January 29, 2016

Tokio Marine Holdings, Inc.

2-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo

TSE code number: 8766

Increase of shareholdings in Edelweiss Tokio Life Insurance Company Limited

Tokio Marine Holdings, Inc. (President: Tsuyoshi Nagano, "the Company") has been granted the approval by

Indian authorities to raise its interest in Edelweiss Tokio Life Insurance Company Limited (“Edelweiss Tokio

Life”) from 26% to 49% through its wholly owned subsidiary, Tokio Marine & Nichido Fire Insurance Co., Ltd.

(“TMNF”), by way of acquisition of new shares worth approximately INR5.3 billion (approximately JPY9.5

billion).

1. Increase of shareholdings in Edelweiss Tokio Life

Tokio Marine Group started its life insurance operations in India in 2011 through Edelweiss Tokio Life, the joint

venture company established in 2009 with Edelweiss Financial Services Ltd. (“EFSL”), one of the leading

diversified financial services groups in India .

In March 2015, a new Insurance Bill was passed by both houses of Parliament in India and the total foreign

investment limit in the insurance sector has been raised from 26% to 49%. On January 28, 2016, TMNF has

obtained the approval from Indian authorities to raise shares in Edelweiss Tokio Life from 26% to 49%. We intend

to expeditiously proceed with necessary procedures and expect to complete the transaction by the end of February,

2016.

Edelweiss Tokio Life has been expanding its business taking advantage of Tokio Marine Group's strong insurance

expertise as well as EFSL's strong brand recognition and broad client base. The additional capital will be used for

Edelweiss Tokio Life's business expansion plans including strengthening its sales networks and refining its

business process. By providing high quality products and services that meet customer needs, Edelweiss Tokio Life

aims to contribute to the growth of Tokio Marine Group's international insurance business as well as the sound

growth of the Indian life insurance sector.

2. Insurance Market in India

The Indian insurance market is expected to achieve long-term strong growth owing to an increasing workforce

population and sustainable growth of national income.

Market Size Approx. JPY6 trillion (industry total premiums as of March 2015)

Compound Annual Growth Rate Approx. 15% (industry total premiums, ten-year average from April 2005

to March 2015)

Number of Life Insurers 24 companies

3. Overview of Edelweiss Tokio Life (As of the end of March 2015)

Company Name Edelweiss Tokio Life Insurance Company Limited

Head Office Mumbai, Maharashtra State, India

Main Business Life insurance business

Commencement of Operation 2011

Number of Branches Head office and 59 Branches

Premiums INR1,930 million (approximately JPY3.5 billion)

Number of Employees 1,644

Shareholders TMNF 26%, EFSL 74%

Note: Figures above are calculated at the FX rate of JPY1.82 per INR1.