November 20, 1998

Re: Plans for Capital Enhancement

The Bank hereby announces the plans for capital enhancement, the Bank's common stock issue and the Cayman subsidiary's preferred shares issue. Both plans are authorized today by the Board Meeting . Common stock will be subscribed by twenty-one companies as Third Party Allocation. The Cayman subsidiary is a newly established company funding through preferred shares, which are expected to be treated as Tier 1 Capital of the Bank.

I. Common Stock Issue (Third-Party Allocation) 1. Summary of the Terms (1) Number of New Shares 273,802,000 shares 50 yen par value (2) Issue Price 315 yen per share (3) Total Issue Price 86,247,630,000 yen (4) Amount to be Capitalized 158 yen per share (5) Total Amount to be Capitalized 43,260,716,000 yen (6) Subscription Date December 24, 1998 (7) Payment Date December 24, 1998 (8) Initial Date for Calculating Dividend October 1, 1998 (9) Prospective Investor's Number of Shares Nippon Life Insurance Company 31,746,000 shares Mitsui Mutual Life Insurance Company 31,746,000 shares The Taiyo Mutual Life Insurance Company 31,746,000 shares Mitsui Fudosan Co., Ltd. 23,809,000 shares Mitsui & Co., Ltd. 23,809,000 shares The Tokyo Electric Power Company, Incorporated 23,809,000 shares Toshiba Corporation 15,873,000 shares Mitsui Marine and Fire Insurance Company, Limited 11,904,000 shares Toray Industries, Inc. 7,936,000 shares Oji Paper Co., Ltd. 7,936,000 shares Mitsui Chemicals, Inc. 7,936,000 shares Nippon Paper Industries Co., Ltd. 7,936,000 shares The Nomura Securities Co., Ltd. 7,936,000 shares The Dowa Fire and Marine Insurance Company, Limited 7,936,000 shares Chubu Electric Power Company, Incorporated 7,936,000 shares Taiheiyo Cement Corporation 3,968,000 shares Mitsukoshi, Ltd. 3,968,000 shares Mitsui O.S.K. Lines, Ltd. 3,968,000 shares Kaneka Corporation 3,968,000 shares Tostem Corporation 3,968,000 shares Sanwa Shutter Corporation 3,968,000 shares : Number of Outstanding Share (before Capital Increase, as of October, 31, 1998) common stock 3,794,077,838 shares Series II Noncumulative Mandatory Convertible Preference Shares 15,117,000 shares : Amount of Paid in Capital (before Capital Increase, as of October, 31, 1998) 599,445 millions of yen : Number of Outstanding Share (after Capital Increase) common stock 4,067,879,838 shares Series II Noncumulative Mandatory Convertible Preference Shares 15,117,000 shares : Amount of Paid in Capital (after Capital Increase) 642,706 millions of yen