Dai ichi Life : Changes to Board Members of Dai-ichi Life Holdings, Inc. as of October 1, 2016

[Unofficial Translation]

[Unofficial Translation]

August 9, 2016

Koichiro Watanabe President and Representative Director

The Dai-ichi Life Insurance Company, Limited

Code: 8750 (TSE First section)

Changes to Board Members of Dai-ichi Life Holdings, Inc. as of October 1, 2016

The Dai-ichi Life Insurance Company, Limited (the "Company"; President: Koichiro Watanabe) hereby announces changes to its board members of Dai-ichi Life Holdings, Inc., the successor company after the shift to a holding company structure, effective on October 1, 2016.

The changes will become effective pending resolutions by the board of directors meeting and audit

& supervisory committee to be held on October 1, 2016.

1. Changes of titles, retirement and newly appointment of Directors and Executive Officers

1. Changes of Titles (as of October 1, 2016)

   As of October 1, 2016	Current title	Name
   Director, Senior Managing Executive Officer Chief General Manager, DSR Management Promotion	Director, Senior Managing Executive Officer Chief General Manager, DSR Management Promotion, Deputy Chief of Group Management Headquarters	Takashi Kawashima
   Director, Managing Executive Officer	Director, Managing Executive Officer Chief of Group Management Strategy Unit, General Manager of Corporate Planning Dept.	Seiji Inagaki
   Director (Audit and Supervisory Committee Member (Full-Time))	Director, Senior Managing Executive Officer	Morinobu Nagahama
   Director (Audit and Supervisory Committee Member (Full-Time))	Audit and Supervisory Board Member (Full-Time)	Fusakazu Kondo
   Senior Managing Executive Officer	Treated like Senior Managing Executive Officer	Hiroshi Kanai(*1)
   Senior Managing Executive Officer	Director, Senior Managing Executive Officer Chief General Manager, Consulting Promotion, Chief General Manager, Metropolitan Market	Kenji Sakurai
   Managing Executive Officer	Managing Executive Officer Chief of Group Human Resources Unit, General Manager of Human Resources Dept.	Masao Taketomi
   Treated like Managing Executive Officer	Treated like Executive Officer	Takashi Fujii(*2)
   Executive Officer	Treated like Executive Officer	Yuji Tokuoka(*3)
   Executive Officer	Executive Officer General Manager, Total Life Planning and Sales Training Dept.	Munehiro Uryu

   As of October 1, 2016	Current title	Name
   Executive Officer Chief of Actuarial and Accounting Unit	Executive Officer General Manager, Financial Planning and Actuarial Dept.	Hiroshi Shoji
   Executive Officer Chief of Asset Management Business Unit	Executive Officer Chief of Asset Management Business Unit, General Manager of Investment Planning Dept.	Tatsusaburo Yamamoto
   Executive Officer	Executive Officer General Manager, Government Relations Dept.	Ichiro Okamoto

   (*1)…Hiroshi Kanai is the President of the Dai-ichi Frontier Life Insurance Co., Ltd. (*2)…Takashi Fujii is the Chairman of Dai-ichi Life Insurance Company of Vietnam, Limited. (*3)…Yuji Tokuoka is the President of the Neo First Life Insurance Co., Ltd.

2. Retiring Officer (as of September 30, 2016)

Current title	Name	Remarks
Director	Michiko Miyamoto	will be appointed as a Director to The Dai-ichi Life Insurance Co., Ltd. on October 1, 2016.
Audit and Supervisory Board Member (Full-Time)	Atsushi Nagayama	will be appointed as a Audit and Supervisory Board Member (Full-Time) to The Dai-ichi Life Insurance Co., Ltd. on October 1, 2016.
Audit and Supervisory Board Member	Masasuke Omori
Audit and Supervisory Board Member	Takashi Wachi
Audit and Supervisory Board Member	Tsuneaki Taniguchi	will be appointed as an Audit and Supervisory Board Member to The Dai-ichi Life Insurance Co., Ltd. on October 1, 2016.
Managing Executive Officer	Akio Tanaka	will be appointed as a Managing Executive Officer to The Dai-ichi Life Insurance Co., Ltd. on October 1, 2016.
Managing Executive Officer	Nobuyuki Akimoto	will be appointed as a Managing Executive Officer to The Dai-ichi Life Insurance Co., Ltd. on October 1, 2016.

Current title	Name	Remarks
Managing Executive Officer	Atsushi Takahashi	will be appointed as a Managing Executive Officer to The Dai-ichi Life Insurance Co., Ltd. on October 1, 2016.
Managing Executive Officer	Masamitsu Nambu	will be appointed as a Director, Managing Executive Officer to The Dai-ichi Life Insurance Co., Ltd. on October 1, 2016.
Managing Executive Officer	Masahiro Takashima	will be appointed as a Managing Executive Officer to The Dai-ichi Life Insurance Co., Ltd. on October 1, 2016.
Managing Executive Officer	Katsuhisa Watanabe	will be appointed as a Managing Executive Officer to The Dai-ichi Life Insurance Co., Ltd. on October 1, 2016.
Managing Executive Officer	Kimihiro Sato	will be appointed as a Managing Executive Officer to The Dai-ichi Life Insurance Co., Ltd. on October 1, 2016.
Executive Officer	Tetsuya Kikuta	will be appointed as an Executive Officer to The Dai-ichi Life Insurance Co., Ltd. on October 1, 2016.
Executive Officer	Chieko Takahashi	will be appointed as an Executive Officer to The Dai-ichi Life Insurance Co., Ltd. on October 1, 2016.
Executive Officer	Mitsunori Moriguchi	will be appointed as an Executive Officer to The Dai-ichi Life Insurance Co., Ltd. on October 1, 2016.
Executive Officer	Takahiro Shibagaki	will be appointed as an Executive Officer to The Dai-ichi Life Insurance Co., Ltd. on October 1, 2016.
Executive Officer	Yasuhiro Miyata	will be appointed as an Executive Officer to The Dai-ichi Life Insurance Co., Ltd. on October 1, 2016.
Treated like Executive Officer	Jim Minto(*1)

(*1)…Jim Minto is the Director of DLI Asia Pacific Pte.Ltd.