May 20, 2013

Sony Financial Holdings Inc.

Announcement of Changes in Exectives and New Management Team

Tokyo, May 20, 2013—At the Board of Directors’ Meeting held today, Financial Holdings Inc. (“SFH”) resolved candidates for election to the position of Director and Statutory Auditor as stated below. The new management team is subject to the resolution of the Board of Directors’ Meeting after the approval of the Ordinary General Meeting of Shareholders both to be held on June 25, 2013.

1. Changes in Directors

(1) Resignation Name Current Position Reason for Resignation Taro Okuda Director Expiration of Director’s term of office Shinichi Yamamoto Director Expiration of Director’s term of office Director (Independent Director Expiration of Director’s term of office Yasushi Ikeda (‘Dokuritsu Yakuin’ ) *1) Ryuji Yasuda Director Expiration of Director’s term of office

(2) Newly Assignment Name Newly Appointed Position Concurrent Responsibilities Director, Masamitsu Shimaoka Director Senior Executive Vice President of Insurance Co., Ltd. President, Representative Director of Atsuo Niwa Director Sony Assurance Inc. SVP *2, Corporate Executive, Senior General Manager, Corporate Planning Takemi Nagasaka Director & Control Division of Sony Corporation Director (Independent Director Managing Partner, Oh-Ebashi LPC & Shiro Kuniya (‘Dokuritsu Yakuin’ ) *1) Partners

< Biography of Masamitsu Shimaoka > April 1978 Entered Kyodo Oil Co. (current: JX Nippon Oil & Energy Corporation) March 1984 Entered Sony Prudential Life Insurance Co., Ltd. (current: Sony Life Insurance Co., Ltd.) April 1998 Senior Vice President, Sony Life Insurance Co., Ltd. March 2000 Executive Vice President, Sony Life Insurance Co., Ltd. March 2004 Director, Executive Vice President, in charge of Business Process Re-engineering (BPR) and Corporate Planning, Sony Life Insurance Co., Ltd. June 2006 Director, Senior Executive Vice President, in charge of BPR and Corporate Planning, Sony Life Insurance Co., Ltd. May 2011 Director, Senior Executive Vice President, in charge of BPR IT Project and Product Planning, Sony Life Insurance Co., Ltd.. (current position)

1 April 1981 Entered Sony Corporation January 2001 Corporate Executive, Co., Ltd. June 2004 Senior General Manager, Corporate Planning Division, Sony Corporation May 2005 CFO, Sony Europe August 2008 Vice President and Senior General Manager, Corporate Planning Division, Sony Corporation April 2010 Entered Sony Assurance Inc. and appointed as Corporate Executive June 2011 Director, Corporate Executive, Sony Assurance Inc. June 2012 Director, Senior Corporate Executive, Sony Assurance Inc. April 2013 President, Representative Director, Sony Assurance Inc. (current position)

< Biography of Takemi Nagasaka > October 1978 Entered Musashi Audit Corporation (current: Ernst & Young ShinNihon LLC) August 1981 Entered Sony Corporation April 2004 Statutory Auditor, Inc. (current position) June 2004 General Manager, Accounting Department, Sony Corporation April 2007 Senior General Manager, Accounting Division, Sony Corporation July 2007 Vice President, Senior General Manager, Accounting Division, Sony Corporation June 2010 SVP *2, Corporate Executive, Senior General Manager, Accounting Division, Sony Corporation April 2013 SVP *2, Corporate Executive, Senior General Manager, Corporate Planning & Control Division, Sony Corporation (current position)

April 1982 Registered as attorney and joined Oh-Ebashi Law Offices (current: Oh-Ebashi LPC & Partners) June 1997 Audit & Supervisory Board Member, Sunstar Inc. April 2002 Managing Partner, Oh-Ebashi LPC & Partners (current position) June 2006 Audit & Supervisory Board Member, Nidec Corporation March 2012 Director, NEXON Co., Ltd. (current position) June 2012 Director, Ebara Corporation (current position)

Notes: 1. Independent Director (‘Dokuritsu Yakuin’) is a director designated by Securities Listing Regulations of Tokyo Stock Exchange Group, Inc. 2. SVP stands for Senior Vice President.

2. Changes in Statutory Auditors

(1) Resignation Name Current Position Reason for Resignation Takemi Nagasaka Statutory Auditor Resignation Hiroshi Ueda Statutory Auditor Resignation Takatoshi Yajima Statutory Auditor Resignation

(2) Newly Assignment Name Newly Appointed Position Concurrent Responsibilities General Manager, Accounting Department 1, Corporate Hirotoshi Korenaga Statutory Auditor Planning & Control Division of Sony Corporation Director, Mitsuhiro Koizumi Statutory Auditor Senior Executive Vice President of Sony Life Insurance Co., Ltd. *3

2 < Biography of Hirotoshi Korenaga > April 1988 Entered Sony Corporation April 2007 Deputy General Manager, Planning and Administration Department, Accounting Division, Sony Corporation January 2008 Deputy General Manager, Consolidation Accounting Department, Accounting Division, Sony Corporation July 2012 General Manager, Accounting Department 1, Accounting Division, Sony Corporation April 2013 General Manager, Accounting Department 1, Corporate Planning & Control Division, Sony Corporation (current position)

