NEWS RELEASE
August 31, 2021
Ryosuke Mori, President
LIFENET INSURANCE COMPANY(Securities Code: 7157, TSE Mothers)

Notice of Issuance of New Shares
TOKYO, August 31, 2021 – LIFENET INSURANCE COMPANY (TSE Mothers 7157, President
Ryosuke Mori; URL: https://ir.lifenet-seimei.co.jp/en/; hereafter, the “Company”) announces that,at the meeting of the Board of Directors held on August 31, 2021, the Company resolved to issue
new shares of the Company in an international offering (hereinafter, the “Issuance of New Sharesby way of Offering”) as follows, for the purpose of realising the growth aimed for by the Company
in the future.
1. Issuance of New Shares by way of Offering(1)

Class and Number of

9,000,000 new shares of common stock of the Company

Shares to be Offered

which are the sum of (i) and (ii) below.
(i)

8,200,000 new shares of common stock of theCompany to be purchased by the Managers.

(ii)

A maximum of 800,000 additionally-issued shares ofcommon stock of the Company which may bepurchased pursuant to an option to purchase to begranted to the Managers.

(2)

Method ofThe amount to be paid will be determined on a date falling in

Determination of thethe period from September 8, 2021 (Wednesday) toAmount to be Paid

September 10, 2021 (Friday) (the “Pricing Date”) by aprocess equivalent to the book-building process provided
under Article 25 of the Regulations Concerning Underwriting,etc. of Securities provided by the Japan Securities Dealers
Association (“JSDA”).

(3)

Method of Offering

The Issuance of New Shares by way of Offering will be madeoutside Japan, mainly in Europe and Asia (excluding theUnited States). The Company will grant the Managers anoption to purchase the additionally-issued shares set forth in(1)(ii) above.
The issue price (offer price) with regard to the Issuance of
New Shares by way of Offering will be determined based on
the provisional range calculated by multiplying the closing
price of regular trading of the common stock of the Company
on the Tokyo Stock Exchange on the Pricing Date (or, if noclosing price is quoted on that date, the closing price of theNote: This press release has been prepared for the purpose of announcing to the public certain matters relating to theissuance of new shares of the Company in an international offering, and not for the purpose of soliciting investment
or engaging in any other similar activities within or outside Japan. In addition, this press release does not constitutean 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 United States 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 reserved1

NEWS RELEASE
immediately preceding date) by 0.90 – 1.00 (with any fraction
less than one yen being rounded down), by a processequivalent to the book-building process provided under
Article 25 of the Regulations Concerning Underwriting, etc.
of Securities provided by JSDA, taking into account market
demand and other conditions.
(4)Payment Date

September 15, 2021 (Wednesday)(5)

Delivery Date

September 16, 2021 (Thursday)(6)

Subscription Unit

100 shares(7)

The amount to be paid, the amount of increase in capital stock and capital reserve,
the issue price (offer price) and any other matters necessary for the Issuance of New
Shares by way of Offering shall be determined at the discretion of Ryosuke Mori,President and Representative Director.
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 of the Company in an international offering, and not for the purpose of soliciting investment
or engaging in any other similar activities within or outside Japan. In addition, this press release does not constitutean 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 United States 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 StatesCopyright© LIFENET INSURANCE COMPANY All rights reserved2