NEWS RELEASE

August 2, 2022

Ryosuke Mori, President

LIFENET INSURANCE COMPANY

(Securities Code: 7157, TSE Growth)

Notice of Completion of Payment Related to New Share Issue

for Restricted Stock Compensation

TOKYO, August 2, 2022 - LIFENET INSURANCE COMPANY (TSE Growth 7157, President Ryosuke Mori, URL: https://ir.lifenet-seimei.co.jp/en/)announces the completion of payment related to the issuance of new shares for restricted stock compensation disclosed as below on July 13, 2022.

Summary of Share Issue

(1)

Class and number of

Ordinary shares: 56,881 shares

shares issued

(2)

Issue price

770 yen per share

(3)

Total issue amount

43,798,370 yen

(4)

Directors eligible for

share allocation, number

Company directors (excluding directors who are audit and

of eligible directors, and

supervisory committee members and outside directors), 4,

number of shares to be

56,881 shares

allocated

(5)

Pay-in date

August 2, 2022

About LIFENET URL：https://ir.lifenet-seimei.co.jp/en/

Remembering the original purpose of life insurance - mutual support - LIFENET INSURANCE COMPANY was founded with the goal of offering simple, convenient and competitively priced products and services based on the highest levels of business integrity. We sell these products and services directly to customers over the Internet. We aim to be the leading company driving the growth of the online life insurance market.

Contact:

Investor Relations, Corporate Planning Department

Tel: +81-3-5216-7900

e-mail:ir@lifenet-seimei.co.jp

Disclaimer: This is a summarized translation/version of the original Japanese document, prepared and provided solely for readers' convenience. In case of any discrepancy or dispute, the Japanese document prevails.

Copyright© LIFENET INSURANCE COMPANY All rights reserved.

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Lifenet Insurance Co. published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 09:29:09 UTC.