Tokio Marine Management, Inc. (Head office: New York), a U.S. subsidiary of Millea Holdings, Inc. ("Millea Holdings"), has received subpoenas from the United States Attorney for the Southern District of New York and the United States Securities and Exchange Commission, requesting documents relating to certain types of reinsurance transactions.

After discussions with its U.S. counsel, Millea Holdings, whose American Depositary Receipts are traded on Nasdaq, hereby discloses the receipt of these subpoenas in a manner consistent with prevailing U.S. practices.

Millea Holdings believes these investigations are a part of investigations which involve a number of industry participants. Millea Holdings and its affiliates are cooperating with these investigations.