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Investor Presentaiton

Equity Holdings for Specific Purpose Equity Holdings Other Than for the Purpose of Investment Dai-ichi Life Holdings ■The Company holds shares as "Equity Holdings for Specific Purpose" in the companies with which the Company develops strong relationships through business alliances, other than for the purpose of investment ■The Board of Directors shall review and confirm the rationality of the holdings each year. Strategic-holding shares. shall be sold in case the rationale of holding such shares, neither in terms of strategic-holding nor investment purpose, is confirmed. Equity holdings other than for the purpose of investment (as of March 2016) Number of companies ■ Equity Holdings for Specific Purpose Carrying Amount Company Resona Holdings, Inc. Mizuho Financial Group, Inc. 8 215.4 billion yen Shares (thousand) Carrying amount (billions of yen) 125,241 51.4 255,691 5,734 45.2 18.6 MIZUHO SOMPO R RESONA Sompo Japan Nipponkoa Holdings, Inc. We entered into a business alliance with Resona Holdings in 2007. We plan to strengthen our competitiveness by offering better products and services to meet the increasingly sophisticated and diversified needs of our customers. We sell insurance products of Dai-ichi Frontier Life and Neo First Life at companies affiliated with Resona Holdings. We also exchange human resources. In our full-scale business alliance with Mizuho Financial Group in 1998, we have been steadily achieving results through various joint ventures, such as Asset Management One Co., Ltd. In the bancassurance business, we sell insurance products of Dai-ichi Frontier Life and Neo First Life at companies affiliated with Mizuho Financial Group. We also exchange human resources. ホールディングス In our full-scale business alliance in 2000 with Sompo Japan Insurance ("Sompo Japan"), we seek to form the "strongest and most comprehensive life and nonlife insurance group." In non-life insurance we take advantage of Sompo Japan's strong brand and products and its dependable accident response system. In the life insurance area, Sompo Japan agents sell Dai-ichi Life products. 37
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