Regarding Strategic Partnership with the Berkshire Hathaway Group (Notice on Strategic Partnership with National Indemnity Company, a Major Insurance Subsidiary of Berkshire Hathaway Inc., and Disposal of Treasury Stock through Third-Party Allotment)

Overview of the Strategic Partnership

Tokio Marine Holdings, Inc. has entered into a comprehensive partnership with National Indemnity Company, a wholly owned subsidiary of Berkshire Hathaway Inc., focusing on strategic equity investment, collaboration in the reinsurance field, and strategic cooperation in M&A activities. National Indemnity Company will acquire 48,207,200 shares, representing approximately 2.49% of the total shares outstanding as of December 31, 2025, through a third-party allotment. Correspondingly, the company will dispose of treasury stock and simultaneously conduct a treasury stock acquisition program with an upper limit of approximately ¥287.4 billion to mitigate dilution effects.

Impact on Shareholders and Future Outlook

The dilution rate resulting from this third-party allotment is approximately 2.49%, and the allottee has indicated a long-term holding policy. Under a Voting Agreement, the allottee has agreed to exercise voting rights in line with the recommendations of the company's Board of Directors. The funds raised will be allocated to treasury stock acquisition, aiming to enhance corporate value and increase shareholder returns over the medium to long term. The impact on earnings for the fiscal year ending March 2026 is expected to be minimal.