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List of Group Companies

The Norinchukin Trust & Banking Co., Ltd.

Address	2-1, Kandanishikichou 2-chome, Chiyoda-ku, Tokyo 101-0054, Japan
Nature of Business	Trust & Banking
Date of Establishment	August 17, 1995
Capital (Millions of yen) Percentage of Voting Rights(%)	20,000 100.00

The Cooperative Servicing Co., Ltd.

Address	23-14, Higashiikebukuro 3-chome, Toshima-ku, Tokyo 170-0013, Japan
Nature of Business	Management and Collection of Non-Performing Loans
Date of Establishment	April 11, 2001
Capital (Millions of yen) Percentage of Voting Rights(%)	500 100.00

Norinchukin Research Institute Co., Ltd.

Address	27-11, Sendagaya 5-chome, Shibuya-ku, Tokyo 151-0051, Japan
Nature of Business	Research
Date of Establishment	March 25, 1986
Capital (Millions of yen) Percentage of Voting Rights(%)	300 100.00

Norinchukin Facilities Co., Ltd.

Address	2-24, Toyosu 3-chome, Koto-ku, Tokyo 135-0061, Japan
Nature of Business	Provider of facility management and administrative services
Date of Establishment	August 6, 1956
Capital (Millions of yen) Percentage of Voting Rights(%)	100 100.00

Nochu Business Support Co., Ltd.

Address	2-1, Otemachi 1-chome, Chiyoda-ku, Tokyo 100-8155, Japan
Nature of Business	Provider of various administrative services for The Norinchukin Bank
Date of Establishment	August 18, 1998
Capital (Millions of yen) Percentage of Voting Rights(%)	100 100.00

Norinchukin Capital Co., Ltd.

Address	3-1, Otemachi 1-chome, Chiyoda-ku, Tokyo 100-0004, Japan
Nature of Business	Private Equity Investments & Fund Management
Date of Establishment	August 10, 2021
Capital (Millions of yen) Percentage of Voting Rights(%)	100 100.00

Norinchukin Business Assist Co., Ltd.

Address	3-1, Otemachi 1-chome, Chiyoda-ku, Tokyo 100-6828, Japan
Nature of Business	Provider of administrative services for The Norinchukin Bank Agriculture-Welfare collaboration business
Date of Establishment	December 1, 2016
Capital (Millions of yen) Percentage of Voting Rights(%)	30 100.00 (20.00) (The percentage of share units indirectly owned by The Norinchukin Bank)

Norinchukin Academy Co., Ltd.

Address	27-11, Sendagaya 5-chome, Shibuya-ku, Tokyo 151-0051, Japan
Nature of Business	Training
Date of Establishment	May 25, 1981
Capital (Millions of yen) Percentage of Voting Rights(%)	20 100.00

Norinchukin Value Investments Co., Ltd.

Address	14th floor 2-2-3, Uchisaiwaicho, Chiyoda-ku, Tokyo, 100-0011 Japan
Nature of Business	Investment Management Services & Investment Advisory Services
Date of Establishment	October 2, 2014
Capital (Millions of yen) Percentage of Voting Rights(%)	444 92.50 (27.75) (The percentage of share units indirectly owned by The Norinchukin Bank)

Kyodo Housing Loan Co., Ltd.

Address	27-11, Sendagaya 5-chome, Shibuya-ku, Tokyo 151-0051, Japan
Nature of Business	Mortgage Loans & Housing Loan Guarantee
Date of Establishment	August 10, 1979
Capital (Millions of yen) Percentage of Voting Rights(%)	10,500 92.12

Nochu Information System Co., Ltd.

Address	2-3, Toyosu 3-chome, Koto-ku, Tokyo 135-0061, Japan
Nature of Business	System Development & Maintenance
Date of Establishment	May 29, 1981
Capital (Millions of yen) Percentage of Voting Rights(%)	100 90.00

AgriweB Co., Ltd.

Address	2-24, Toyosu 3-chome, Koto-ku, Tokyo 135-0061, Japan
Nature of Business	Information and communications business
Date of Establishment	January 7, 2025
Capital (Millions of yen) Percentage of Voting Rights(%)	30 86.66

Nochu-JAML Investment Advisors Co., Ltd.

