Sumitomo Mitsui Financial Group, I nc. Financia l Group, Inc.

 

 

 

 

Notice regarding Adjustments of Price and Floor Price for Exercising the Right

to Request Acquisition of First to Twelfth Series Type 4 Preferred Stock

Establishment of Limit for Repurchasing Capital Stock

(Establishment of Limit for Repurchasing Capital Stock pursuant to

the Provisions of Article 210 of the Commercial Code of Japan)

 

TOKYO , September May 19 24 , 2006 --- Sumitomo Mitsui Financial Group, Inc. Financial Group, Inc. (SM FG FG , President and CEO : Teisuke Kitayama ) Yoshifumi Nishikawa ) hereby announces that , the price for exercising the right to request acquisition (the “Acquisition Price”), formerly called the conversion price , and the floor price for exercising the right to request acquisition (the “Floor Acquisition Price”), formerly called the floor conversion price , with respect to its First to Twelfth Series Type 4 Preferred Stock (the “Preferred Stock”) were adjusted as set out below in accordance with the terms and conditions of the Preferred Stock. SMF G’s Board of Directors resolved at a meeting today to propose the establishment of a limit for repurchasing SMFG’s capital stock, pursuant to the provisions of Article 210 of the Commercial Code of Japan, at SMFG’s annual general shareholders’ meeting to be held June 29, 2005. This proposal is subject to the approval of each class of stockholders of SMFG, pursuant to the provisions of Article 222, paragraph 11 and Article 346 of the Commercial Code of Japan.

 

PARTICULARS

 

 

1. Acquisition Price after the Adjustment         JPY 319,700

( Acquisition Price before the Reset              JPY 320 , 700 )

 

2. Acquisition Floor Price after the Adjustment      JPY 105,400

( Acquisition Floor Price before the Adjustment    JPY 105 , 700 )

 

3 . Effective Date                            September 7 , 200 6

 

（REFERENCE）Summary of First to Twelfth Series Type 4 Preferred Stock (as of September 19, 2006):

Original Date of Issue	February 8, 2003
Number of Shares Issued	50,100 shares
Issue Price	JPY 3,000,000 per share
Aggregate Amount Issued	JPY 150.3 billion
Number of Shares Outstanding	50,100 shares
Aggregate Amount Outstanding	JPY 150.3 billion

 

This “Notice regarding Adjustments Establishment of Limit for Repurchasing Capital Stock (Establishment of Limit for Repurchasing Capital Stock pursuant to the Provisions of Article 210 of the Commercial Code of Japan) of Price and Floor Price for Exercising the Right to Request Acquisition of First to Twelfth Series Type 4 Preferred Stock ” 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.