News Release

[Sumitomo Mitsui Financial Group, Inc.]Dissolution of Sakura Capital Funding (Cayman) Limited(1/1)

Sumitomo Mitsui Financial Group, Inc.



Dissolution of Sakura Capital Funding (Cayman) Limited



Tokyo , September 15, 2006 --- Sumitomo Mitsui Financial Group, Inc. (SMFG) hereby announces that Sumitomo Mitsui Banking Corporation (SMBC), a consolidated subsidiary of SMFG, has decided to dissolve its wholly owned subsidiary, Sakura Capital Funding (Cayman) Limited?the “Subsidiary”).






1. Name of the Subsidiary


Company Name

Sakura Capital Funding (Cayman) Limited


P.O. Box309, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands, British West Indies


Takeshi Kunibe


2. Reason for Dissolution

SMBC decided to dissolve the Subsidiary because all the subordinated notes issued by the Subsidiary had been redeemed.


3. Profile of the Subsidiary



Date of Establishment

July 15, 1992

Paid-in Capital

USD 100 thousand?

Shareholders’ Equity

USD 118 thousand?as of the end of December 2005?

Total Assets

USD 86,066 thousand?as of the end of December 2005?

Fiscal Year End

December 31

Number of Employees

0?as of the end of December 2005?


100% owned by SMBC

Recent Financial Performance

(Fiscal Year ended December 2005?

Ordinary Profit: USD 5 thousand

Net Income: USD 5 thousand


4. Date of Dissolution

May, 2007(Planned)


5. SMFG’s Earnings Forecasts

There is no revision to SMFG’s earnings forecasts for the year ending March 31, 2007 , due to this dissolution.



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