Address	3-4-4 Nihonbashi Muromachi, Chuo-ku, Tokyo 103-0022, Japan
Nature of Business	Real Estate Asset Management
Date of Establishment	September 15, 2021
Capital (Millions of yen) Percentage of Voting Rights(%)	100 70.00

Norinchukin Zenkyoren Asset Management Co., Ltd.

Address	6-5, Kudanminami 1-chome, Chiyoda-ku, Tokyo 102-0074, Japan
Nature of Business	Asset Management & Investment Advice
Date of Establishment	September 28, 1993
Capital (Millions of yen) Percentage of Voting Rights(%)	1,466 66.65

OWNERS CLASS Co.,Ltd.

Address	2-3, Uchisaiwaicho 2-chome, Chiyoda-ku, Tokyo, 100-0011 Japan
Nature of Business	Corporate defined contribution plan administration services（Plan）
Date of Establishment	September 30, 2025
Capital (Millions of yen) Percentage of Voting Rights(%)	600 60.00（60.00） (The percentage of share units indirectly owned by The Norinchukin Bank)

JA Card Co., Ltd.

Address	14-1, Sotokanda 4-chome, Chiyoda-ku, Tokyo 101-8960, Japan
Nature of Business	Planning and promotion, such as JA card business
Date of Establishment	October 2, 2017
Capital (Millions of yen) Percentage of Voting Rights(%)	100 51.00

JA MITSUI LEASING, LTD.

Address	13-1, Ginza 8-chome, Chuo-ku, Tokyo 104-0061, Japan
Nature of Business	Leasing Business
Date of Establishment	April 1, 2008
Capital (Millions of yen) Percentage of Voting Rights(%)	49,500 40.17

The Agribusiness Investment & Consultation Co., Ltd.

Address	3-1, Otemachi 1-chome, Chiyoda-ku, Tokyo 100-6828, Japan
Nature of Business	Investment in Agricultural Corporations
Date of Establishment	October 24, 2002
Capital (Millions of yen) Percentage of Voting Rights(%)	6,070 38.10

MUFG Finance and Leasing Co., Ltd.

Address	27-1, Shinkawa, 2-chome, Chuo-ku, Tokyo 104-8263, Japan
Nature of Business	Leasing Business
Date of Establishment	October 6, 1979
Capital (Millions of yen) Percentage of Voting Rights(%)	20,049 25.00

Ant Capital Partners Co., Ltd.

Address	4-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo 100-6390, Japan
Nature of Business	Private Equity Investments & Fund Management
Date of Establishment	October 23, 2000
Capital (Millions of yen) Percentage of Voting Rights(%)	100 24.95

Norinchukin Bank Europe N.V.

Address	Gustav Mahlerlaan 1216, 4th Floor, 1081 LA Amsterdam, The Netherlands https://www.nochu-bank.eu/
Nature of Business	Commercial banking in Europe
Date of Establishment	September 21, 2018
Capital Percentage of Voting Rights(%)	€2,000,000,000 100.00

Norinchukin Australia Pty Limited

Address	Level 29, 126 Phillip Street, Sydney, NSW2000, Australia https://www.nochu-au.com.au/
Nature of Business	Project financing operations in Australia and New Zealand
Date of Establishment	February 8, 2017
Capital Percentage of Voting Rights(%)	A＄401,415,000 100.00

Norinchukin Hong Kong Limited

Address	Suite 3202, 32/F, Two Exchange Square, 8 Connaught Place, Central, Hong Kong, People's Republic of China
Nature of Business	Provider of export support, market research, and investment and loan intermediary services mainly in Hong Kong, Macau and Guangdong Province, China
Date of Establishment	February 7, 2023
Capital Percentage of Voting Rights(%)	HK＄3,400,000 100.00

Gulf Japan Food Fund GP

Address	PO Box 309, Ugland House, Grand Cayman KY1-1104, Cayman Islands
Nature of Business	Investments
Date of Establishment	July 29, 2015
Capital Percentage of Voting Rights(%)	$50,000 20.10

（Note）The percentage of voting rights is rounded down to two decimal places.

（As of March 31, 2026）