The transformation to a holding company structure described in this press release involves securities of a Japanesecompany. The offer is subject to disclosure requirements of Japan that are different from those of the UnitedStates. Financial statements included in this document, if any, have been prepared in accordance with foreign accounting
standards that may not be comparable to the financial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you may have arising under the U.S. federal securities
laws, since the issuer is located in Japan and some or all of its officers and directors reside outside of the UnitedStates. You may not be able to sue a Japanese company or its officers or directors in a Japanese court for violations of theU.S. securities laws. It may be difficult to compel a Japanese company and its affiliates to subject themselves to a U.S.
court’s judgment.
You should be aware that the issuer may purchase securities otherwise than in connection with the transformation to aholding company structure, such as in the open market or through privately negotiated purchases.
This document has been translated from the Japanese-language original for reference purposes only. In the event of any
conflict or discrepancy between this document and the Japanese-language original, the Japanese-language original shallprevail in all respects.

September 24, 2020

To Whom It May Concern,
Company:

The Juroku Bank, Ltd.

Representative:

Yukio Murase
President and CEO

Stock code:

8356 (TSE/NSE 1st Section)

Contact:

Eiji Kodama
Executive Officer andGeneral Manager,Corporate Planning Division
TEL: +81 (0)58-265-2111

Notice Regarding Commencement of Consideration of Transformation to a Holding Company Structure
The Juroku Bank, Ltd. (President and CEO: Yukio Murase) has announced that at today's Board of Directors’ meeting, it
resolved to commence consideration of a transition to a holding company structure, subject to approval at the general meetingof shareholders and approval by all relevant regulatory authorities.

1. Background
In its 15th Medium-Term Management Plan - Engagement to the Future, starting from April 2020, The Juroku Bank
outlined its long-term vision ahead of the company’s 150th anniversary in 2027, with the aim of becoming a comprehensive
financial group that builds a future with its local communities and achieves sustainable growth with local economies bycreating common values through engagement in dialogue with customers and local communities.
Amid major changes in the business environment surrounding regional financial institutions, in order to achieve sustainableregional growth, the Juroku Bank Group must expand the scope of its business, including by entering new businesses. So thatall officers and employees can engage together to strengthen the group’s management base while further bolstering corporate
governance, the Bank has commenced consideration of transformation to a holding company structure.
By transitioning to a holding company structure, the Group aims to create a business structure that can respond quickly andflexibly to changes in the business environment. The Group aims to become a comprehensive financial group that can createcommon value with customers and local communities, thereby increasing corporate value and achieving sustained growthalong with the local economies.

2. Schedule and method of the transition to holding company structure
The bank will consider transitioning to a holding company structure by October 2021, subject to the approval at the general
meeting of shareholders and following approval by all relevant authorities.
Going forward, the Bank will review the schedule and method of transitioning to a holding company structure and will
announce the relevant details once they are determined.

End.
Contact:
Corporate Planning Division - Public Relations Office
TEL: +81 (0)58-266-2512