＜Joint Press Release>

February 25, 2015

The Hollard Insurance Company Limited

T o k i o M a r i n e H o l d i n g s , I n c .

Hollard and Tokio Marine & Nichido to enter a business relationship agreement

The Hollard Insurance Company Limited (hereafter referred to as "Hollard"), part of

Hollard Insurance Group, and Tokio Marine & Nichido Fire Insurance Co., Limited

(hereafter referred to as "Tokio Marine & Nichido"), the wholly-owned subsidiary of

Tokio Marine Holdings, Inc., announced today that they have signed a business

relationship agreement to collaborate and co-ordinate specific initiatives relevant for

Japanese clients in Sub-Saharan Africa, with a focus on risk and insurance

requirements.

Following the conclusion of this agreement, Hollard has established an internal “Tokio

Marine Japan Desk”, which will exclusively handle Japanese business for Tokio Marine

& Nichido and its group companies. This will enable Tokio Marine to offer insurance

products and services to the groups’ clients through Hollard’s extensive African network.

Hollard has fully-fledged Non-Life licenses in South Africa, Namibia, Botswana,

Mozambique and, as of earlier this year, Ghana. Through various partnerships and joint

venture arrangements, Hollard is able to provide cover in a further 20 countries on the

continent, including significant access to East and West Africa.

In addition to the establishment of the partnership, Tokio Marine & Nichido will open a

new office in the city of Johannesburg, Republic of South Africa on 1st April 2015 and

will deploy a representative to enhance market research capabilities in the region.

Hollard and Tokio Marine & Nichido have also agreed to collaborate in this

undertaking.

Sub-Saharan Africa has for some time attracted the attention of organisations across

the world, as a result of its burgeoning population and strong economic growth. The

integration of Hollard’s strong network within the region with Tokio Marine & Nichido’s

expertise in international business will both strengthen the organisations’ presence in

the region and provide higher levels of customer service.

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As South Africa's largest privately-owned insurance group, the Hollard Insurance

Group includes the Hollard Insurance Company and Hollard Life Assurance Company.

Established in 1980, the Group provides short-term and life insurance as well as

investment products to a diverse customer base including individual consumers,

commercial entities and corporate clients. It ranks among a growing number of

companies advocating an inclusive growth model, measuring its social dividends aside

its shareholder contributions.

Since inception, partnership has been at the heart of its business model, with the group

today boasting over 100 ventures across the insurance value chain. Each one

demonstrates the Hollard belief that there is always a better way.

Headquartered in the historic Villa Arcadia in Parktown, Johannesburg, the group

embraces 6 million policy holders in 11 countries (South Africa, Botswana, Namibia,

Botswana, Zambia, Ghana, China, India, Pakistan, Australia and the UK) on four

continents. The Hollard Insurance Group employs almost 3000 people across the globe

and posted R15.3bn in premium income from African licenses in the year to June 2014.

Established: 1980

CEO: Nic Kohler

Address of Head Office: 22 Oxford Road, Parktown, Johannesburg

Republic of South Africa

Website: https://www.hollard.co.za/

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Tokio Maine & Nichido is the oldest insurance company in Japan, which was originally

founded in 1879 as Tokio Marine Insurance. It is a subsidiary of Tokio Marine Holdings,

Inc. (formerly known as Millea Holdings until 2008), one of the largest insurance groups

in Japan in terms of revenue, employing over 30,000 people in 38 countries worldwide.

Established: August 1879

President: Tsuyoshi Nagano

Address of Head Office: 2-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo Japan

Website: http://www.tokiomarine-nichido.co.jp/en/

Hollard-Owned

Hollard Strategic Alliances