Japan Post Insurance : Notice Concerning the Acquisition of Treasury Stock through the Off-auction Own Share Repurchase Trading System (ToSTNeT-3)

UNOFFICIAL TRANSLATION

Although Japan Post Insurance pays close attention to providing an English translation of the information disclosed in Japanese, the Japanese original prevails over the English translation in the case of any discrepancy.

May 14, 2021

Company name: JAPAN POST INSURANCE Co., Ltd.

Representative: SENDA Tetsuya, Director and President, CEO, Representative Executive Officer

Stock exchange listing: Tokyo Stock Exchange First Section (Code Number: 7181)

Notice Concerning the Acquisition of Treasury Stock through the Off-auction Own

Share Repurchase Trading System (ToSTNeT-3)

JAPAN POST INSURANCE Co., Ltd. (hereinafter the "Company") hereby announces that it has determined the specific method and details of the acquisition of its treasury stock (common stock of the Company) resolved at a meeting of the Board of Directors held on May 14, 2021 in accordance with Article 156, Paragraph 1 of the Companies Act based on Article 39, Paragraph 1 of the Company`s Articles of Incorporation complying with Article 459, Paragraph 1, Item 1 of the same Act, as described below.

1. Method of acquisition

The Company will conduct the acquisition of its treasury stock at the closing price (reflecting final bid- asked quotations) of 2,203 yen as of this day (May 14, 2021) through the Off-auction Own Share Repurchase Trading system (ToSTNeT-3) of the Tokyo Stock Exchange at 8:45 a.m. as of May 17, 2021 (no changes to the trading method or trading time will be made). This purchase order will be valid only at the trading time mentioned above.

2. Details of the acquisition

1. Class of shares to be acquired: Common stock of the Company
2. Total number of shares to be acquired: 162,906,300 shares (maximum)
   (The ratio of the total number of shares to be acquired to the total number of shares issued (excluding treasury stock): 29.0%)
3. Total amount of shares to be acquired: 358,882,578,900 yen (maximum)
4. Announcement of the result of the stock acquisition: the result of the stock acquisition will be announced after the close of trading at 8:45 a.m., May 17, 2021.
   (Note 1) There will be no change to the number of shares to be acquired. Further, the acquisition

may not be conducted, either in part or in full, depending on market trends and other factors.

(Note 2) The purchase is to be made with a sell order equivalent to the number of shares scheduled for acquisition.

(Reference)

Details of the resolution by the Board of Directors meeting held on May 14, 2021 concerning the acquisition of treasury stock

1. Class of shares to be acquired: Common stock of the Company
2. Total number of shares to be acquired: 162,906,300 shares (maximum)

(The ratio of the total number of shares to be acquired to the total number of shares issued (excluding treasury stock): 29.0%)

1. Total amount of shares to be acquired: 439,847,010,000 yen (maximum)
2. Acquisition date: May 17, 2021
3. Method of acquisition: Purchases through the Off-auction Own Share Repurchase Trading system (ToSTNeT-3) of the Tokyo Stock Exchange
4. In addition to the matters as describe above, any matters required for the acquisition of treasury stock shall be determined at the sole discretion of the President, CEO, Representative Executive Officer of the Company or a person appointed by the President, CEO, Representative Executive Officer of the Company.