ＤＤNEWSRELEASE

May 19, 2022
Ryosuke Mori, President
LIFENET INSURANCE COMPANY(Securities Code: 7157, TSE Growth)

Notice of Change in the Major Shareholder
TOKYO, May 19, 2022 - LIFENET INSURANCE COMPANY (TSE Growth 7157, President
Ryosuke Mori, URL: https://ir.lifenet-seimei.co.jp/en/) hereby announces a change in the major
shareholder as of May 12, 2022.
1. Background for the change
The Company confirmed a change of major shareholder after the submission of a Report ofPossession of Large Volume (Change Report) to the Kanto Local Finance Bureau by thefollowing shareholder on May 18, 2022.
2. Overview of the shareholders subject to the change(1) Company Name

Effissimo Capital Management Pte Ltd(2) Location

260 Orchard Road #12-06 The Heeren Singapore 238855(3) Representative

Takashi Kousaka, Director(4) Business Description

Investment advisory services

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 April 15, 2022)

After change(As of May 12, 2022)

Attribution

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

Ratio of voting rights
held *3－68,067(6,806,700)

9.77%

Major shareholder

75,238(7,523,800)

10.80%*1 The number of voting rights is based on the number of shares held which was described in the Report ofPossession of Large Volume (Change Report) submitted by the shareholder concerned as of April 21, 2022
for the shares before the change and as of May 18, 2022 for the shares after the change, respectively.
*2 As the above information is based on the Report of Possession of Large Volume (Change Report) submittedby the shareholder 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 notlisted in the above table because the Company cannot confirm the ranking.

Copyright© LIFENET INSURANCE COMPANY All rights reserved.

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ＤＤ
NEWS
RELEASE*3 The ratio of voting rights held, both before and after the change, are calculated based on the total number ofvoting rights of all shareholders (696,690), which is calculated by deducting the number of shares without
voting rights from the total number of issued shares (69,679,538 shares) as of March 31, 2022, androunding off to the second decimal place.

4. Future Prospects
There are no particular matters to be stated regarding the future outlook, as this matter isbased on the Report of Possession of Large Volume (Change 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 andservices directly to customers over the Internet. We aim to be the leading company driving thegrowth of the online life insurance market.
Contact:
Tel:e-mail:Disclaimer:

Investor Relations, Corporate Planning Department+81-3-5216-7900
ir@lifenet-seimei.co.jp

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

Copyright© LIFENET INSURANCE COMPANY All rights reserved.

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