Personnel Changes in Directors and Executive Officers

March 30, 2026 Aozora Bank, Ltd.

TOKYO March 30, 2026 - Aozora Bank, Ltd. announces the following personnel changes approved by the Board of Directors at its scheduled meeting held today.

The Director candidate will assume office subject to being approved at the 93rd Ordinary General Meeting of Shareholders to be held on June 23, 2026.

[Director]

Proposed Nomination (as of June 23, 2026) [Name] [New Position]

Satoko Gibbs Director

[Executive Officer]

Retirement (as of March 31, 2026)

[Name] [Former Position]

Taro Kitai

Executive Officer

Co-Head of Corporate Banking Group

Mr. Kitai was seconded from Daiwa Securities Co. Ltd. ('Daiwa') on October 1, 2024, and will return to Daiwa on April 1, 2026.

(Contact: Akira Yamaguchi or Yudai Kubo, Corporate Communication Division at 03-6752-1217)