< Biography of Mitsuhiro Koizumi > April 1974 Entered Meiji Life Insurance Company (current: Meiji Yasuda Life Insurance Company) March 1981 Entered Sony Prudential Life Insurance Co., Ltd. (current: Sony Life Insurance Co., Ltd.) July 1996 Director, in charge of Sales Administration, Sony Life Insurance Co., Ltd. July 1997 Senior Vice President, Sony Life Insurance Co., Ltd. July, 2001 Executive Vice President, Sony Life Insurance Co., Ltd. April 2005 Senior Executive Vice President, in charge of Business Audit, Sony Life Insurance Co., Ltd. June 2007 Director, Senior Executive Vice President, in charge of Sales Administration and Finance, Sony Life Insurance Co., Ltd. April 2012 Director, Senior Executive Vice President, in charge of Corporate Planning, New Business Promoting, Human Resources and Employees’ Wellness, Sony Life Insurance Co., Ltd. (current position)

Note: 3. Mitsuhiro Koizumi will resign Director, Senior Executive Vice President of Sony Life Insurance Co., Ltd. after the conclusion of SFH’s General Meeting of Shareholders to be held on June 25, 2013, and will be appointed as Standing Statutory Auditor of Sony Life Insurance Co., Ltd. on June 27, 2013.

3. Appointment of Substitute Auditor in Case of a Vacancy*4

Name Concurrent Responsibilities Toraki Inoue Certified Public Accountant Office President and Representative Director of Accounting Advisory Co., Ltd Toraki Inoue Corporate Auditor of Pioneer Corporation Supervisory Director, GLP J-REIT

< Biography of Toraki Inoue > October 1980 Entered Arthur Andersen, Japan October 1997 Worldwide Partner of Arthur Andersen July 1999 Representative Partner, Asahi & Co. July 2008 Managing Director, Huron Consulting Group Co., Ltd., Japan Toraki Inoue Certified Public Accountant Office (current position) June 2010 President and Representative Director, Accounting Advisory Co., Ltd. (current position) June 2011 Corporate Auditor, Pioneer Corporation (current position) September 2011 Supervisory Director, GLP J-REIT (current position)

Note: 4. Toraki Inoue is a candidate for Independent Statutory Auditor in case of a vacancy, pursuant to the pertinent laws of Japan, that may be caused by Statutory Auditor’s retirement before the expiration of the term of office.

3 4. New Management Team (As of June 25, 2013)

Title Name Positions at Sony Corporation and the Sony Financial Group *5 President Katsumi Ihara President, Representative Director of Sony Life Insurance Co., Ltd. Representative Director Director of Sony Assurance Inc. Director of Inc. Senior Managing Director Hirotoshi Watanabe Director of Sony Life Insurance Co., Ltd.

Director of Sony Assurance Inc. Director of Sony Bank Inc. Director Masamitsu Shimaoka Director, Senior Executive Vice President of Sony Life Insurance Co., Ltd. Director Shigeru Ishii President, Representative Director of Sony Bank Inc. Director Atsuo Niwa President, Representative Director of Sony Assurance Inc. Director Masaru Kato EVP *6 and CFO, Corporate Executive Officer of Sony Corporation Director Takemi Nagasaka SVP *6, Corporate Executive, Senior General Manager, Corporate Planning & Control Division of Sony Corporation Director Isao Yamamoto - (Independent Director*7) Director Shiro Kuniya - (Independent Director*7) Standing Statutory Auditor Hiroshi Sano Statutory Auditor of Sony Life Insurance Co., Ltd. Statutory Auditor of Sony Assurance Inc. Statutory Auditor of Sony Bank Inc. Statutory Auditor Hirotoshi Korenaga General Manager, Accounting Department 1, Corporate Planning & Control Division of Sony Corporation Statutory Auditor Mitsuhiro Koizumi Standing Statutory Auditor of Sony Life Insurance Co., Ltd. Notes: 5. The Sony Financial Group here indicates SFH, Sony Life Insurance Co., Ltd., Sony Assurance Inc. and Sony Bank Inc. Positions at Sony Life Insurance Co., Ltd., Sony Assurance Inc., Sony Bank Inc. and Sony Corporation are subject to the approval of each company’s General Meeting of Shareholders and Board of Directors Meeting to be held on June 27, June 18, June 17, and June 20, 2013, respectively. 6. EVP stands for Executive Vice President, SVP stands for Senior Vice President. 7. Independent Director (‘Dokuritsu Yakuin’) is a director designated by Securities Listing Regulations of Tokyo Stock Exchange Group, Inc.

For inquiries: Masaaki Konoo Corporate Communications and Investor Relations Dept. Sony Financial Holdings Inc. Telephone: + 81-3-5785-1074 E-mail: [email protected] Website of Sony Financial Holdings Inc.: http://www.sonyfh.co.jp/web/index_en.html

4