OREANDA-NEWS. The Dai-ichi Life Insurance Company, Limited hereby announces that it has decidedto sign an agreement for USD 30 million equity participation in "Mizuho ASEAN PE Fund", a private equity fund established by Mizuho Financial Group (the "Fund"). This is aligned with the Company's strategy to expand investments in the growing area and region.

The primary objective of the Fund is to support and promote the business development of Japanese firms, particularly small-and medium-sized enterprises ("SMEs"), in the ASEAN region. The Fund will seek to invest in ASEAN-region companies whom Japanese firms could collaborate with or invest into, aiming to promote the creation of strategic alliances between Japanese firms and ASEAN-region companies. The maximum size of the Fund is USD 200 million.

The Company shares the goal of the Fund described above and has decided to makethe second largest commitment to the Fund afterMizuho Bank, Ltd. This is the first time for the Company to invest in an ASEAN-focused PE fund.

The Company will continuously expand the investments in the growing area and region in order to add its corporate value as well as to contribute to the economic growthof Asia including Japan.