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Investor Presentaiton

MizuhoTrust & Banking (investment function) Asset management business : Launch of Asset Management One Shinko Asset Management DIAM Asset Management Mizuho Asset Management AUM(1) 26.7 trillion yen 4.7 trillion yen 4.3 trillion yen 16.9 trillion yen Strength Passive Investment Foreign Currency- Denominated Product Active investment & Solution business Dai-ichi Life Holdings The Largest AUM in Japan Integration of expertise and resourses Daiichi life and Mizuho Financial Group integrated their asset management functions "Asset Management One" was launched in October 2016 Asset Management One AUM 52 trillion yen(2) (1) As of March 31, 2016 ■ Growth ✓ Boost investment, product, sales capabilities by integrating each company's expertise and resources ■Dai-ichi Life group utilize Asset Management One's know-how. ✓ Strengthen development of savings type products (Dai-ichi Frontier Life, Dai-ichi Life's separate account etc.) Sophistication of Dai-ichi Life's investment process Sum of AUM of Mizuho Trust & Banking (investment function), Mizuho Asset Management, Shinko Asset Management and DIAM Asset Management as of March 31, 2016. 22
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