News Release


[Sumitomo Mitsui Financial Group, Inc.]Notice regarding Acquisition and Cancellation of Public Fund Preferred Stock(1/1)

Sumitomo Mitsui Financial Group, Inc.

 

Notice regarding Acquisition and Cancellation of Public Fund Preferred Stock

 

Tokyo, September 1, 2006 --- Sumitomo Mitsui Financial Group, Inc. (SMFG, President: Teisuke Kitayama) hereby announces that SMFGfs Board of Directors resolved at a meeting today to acquire and cancel its Type 2 preferred stock (aggregate amount of acquisition: approximately JPY 245.1 billion, which amounts to JPY 201.0 billion on an issue price basis) owned by the Resolution and Collection Corporation (RCC) as described below, and obtained an approval of the relevant authorities for the acquisition today.

 

The acquisition of the preferred stock is to be executed within SMFGfs own stock acquisition limit approved at its annual general shareholdersf meeting held in June 2006.

 

In addition, SMFG intends to cancel those shares of the preferred stock upon acquisition.

 

 

PARTICULARS

 

 

Details of Acquisition and Cancellation

 

Type 2 Preferred Stock

(1) Number of Shares to Be Acquired

 

: 67,000 shares

(2) Acquisition Price

 

: JPY 3,657,900 per share

(3) Total Amount of Acquisition

 

: JPY 245,079,300,000

(4) Acquire from

 

: RCC

(5) Acquisition Date (Scheduled)

 

: September 6, 2006

 

iREFERENCEjSummary of the public fund preferred stock to be acquired:

Type of Preferred Stock

Type 2 Preferred Stock

Original Date of Issue

March 31, 1999

Number of Shares Issued

100,000 shares

Issue Price

JPY 3,000,000 per share

Aggregate Amount Issued

JPY 300 billion

Number of Shares Outstanding

Immediately Prior to This Acquisition

67,000 shares

Aggregate Amount Outstanding

Immediately Prior to This Acquisition

JPY 201 billion

 

Summary of the public fund preferred stock other than the above:

Type of Preferred Stock

Type 3 Preferred Stock

Original Date of Issue

March 31, 1999

Number of Shares Issued

800,000 shares

Issue Price

JPY 1,000,000 per share

Aggregate Amount Issued

JPY 800 billion

Number of Shares Outstanding

as of the Date hereof

695,000 shares

Aggregate Amount Outstanding

as of the Date hereof

JPY 695 billion

This gNotice regarding Acquisition and Cancellation of Public Fund Preferred Stockh is published in order to publicly announce the facts herein described, not to solicit anyone into making any investment in or outside of Japan , nor for any other similar purposes.

 




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