June 25, 2008

 

Sumitomo Mitsui Banking Corporation

 

 

Capital investment in Barclays PLC

 

 

Tokyo, June 25, 2008 --- Sumitomo Mitsui Banking Corporation (hereinafter “SMBC”, President: Masayuki Oku) and Barclays PLC (herein after, including its group companies, “Barclays”, Group Chief Executive: John Varley), one of the leading financial institutions in United Kingdom, have mutually agreed that SMBC will make an approximately Five Hundred Million Sterling Pound investment in Barclays PLC based on the following conditions.

 

 

1. Outline of Capital Investment

 

(1)   Method of Investment:                       SMBC will acquire newly issued and allotted         Barclays PLC ordinary shares.

(2)   Number of Shares acquired:              168,918,918 shares

                                                               (Expected voting right attached: 2%)

(3)   Subscription price per share:            296 pence

(4)   Timing of Share Acquisition:              Expected to close early in July, 2008

 

 

2. Overview of Barclays

 

(1)   Corporation Name:                     Barclays PLC

(2)   Year of Establishment:               1690

(3)   Location of Head Office:            1 Churchill Place, Canary Wharf, London, United                                                          Kingdom

(4)   Group Chief Executive:              Mr. John Varley

(5)   Total Assets:                GBP 1,227.4 Billion (as of December, 2007)

(6)   Listed Exchange:                        London , Tokyo , New York

(7)   Ratings:                                     AA-(S&P), Aa2(Moody’s), AA(Fitch)

 

SMBC is pleased to announce that SMBC and Barclays have reached an agreement on strategic cooperation and will explore joint business development opportunities.

 

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