January 21, 2004 <Appendix A> What Bangkok Life is all about Company name Bangkok Life Assurance Limited (established in 1951) Location Bangkok, Thailand Net works Head Office in Bangkok and 60 branches all over Thailand Business Life insurance business Market share and ranking The fifth largest in premium income with 6% market share Share Capital Baht1,000 million (JPY2,700 million)  <not listed> Board members and employees As of December 2002 13 board members, 556 employees, and 12,976 sales agents Assets, premium income and profits Total assets Baht 15,130 million (JPY 41,500 million), 36.9% increase from previous year Premium income Baht 6,870 million (JPY 18,800 million), 21.1% increase from previous year Net profit Baht 250 million (JPY 700 million), 63.0% increase from previous year Products Individual life insurance (Endowment, Whole life, Term life) Group life insurance * Focusing primarily on endowment with survival benefit <Appendix B> Growth of the Thai life insurance market 1996 1997 1998 1999 2000 2001 2002 Premium growth 15.5% 5.5% (4.2%) 11.0% 19.8% 26.3% 20.2% GDP growth 5.9% (1.4%) (10.5%) 4.4% 4.6% 1.9% 5.2% <Appendix C> What Nippon Life and Mitsui Sumitomo Insurance have been doing in Thailand Nippon Life Acquired 9.45% shares in Bangkok Life in April 1997 One board seat in Bangkok Life since then Mitsui Sumitomo Insurance Entered into the Thai general insurance market in 1954 Started branch operation in 1964 The fifth largest in net profit among 70 Thai general insurers (as of December 2002)