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Press Release

Notification of the license registration of reinsurance company

January 27, 2010

In the context of their partnership, Sony Life Insurance Co., Ltd. (President: Taro Okuda) and AEGON International B.V., an AEGON group company (CEO: Alexander R. Wynaendts, headquartered in the Netherlands), established a joint venture life reinsurance company called "SA Reinsurance Ltd. " in British Bermuda, and have completed the license registration to Bermuda Monetary Authority as of January 21, 2010 local time.

About SA Reinsurance Ltd.

Company Name SA Reinsurance Ltd.
Location British Bermuda
Representatives Katsuki Yoshimoto, Co-Managing Director
Andrew Kanelos, Co-Managing Director
Number of directors / employees 8
Capitalisation 5 Billion Japanese Yen
Equity ownership Sony Life Insurance Co., Ltd. 50%,
AEGON International B.V. 50%

Note: This is an English-language summary of a Japanese announcement made by Sony Life on January 27 2010. The summary was prepared by Sony Financial Holdings Inc. solely for the convenience of non-Japanese readers.