ＤＤNEWSRELEASE

November 24, 2023
Ryosuke Mori, President
LIFENET INSURANCE COMPANY(Securities Code: 7157, TSE Growth)

Notice of Change in the Major Shareholder
TOKYO, November 24, 2023 - LIFENET INSURANCE COMPANY (TSE Growth 7157,President Ryosuke Mori, URL: https://ir.lifenet-seimei.co.jp/en/) hereby announces a change inthe major shareholder as of November 16, 2023.
1. Background for the change
The Company confirmed a change of major shareholder after the submission of an
Amendment to the Bulk Shareholding Report to the Director-General of the Kanto Local
Finance Bureau by the following shareholder on November 24, 2023.
2. Overview of the shareholders subject to the change(1) Company NameOasis Management Company Ltd.
Maples Corporate Services Limited, PO Box309, Ugland House,(2) Location

Grand Cayman, KY1-1104, Cayman Islands(3) Representative

Phillip Meyer, General Counsel(4) Business Description

Client and fund asset management

3. Number of voting rights (number of shares) held by the shareholder concerned andits ratio to the voting rights held by all shareholders before and after the change

Before change(As of June 7, 2023)

Attribution

Number of voting rights*1(Number of shares held*2)

Ratio of voting rights
held *3－67,683(6,768,300)

9.71%

Major shareholder

106,149(10,614,900)

13.22%

After change(As of November 16,2023)*1 The number of voting rights is based on the number of shares held which was described in theAmendments to the Bulk Shareholding Report submitted by the shareholder concerned as of June 14,2023 for the shares before the change and as of November 24, 2023 for the shares after the change,respectively.
*2 As the above information is based on the Amendment to the Bulk Shareholding Report submitted by theshareholder concerned, the number of actual shares held under the name of the shareholder concerned
cannot be confirmed by the Company. In addition, the ranking among major shareholders is not listed in
the above table because the Company cannot confirm the ranking.
*3 The ratio to the voting rights held by all shareholders before the change is calculated based on 697,262
voting rights, which is the total number of voting rights as of March 31, 2023, and is rounded to thesecond decimal place. The ratio to the voting rights held by all shareholders after the change iscalculated based on 802,682 voting rights, which is the total number of voting rights as of September
30, 2023, and is rounded to the second decimal place.

Copyright© LIFENET INSURANCE COMPANY All rights reserved.

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ＤＤ
NEWS
RELEASE

4. Future Prospects
There are no particular matters to be stated regarding the future outlook, as this matter isbased on the Amendment to the Bulk Shareholding Report.

About LIFENET URL： https://ir.lifenet-seimei.co.jp/en/
Remembering the original purpose of life insurance - mutual support - LIFENET INSURANCECOMPANY was founded with the goal of offering simple, convenient and competitively priced
products and services based on the highest levels of business integrity. We sell these products
and services directly to customers over the Internet. We aim to be the leading company driving
the growth of the online life insurance market.
Contact:
Tel:e-mail:Investor Relations, Corporate Planning Department+81-3-5216-7900
ir@lifenet-seimei.co.jp

Disclaimer: This is a summarized translation of the original Japanese document, prepared and providedsolely for readers' convenience. In case of any discrepancy or dispute, the Japanese document prevails.

Copyright© LIFENET INSURANCE COMPANY All rights reserved.

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