Dai ichi Life : to Appoint Executive Director PDF

[Unofficial Translation]

[Unofficial Translation]

May 15, 2017

Seiji Inagaki Representative Director, President Dai-ichi Life Holdings, Inc.

Code: 8750 (TSE First section)

Dai-ichi Life Holdings, Inc. (President: Seiji Inagaki) hereby announces that it will appoint the following directors effective June 26, 2017.

The changes will become effective pending resolutions by the annual general shareholders meeting on June 26, 2017.

1. Planned changes

2. New appointment of Director

   Name	New Title
   Masao Taketomi	Director, Managing Executive Officer Chief General Manager, DSR Management Promotion

   Note: The appointment will be effective pending resolutions by the annual general shareholders meeting on June 26, 2017.

3. Re-appointment of Directors

   Name	New Title
   Koichiro Watanabe	Representative Director, Chairman of the Board
   Shigeo Tsuyuki	Representative Director, Vice Chairman
   Seiji Inagaki	Representative Director, President
   Satoru Tsutsumi	Representative Director, Vice President
   Kazuma Ishii	Director, Senior Managing Executive Officer
   Hideo Teramoto	Director
   Takashi Kawashima	Director
   George Olcott	Director (Outside Director)
   Koichi Maeda	Director (Outside Director)

   Note: The appointment will be effective pending resolutions by the annual general shareholders meeting on June 26, 2017.

4. Retiring Director

Name	Current Title
Haruo Funabashi	Director (Outside Director)

Note: Haruo Funabashi will retire as director at the conclusion of the annual general shareholders meeting on June 26, 2017.

Name	Reasons for appointment
Koichiro Watanabe [Re-appointment]	His experiences as a member of the Group have covered a wide range of engagements in the Company's businesses, including corporate planning, personnel management, public relations and government relations, and he has deep experience and knowledge in the life insurance business. He has duly performed his duties as a member of the Board of Directors since July 2001 by making use of his abundant experience and insight. He has proactively promoted business strategy for the growth of the Group through his service as a representative director and president since 2010. The Company believes he is qualified to be a director of the board of the Company, and therefore proposes him as a candidate for director.
Shigeo Tsuyuki [Re-appointment]	His experiences as a member of the Group have covered a wide range of engagements in the Company's businesses, including international business management, domestic corporate life insurance business and asset management, and he has deep experience and knowledge in the life insurance business. In addition, he has duly performed his duties as a member of the Board of Directors since July 2003. The Company believes he is qualified to be a director of the board of the Company, and therefore proposes him as a candidate for director.
Seiji Inagaki [Re-appointment]	His experiences as a member of the Group have covered a wide range of engagements in the Company's businesses, including corporate planning and investment planning, and he has deep experience and knowledge in the life insurance business. In addition, he has duly performed his duties as a member of the Board of Directors since June 2016 and as a representative director and president since April 2017. The Company believes he is qualified to be a director of the board of the Company, and therefore proposes him as a candidate for director.
Satoru Tsutsumi [Re-appointment]	His experiences as a member of the Group have covered a wide range of engagements in the Company's businesses, including asset management businesses, and he has deep experience and knowledge in the life insurance business. In addition, he has duly performed his duties as a representative director and president of The Dai-ichi Frontier Life Insurance Co., Ltd. since June 2010 and as a member of the Board of Directors of the Company since June 2015. The Company believes he is qualified to be a director of the board of the Company, and therefore proposes him as a candidate for director.

Name	Reasons for appointment
Kazuma Ishii [Re-appointment]	His experiences as a member of the Group have covered a wide range of engagements in the Company's businesses, including profit management, financial planning and actuarial accounting, and he has deep experience and knowledge in the life insurance business. In addition, he has duly performed his duties as a member of the Board of Directors since July 2003. The Company believes he is qualified to be a director of the board of the Company, and therefore proposes him as a candidate for director.
Masao Taketomi [New appointment]	His experiences as a member of the Group have covered a wide range of engagements in the Company's businesses, including personnel management and underwriting, and he has deep experience and knowledge in the life insurance business. In addition, he has duly performed his duties. The Company believes he is qualified to be a director of the board of the Company, and therefore proposes him as a candidate for director.
Hideo Teramoto [Re-appointment]	His experiences as a member of the Group have covered a wide range of engagements in the Company's businesses, including marketing planning and corporate planning, and he has deep experience and knowledge in the life insurance business. In addition, he has duly performed his duties as a member of the Board of Directors since June 2012. The Company believes he is qualified to be a director of the board of the Company, and therefore proposes him as a candidate for director.
Takashi Kawashima [Re-appointment]	His experiences as a member of the Group have covered a wide range of engagements in the Company's businesses, including corporate planning, DSR management promotion, asset management and personnel management, and he has deep experience and knowledge in the life insurance business. In addition, he has duly performed his duties as a member of the Board of Directors since June 2013. The Company believes he is qualified to be a director of the board of the Company, and therefore proposes him as a candidate for director.
George Olcott [Re-appointment]	He is an expert on human resources management and corporate governance of global companies, based on the knowledge he gained through a wide range of experiences, such as acting as managing director of financial institutions and as outside director of other corporations. He has also brought significant benefits to the Company by supervising and advising on various matters of corporate management based on his global and objective viewpoint at the Board of Directors meetings and other occasions. The Company believes he will continuously share his experience and expertise on oversight of management of the Company group as before, and therefore proposes him as a candidate for outside director.