News Release


[Sumitomo Mitsui Financial Group, Inc.]Notice regarding Redemption of Non-Cumulative Preferred Securities(1/1)

Sumitomo Mitsui Financial Group, Inc.

 

Notice regarding Redemption of Non-Cumulative Preferred Securities

 

TOKYO , April 28, 2008 --- Sumitomo Mitsui Financial Group, Inc. (SMFG) hereby announces that SMFG and Sumitomo Mitsui Banking Corporation (SMBC) resolved at their respective Board of Directors held today to authorize the redemption in full of the preferred securities issued by SB Treasury Company L.L.C., which is a subsidiary of both SMFG and SMBC, as stated below.

 

1.Summary of Non-cumulative Preferred Securities to be Redeemed

Issuer

SB Treasury Company L.L.C.

Type of Securities Issued

Non-cumulative preferred securities (the gPreferred Securitiesh)

Maturity

Perpetual

Optional Redemption

The Preferred Securities may be redeemed at the option of the Issuer on any dividend payment date on and after the dividend payment date in June 2008.

Dividends

At a fixed rate

Provided, however, that with respect to each dividend period commencing on and after the dividend payment date in June 2008, dividends will be payable at a stepped-up floating rate.

Total Issue Amount

$1,800,000,000

Issue Date

February 18, 1998

Redemption Amount

$1,800,000,000

 

2.Scheduled Redemption Date

June 30, 2008

 

 




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