NKSJ Holdings Inc : Announcement of Change of Representative Directors

[English Translation]

January 27, 2012

Corporate Name: NKSJ Holdings, Inc. Name of the Representative: Makoto Hyodo,

Chairman and CEO Name of the Representative: Masatoshi Sato,

President and CEO (Securities Code: 8630 TSE, OSE)

Announcement of Change of Representative Directors

NKSJ Holdings, Inc. ("the Company") hereby announces the change of Representative Directors as set forth below in accordance with a resolution passed by the Board of Directors at the meeting held on January 27, 2012.

Name and Position of Former and New Representative Directors

(New Position) (Name) (Former Position) (Date of Change)

(Newly nominated)

(Newly nominated)

Representative Director Chairman and Executive Officer

Representative Director

President and Executive

Officer

Masaya Futamiya Director April 1, 2012

Kengo Sakurada Director April 1, 2012

Director Makoto Hyodo Representative Director

Chairman and CEO Director Masatoshi Sato Representative Director

President and CEO

March 31, 2012

March 31, 2012

Profiles of the new representative directors are shown in the attached paper.
(end)

Profiles of New Representative Directors

Name: Masaya Futamiya
Date of Birth: February 25, 1952
Summarized Resume:
April, 1974 Entered The Nippon Fire & Marine Insurance Co., Ltd. (currently Nipponkoa
Insuance Co., Ltd. ("Nipponkoa")) June, 1998 General Manager of Secretariat Office
April, 2001 General Manager of Secretariat Office of Nipponkoa
April, 2002 General Manager of Chief Executive Office and IR Office
June, 2003 Executive Officer and General Manager of Chief Executive Office and IR Office
April, 2004 Executive Officer and General Manager of Chief Executive Office and Customer
Relationship Planning Dept. June, 2004 Managing Executive Officer
June, 2005 Director and Managing Executive Officer
June, 2009 Representative Director and Senior Managing Executive Officer
June, 2011 Representative Director, President and CEO of Nipponkoa (current position) Director of the Company (current position)
Number of Shares of the Company Owned: 8,025 shares
Name: Kengo Sakurada
Date of Birth: Feb. 11, 1956
Summarized Resume:
April, 1974 Entered The Yasuda Fire & Marine Insurance Co., Ltd. (currently Sompo Japan
Insurance Inc. ("Sompo Japan"))
December, 2000 General Manager of Consolidated Planning Department
April, 2001 General Manager of Consolidated Planning Department and DAI-ICHI LIFE Office Integration Planning Department
April, 2002 General Manager of Business Strategy Planning Department
June, 2002 General Manager of Corporate Planning Department
July, 2005 Executive Officer, General Manager of Financial Institutions Department
April, 2007 Managing Executive Officer
June, 2007 Director, Managing Executive Officer
April, 2010 Director, Managing Executive Officer of the Company
July, 2010 Director, Executive Officer of the Company
Representative Director, President and CEO of Sompo Japan (current position) June, 2011 Director of the Company (current position)
Number of Shares of the Company Owned: 6,341 shares