Tokio Marine Insurans (Malaysia) Berhad (TMIM), 94.6% owned subsidiary in Malaysia of Tokio Marine Asia Pte. Ltd. (CEO: Takashi Yoshikawa) which is the wholly-owned subsidiary of Tokio Marine Holdings, Inc. (President: Shuzo Sumi), has agreed today with PanGlobal Insurance Berhad. (PGI), a general insurance company in Malaysia, on the transfer of its general insurance business from the latter to the former, subject to the approval of the relevant regulatory authorities in Malaysia. On 6 August 2008, the approval of the Central Bank of Malaysia was obtained in respect of transfer of general insurance of PGI to TMIM.

The transfer of PGI's general insurance business to TMIM, which includes liabilities, and assets and the cash of the equivalent value to the liabilities is expected to be completed by the end of 2008. The purchase consideration will be around RM15 million (approximately Yen 0.5 billion).

In 2007, TMIM held a market share of 4.5% and ranked 6th in the Malaysian general insurance market. The proposed acquisition of the business of PGI would result in an enlarged TMIM with an improved ranking to the 5th position in the general insurance market in Malaysia and an enhanced market share of 5.4%. Number of branch offices is expected to increase from 20 to 31.

With the expanded and strengthened distribution channels expected to be acquired through this business transfer, TMIM would be able to provide more customer-oriented products and services in the growing Malaysian insurance market.

< Summary of PGI >
Company's Name: PanGlobal Insurance Berhad.
Total Assets (2007): RM266million (approximately Yen 8.8 billion)
Head Office: Kuala Lumpur
Number of branch offices: 11
Gross Premiums (2007): RM93 million (approximately Yen 3.1billion)

< Summary of TMIM>
Company's Name: Tokio Marine Insurans (Malaysia) Bhd.
Total Assets (2007): RM696million (approximately Yen 23.1 billion)
Head Office: Kuala Lumpur
Number of branch offices: 20
Gross Premiums (2007): RM468 million (approximately Yen 15.5 billion)