Dai-ichi Life Holdings, Inc. announced that in order to achieve both group transformation and increase in corporate value, the Company will implement the following changes in representative directors. Changes of Titles of Representative Directors (effective June 26, 2023): Seiji Inagaki appointed as Director, Chair of the Board from Representative Director, Chair of the Board; Hitoshi Yamaguchi appointed as Representative Director, Managing Executive Officer Chief General Manager, Asia Pacific from Managing Executive Officer Chief General Manager, Asia Pacific. Changes of Directors (effective June 26, 2023): Hidehiko Sogano appointed as Director, Managing Executive Officer (Chief Sustainability Officer).

Retiring Directors: Mamoru Akashi retiring as Director, Managing Executive Officer and Koichiro Watanabe as Director of the company. Mamoru Akashi continues to be a Managing Executive Officer of Dai-ichi Life Holdings, Inc. Koichiro Watanabe continues to be an Advisor of The Dai-ichi Life Insurance Company, Limited. New Appointment of Executive Officer (effective June 1, 2023): Webster Coates appointed as Executive Officer (Chief Compliance Officer).

Webster Coates has management experience at the Japanese subsidiaries of major global insurance company groups. As Chief Compliance Officer, he has played a leading role in the implementation of a compliance risk management framework aimed at improving management transparency, strengthening risk awareness, and improving internal control effectiveness. In addition, he has management experience, including as Chief Strategy Officer, and the knowledge and experience to execute his duties as an executive officer of the Company accurately, fairly, and efficiently.

Webster Coates: Date of Birth December 10, 1978; May 2001-Graduated from University of Pennsylvania. Career History: June 2001- Joined Morgan Stanley Japan Ltd. January 2004- Assistant Vice President, Strategic Planning and Development, Citibank, N.A., Tokyo Branch January 2006 -Vice President, Head of Strategic Planning and Development, Citibank, N.A., Tokyo Branch. September 2006-Vice President, Financial Institutions Group, Global Banking, Nikko Citigroup Limited.

January 2009-Director, Financial Institutions Group, Global Banking, Nikko Citigroup Limited. March 2010- Director, Head of Retail Banking Products Department, Citibank Japan Ltd. January 2012- Managing Director, Head of Retail Banking Products Department, Citibank Japan Ltd. September 2013-Executive Officer & Senior Vice President, Strategy Management, MetLife Alico Insurance K.K. September 2016-Statutory Executive Officer & Executive Vice President, Chief Strategy Officer, MetLife Alico Insurance K.K. March 2019-Statutory Executive Officer & Executive Vice President, Deputy Chief Governance Officer, Chief Compliance & Ethics Officer, MetLife Insurance K.K. April 2020- Executive Officer & Executive Vice President, Deputy Chief Governance Officer, MetLife Insurance K.K. August 2020- Senior Officer, Prudential Holdings of Japan, Inc. November 2020-Senior Officer, Chief Compliance Officer, Prudential Holdings of Japan, Inc. Masahiro Takashima retiring as Audit and Supervisory Board Member(Full-Time).