News Release

Raise of Short-term Prime Rate(1/1)

Sumitomo Mitsui Banking Corporation



Raise of Short-term Prime Rate



TOKYO, July 28, 2006 --- Sumitomo Mitsui Banking Corporation (SMBC, President Masayuki Oku) hereby announces that it has decided to raise short-term prime rate on Monday, August 21, 2006.



1.         New level of short-term prime rate


1.625% per annum (former rate: 1.375% per annum)


2.         Date of raise


Monday, August 21, 2006


3.         Application


The new rate will be applied for loans newly originated on and after August 21, 2006 .  For existing loans, the new rate will be applied on the first interest payment date after the August 21, 2006 .

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