ＤＤNEWSRELEASE
July 13, 2020
Ryosuke Mori, President
LIFENET INSURANCE COMPANY(Securities Code: 7157, TSE Mothers)

Notice of Determination ofIssue Price, Sale Price and Other Matters
TOKYO, July 13, 2020 – LIFENET INSURANCE COMPANY (TSE Mothers 7157, President
Ryosuke Mori; URL: https://ir.lifenet-seimei.co.jp/en/; hereafter, the “Company”) announces that,it has determined the issue price, sale price and other matters as set forth below in relation to theissuance of new shares by way of offering (hereinafter, the “Issuance of New Shares by way ofOffering”) and the secondary offering of share (hereinafter, the “Secondary Offering of Shares”)
in the international offering, which were resolved at the meeting of the Board of Directors of theCompany held on July 3, 2020.
1. Issuance of New Shares by way of Offering(1)

Class and Number ofShares to be Offered(2)

Issue Price(Offer Price) (Note 1)
Aggregate IssuePrice (Note 2)
Amount to be Paid(Note 1)
Total Amount to bePaid (Note 2)

(3)
(4)
(5)

9,200,000 new shares of common stock of the Company
which are the sum of (i) and (ii) below.
(i) 8,000,000 new shares of common stock of theCompany to be purchased by the Manager(ii) A maximum of 1,200,000 additionally-issued shares ofcommon stock of the Company which may bepurchased pursuant to the option to purchase granted
to the Manager
1,027 yen per share
9,448,400,000 yen
978.85 yen per share
9,005,420,000 yen(6)Payment Date

July 20, 2020 (Monday)(7)

Delivery Date

July 21, 2020 (Tuesday)

Notes 1. The Manager will underwrite and purchase the shares relating to the Issuance of New
Shares by way of Offering at the amount to be paid per share will offer them at theissue price (the offer price).
2. These figures are based on the assumption that the option to purchase theNote: This press release has been prepared for the purpose of announcing to the public certain matters relating to theissuance of new shares by way of offering and secondary offering of 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 constitute an 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 offeredor sold in the United States. It is prohibited to distribute this press release in the United States.

Copyright© LIFENET INSURANCE COMPANY All rights reserved

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ＤＤ
NEWSRELEASE
additionally-issued shares of common stock of the Company as set forth in (1)(ii)
above will be exercised in full by the Manager.
2. Secondary Offering of Shares(1)

Sale Price

(2)
(3)

Aggregate Sale Price

(4)
(5)

Aggregate Subscription Price
Delivery Date

Note

Subscription Price

1,027 yen per share
4,307,648,800 yen
978.85 yen per share
4,105,688,440 yen
July 21, 2020 (Tuesday)

The Manager will underwrite and purchase the shares to be sold in the Secondary
Offering of Shares at the subscription price and will offer them at the sale price.

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 by way of offering and secondary offering of 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 constitute an offer or sale of securities in the United States. Thesecurities 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 offeredor sold in the United States. It is prohibited to distribute this press release in the United States.

Copyright© LIFENET INSURANCE COMPANY All rights reserved2