News Release 2020

Commencement of business operations of Banking Subsidiary in the Netherlands

September 10, 2020

The Norinchukin Bank

Commencement of business operations of Banking Subsidiary in the Netherlands

As announced in its August 9, 2019 press release, Norinchukin Bank Europe N.V. (hereinafter, referred to as "NBE"), the new banking subsidiary in Amsterdam, the Netherlands, has been continuing preparations toward its business opening. The Norinchukin Bank hereby announces that NBE has commenced its business operations as of today.

NBE will expand in a phased manner the range of commercial banking services in Europe and provide valuable financial services together with The Norinchukin Bank London Branch.

1 Corporate name      Norinchukin Bank Europe N.V.

2 Head office         Amsterdam, the Netherlands

3 Business Opening Date   September 10, 2020

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