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, November 19, 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 all series of the preferred securities issued by Sakura Preferred Capital (Cayman) Limited, which is a subsidiary of both SMFG and SMBC, as stated below.

 

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

Issuer

Sakura Preferred Capital (Cayman) Limited

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 January 2009.

Dividends

Floating rate

Total Issue Amount

Initial Series  :  \258,750,000,000

Series B        :   \25,000,000,000

Issue Date

Initial Series  :  December 24, 1998

Series B        :  March 30, 1999

Redemption Amount

Initial Series  :  \258,750,000,000

Series B        :   \25,000,000,000

 

2.Scheduled Redemption Date

January 26, 2009

 

 




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