Announcement on behalf of Taiwan Life, subscription of Rhone Offshore Partners VI, L.P.

1.Name and nature of the subject matter (if preferred shares, the terms and
  conditions of issuance shall also be indicated, e.g.dividend yield):
Rhone Offshore Partners VI, L.P.;
Private Fund
2.Date of occurrence of the event:2019/11/01
3.Volume, unit price, and total monetary amount of the transaction:
N.A.; N.A.; no more than 50,000,000 EUR
4.Counterpart to the trade and its relationship to the Company(if the
  trading counterpart is a natural person and furthermore is not an actual
  related party of the Company, the name of the trading counterpart is not
  required to be disclosed):
Rhone Capital VI L.P.
Relation of company: not related
5.Where the counterpart to the trade is an actual related party, a public
  announcement shall also be made of the reason for choosing the related
  party as trading counterpart and the identity of the previous owner
  (including its relationship with the company and the trading counterpart),
  price of transfer, and date of acquisition:N.A.
6.Where a person who owned the property within the past five years has been
  an actual related person of the company, a public announcement shall also
  include the dates and prices of acquisition and disposal by the related
  person and the person’s relationship to the company at those times:N.A.
7.Matters related to the creditor's rights currently being disposed of
  (including types of collateral of the disposed creditor's rights; if the
  creditor's rights are creditor's rights toward a related person, the name
  of the related person and the book amount of the creditor's rights toward
  such related person currently being disposed of must also be announced):N.A.
8.Anticipated profit or loss from the disposal (not applicable in cases of
  acquisition of securities) (where originally deferred, the status or
  recognition shall be stated and explained):N.A.
9.Terms of delivery or payment (including payment period and monetary
  amount), restrictive covenants in the contract, and other important
In accordance with the related transaction agreements;
other important stipulations:In accordance with the related transaction
10.The manner in which the current transaction was decided, the reference
   basis for the decision on price, and the decision-making department:
In accordance with the related transaction agreements;
The Board of Taiwan Life Insurance Co., Ltd.
11.Net worth per share of company underlying securities acquired or disposed
12.The discrepancy between the reference price of private placement and the
   transaction amount per share is 20 percent or more of the transaction
13.Current cumulative volume, amount, and shareholding percentage of
   holdings of the security being traded (including the current trade) and
   status of any restriction of rights (e.g.pledges):
N.A.; no more than 50,000,000 EUR; about 1.67%
restriction of rights:No.
14.Current ratio of private placement of securities (including the current
   trade) to the total assets and shareholder's equity as shown in the most
   recent financial statement and the operating capital as shown in the most
   recent financial statement:
0.45%; 7.71%;
Operating capital:N.A.
15.Broker and broker's fee:N.A.
16.Concrete purpose or use of the acquisition or disposition:
In compliance with Insurance Law, for the use of the insurance funds.
for investment purpose.
17.Do the directors have any objection to the present transaction?:No.
18.The trading counterparty is a related party:No.
19.Approval date by board of directors:2019/11/01
20.Recognition date by supervisors or submission date by audit committee:
21.Has the CPA issued an opinion on the unreasonableness of the price of
   the current transaction?:No.
22.Name of the CPA firm:Greenfield CPA&Co.
23.Name of the certifying CPA:HSU,MING-HSIUNG
24.The practice certificate number of the CPA:Taipei CPA Association No.3723
25.Any other matters that need to be specified:No.