September 10, 2021

Investment in Blue Bond Issued by Asian Development Bank (ADB)- Supplying Funds to Protect and Restore Ocean Health in the Asia and the Pacific Region The Dai-ichi Life Insurance Company, Limited (the "Company"; President and Representative Director: Seiji Inagaki)
is pleased to announce that it has invested approximately JPY 16.5 billion in a blue bond issued by the AsianDevelopment Bank ("ADB"). The blue bond is issued only to finance projects related to protecting and restoring ocean
health. This is the first time ADB has issued a blue bond.
As a universal owner that manages assets of about JPY 38 trillion sourced from insurance premiums of customers
throughout Japan, the Company has been promoting ESG investments with a focus on the themes of quality of life,
regional revitalization, and climate change, and actively investing in SDG-focused bonds issued by multilateraldevelopment banks and others as indicated below.

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In May of 2019, ADB launched the "Action Plan for Healthy Oceans and Sustainable Blue Economies." The plan isaimed at achieving SDG 14 (Life Below Water), and focuses on three flagship programs: protecting and restoring
coastal and marine ecosystems and key rivers; reducing land-based sources of marine pollution, including plastics,
wastewater, and agricultural runoff; and growing blue economies including sustainable fisheries, aquaculture, tourism,
marine renewable energy, ports and shipping. ADB is committed to expand financing and technical assistance for theocean to $5 billion from 2019 to 2024, inclusive of partner co-finance.
The proceeds raised from this bond will be used toward ADB's initiatives related to the protection and restoration ofmarine ecosystems and promote inclusive livelihood opportunities and the like, in line with the above plan. Throughits investment in this bond, the Company will financially support ADB's initiatives aimed at protecting and restoring
ocean health in the Asia and the Pacific region. As a responsible institutional investor, the Company will continue toactively engage in ESG investment to contribute to realizing a sustainable society as well as to improve its investment
return through sophisticated and diverse investment methods.
<<Reference>> Examples of Investment in SDG-Focused Bonds Issued by Multilateral Development BanksIssuerEuropean Bank for

Name of Bond

Release date

URL

Microfinance BondDec 7, 2015

https://www.dai-ichilife.co.jp/english/news_release/2015/pdf/inde
x_028.pdf

Health Bond

Mar 13, 2018https://www.dai-ichilife.co.jp/english/news_release/2017/pdf/inde
x_020.pdf

Environmental Sustainability BondJun 26, 2019https://www.dai-ichilife.co.jp/english/news_release/2019/pdf/inde
x_005.pdf

Climate Resilience Bond

July 20, 2021

https://www.dai-ichilife.co.jp/english/news_release/2021/pdf/inde
x_004.pdf

Inclusive Business BondDec 15, 2014

https://www.dai-ichilife.co.jp/english/news_release/2014/pdf/inde
x_028.pdf

Green BondJun 26, 2019https://www.dai-ichilife.co.jp/english/news_release/2019/pdf/inde
x_006.pdf

Sustainable Development Bond

Jul 30, 2019https://www.dai-ichilife.co.jp/english/news_release/2019/pdf/inde
x_010.pdf

Sustainable Development Bond

Nov 28, 2019https://www.dai-ichilife.co.jp/english/news_release/2019/pdf/inde
x_019.pdf

Sustainable Development Bond

May 1, 2020

https://www.dai-ichilife.co.jp/english/news_release/2020/pdf/inde
x_002.pdf

Children’s Bond

Mar 4, 2021

https://www.dai-ichilife.co.jp/english/news_release/2020/pdf/inde
x_026.pdf

EYE Bond

Jul 13, 2015

https://www.dai-ichilife.co.jp/english/news_release/2015/pdf/inde
x_015.pdf

Feed Africa Bond

Nov 1, 2016

https://www.dai-ichilife.co.jp/english/news_release/2016/pdf/inde
x_022.pdf

Reconstruction andDevelopment (EBRD)International FinanceCorporation (IFC)
International Bank for
Reconstruction andDevelopment (IBRD)

Inter-American
Development Bank(IADB)
African Development
Bank (AfDB)

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Asian Development

Light Up and Power Africa BondSep 28, 2017https://www.dai-ichilife.co.jp/english/news_release/2017/pdf/inde
x_009.pdf

Health BondMar 29, 2017https://www.dai-ichilife.co.jp/english/news_release/2016/pdf/inde
x_028.pdf

Gender Bond

Nov 27, 2017https://www.dai-ichilife.co.jp/english/news_release/2017/pdf/inde
x_015.pdf

Health BondApr 22, 2020

https://www.dai-ichilife.co.jp/english/news_release/2020/pdf/index_001.pdf

Health BondFeb 1 , 2021

https://www.dai-ichilife.co.jp/english/news_release/2020/pdf/inde
x_018.pdf

Education BondFeb 9, 2021

https://www.dai-ichilife.co.jp/english/news_release/2020/pdf/inde
x_019.pdf

Vaccine Bond

Jul 18, 2019https://www.dai-ichilife.co.jp/english/news_release/2019/pdf/inde
x_009.pdf

Vaccine BondJun 29, 2020

https://www.dai-ichilife.co.jp/english/news_release/2020/pdf/inde
x_007.pdf

Bank (ADB)

International Finance
Facility forImmunisation (IFFIm)[Outline of the Bond]
IssuerAsian Development Bank (S&P Rating: AAA, Moody's Rating: Aaa)

Issuance Amount

Approx. JPY 33.0 billion（AUD 208 million, NZD 217 million）

Purchase Amount

Approx. JPY 16.5 billion（AUD 208 million）

Maturities

15 years3