NEWS RELEASE
May 12, 2016
Daisuke Iwase, President & COO
LIFENET INSURANCE COMPANY(Securities Code: 7157, TSE Mothers)

Partial Amendment to Articles of Incorporation
TOKYO, May 12, 2016 - LIFENET INSURANCE COMPANY (TSE Mothers 7157, President &COO Daisuke Iwase, URL: http://ir.lifenet-seimei.co.jp/en/) announces that it decided to propose apartial amendment to its Articles of Incorporation for approval at the 10th Annual General Meeting ofShareholders scheduled for Sunday, June 26, 2016. The details of the proposal are as follows:

1. Purpose of Amendment
With the aim to further strengthen the corporate governance system, the Company plans todecide flexibly the posts of Convener and Chairman of shareholders’ meeting, Directors with titles
and Chief Executive Officer (CEO) and Chief Operating Officer (COO). Changes to the provisions ofthe Company’s Articles of Incorporation have become necessary.

2. Details of Amendment
The details of the proposed amendment are as follows:(Underlines denote amendments)
Current Articles of Incorporation

Proposed Change(Convening of general meetings of shareholders)(Convening of general meetings of shareholders)
Article 13 (Omitted)
Article 13 (Unchanged)
2 Unless otherwise provided for by laws or
2 Unless otherwise provided for by laws or
regulations, the Chairman andregulations, the Representative Director in
Representative Director shall convene athe order previously determined by thegeneral meeting of shareholders. However,
Board of Directors shall convene a generalin the case where the Chairman andmeeting of shareholders. However, in the
Representative Director is absent or unablecase where the Representative Director is
so to act, one of the other Directors in theunable so to act, one of the other Directors
order previously determined by the Board ofin the order previously determined by theDirectors shall convene a general meeting
Board of Directors shall convene a generalof shareholders.
meeting of shareholders.
(Chairman of general meeting of shareholders)(Chairman of general meeting of shareholders)
Article 14 The Chairman and Representative Director Article 14 The Representative Director in the ordershall preside over the general meeting ofpreviously determined by the Board ofshareholders. However, in the case where
Directors shall preside over the general
the Chairman and Representative Director
meeting of shareholders. However, in theis absent or unable so to act, one of thecase where the Representative Director isother Directors in the order previously
unable so to act, one of the other Directors
determined by the Board of Directors shallin the order previously determined by thepreside over the general meeting ofBoard of Directors shall preside over theshareholders.
general meeting of shareholders.
Articles 15 to 20(Omitted)
Articles 15 to 20(Unchanged)

Copyright© LIFENET INSURANCE COMPANY All rights reserved.

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NEWS RELEASE
Current Articles of Incorporation

Proposed Change(Director(s) with titles)
Article 21 (Omitted)
2 (Newly Established)(Director(s) with titles, etc.)
Article 21 (Unchanged)
2 The Company may designate the Chief
Executive Officer (CEO) and appoint theChief Operating Officer (COO) by aresolution of the Board of Directors.
(Representative Directors)(Representative Directors)
Article 22 The Chairman and the President shall be
Article 22 The Board of Directors shall, by resolution,
Representative Directors.
elect Representative Directors.
2 In addition to the preceding paragraph, the2(Deleted)
Board of Directors may, by resolution, electRepresentative Directors from among
Directors with titles prescribed in thepreceding Article.
3 The Company shall designate the Chairman
3(Deleted)or the President as the Chief Executive
Officer (CEO) and appoint one Chief
Operating Officer (COO) from among theRepresentative Directors by a resolution ofthe Board of Directors.

3. Schedule
The 10th Annual General Meeting of Shareholders will be held on Sunday, June 26, 2016.
Effective date of amendment to the Articles of Incorporation will be June 26, 2016. The
amendment is pending the approval of the 10th Annual General Meeting of Shareholders.

About LIFENET (URL： http://ir.lifenet-seimei.co.jp/en/)
Returning to the original purpose of life insurance - mutual support - LIFENET INSURANCE wasfounded 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 tocustomers over the Internet. By using the Internet, we are able to offer highly cost-competitive
products and accept applications from customers at any given time.
Contact:
Investor Relations, Corporate Development DepartmentTel:+81-3-5216-7900
e-mail: ir@lifenet-seimei.co.jp
Disclaimer: This is a summarized translation of the original Japanese document, prepared and provided solely
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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