be offered and or sold in the United States absent
registration or an applicable exemption from the registration under the Securities Act. There is no plan tooffer or sell the securities in the United States.