Announce the contract between Cathay Life Insurance Co. and the appointed construction company on Cathay Life's Land.

2006-07-12

1.Type of contract: Construction contract 2.Date of occurrence of the event:2006/07/12 3.Counterparty to the contract and relationship between it and the Company: Taisei Corporation Taipei Branch; None 4.Major content of the contract (including total contract amount, anticipated monetary amount of participation in the investment, and starting and ending dates of the contract), restrictive covenants, and other important stipulations: Total contract amount: NT$370,000,000 Starting and ending dates of the contract: 2006/07/12~ 2007/03/25 Address: Land No. 2、2-1, Hsin-Yi sec.4, Hsin-Yi District, Taipei Construction Substance: piles and steel columns for Top-down excavation 5.Name of the professional appraisal institution and its appraisal opinion (not applicable to mandating others to build on the Company’s own land; also, the appraisal opinion should include an appraisal of the reasonableness of the contractual method of cooperation):N/A 6.Reason for any significant discrepancy with the transaction amount, and opinion of the certifying CPA:None 7.Is the appraisal report price a limited price or specific price?:N/A 8.Has an appraisal report not yet been obtained?:N/A 9.Reason an appraisal report has not yet been obtained:N/A 10.Concrete purpose/objective of the acquisition: In Compliance with Insurance law, legal use of the insurance funds 11.Do the directors have any objection to the present transaction?:None 12.Any other matters that need to be specified:None