News Release

Notice regarding Relocation of Headquarters Operations and Acquisition of Otemachi Headquarters Building(1/1)

Sumitomo Mitsui Financial Group, Inc.

Sumitomo Mitsui Banking Corporation



Notice regarding Relocation of Headquarters Operations and

Acquisition of Otemachi Headquarters Building



TOKYO , December 25, 2006 --- Sumitomo Mitsui Financial Group, Inc. (SMFG, President: Teisuke Kitayama) and Sumitomo Mitsui Banking Corporation (SMBC, President: Masayuki Oku) hereby announce their relocation of headquarters operations and SMBCfs acquisition of Otemachi Headquarters Building as follows.


1. Relocation of Headquarters Operations

SMFG and SMBC will relocate their headquarters operations to Otemachi area as described below.

Since the merger of Sakura Bank and Sumitomo Bank in April 2001, headquarters operations have been divided into two locations, at Hibiya and Otemachi in Tokyo .  The relocation will enable us to centralize dispersed headquarters operations and seek further efficiency.

Further information including the details of the relocation will be announced separately upon the determination of specific matters.


(1) New address*

       1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo (Plan)


(2) Relocation scheduled in:

       First Half of FY2010


*Note: We will move our headquarters operations to a new building which Mitsui Fudosan Co., Ltd. plans to construct on the current JFE building site in the spring of 2010.

At the same time, we have been asked by Mitsui Fudosan Co., Ltd. to vacate g Hibiya Mitsui Building h where our head offices are currently located, according to Mitsui Fudosanfs decision to rebuild it.


iHibiya Areaj                  (Otemachi Area)


2. Acquisition of Otemachi Headquarters Building    

In light of the relocation of its headquarters operations, SMBC decided to acquire ownership of Otemachi Headquarters Building , which SMBC currently rents, in order to add more flexibility to its headquarters operations.


(1) Asset to be purchased   

       Location             : 3-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo

       Site area             : 5,956.23 m2

       Total floor area        : 61,712.25 m2

       Acquisition price      : 125.1 billion yen


(2) Seller

Trade name         : Otemachi Capital Y.K.

       Representative         : Ryo Yano, Director

       Address              : 6-1, Roppongi 1-chome, Minato-ku, Tokyo


   (3) Scheduled date of acquisition*

     March 23, 2007


*Note: SMBC will acquire ownership of the real estate by acquiring the property trust beneficiary interest of the building from Otemachi Capital Y.K. and by terminating the related trust contract accordingly.


3. SMFGfs Earnings Forecasts

There is no revision to SMFGfs earnings forecasts for the year ending March 31, 2007.


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