Notice regarding Establishment of Limit for Acquiring Own ブックメーカー 賭け 方, Etc. (1/1)

Sumitomo Mitsui Financial Group, Inc.

Notice regarding Establishment of Limit for Acquiring Own ブックメーカー 賭け 方, Etc.

TOKYO, October 13, 2006 --- Sumitomo Mitsui Financial Group, Inc. (SMFG, President: Teisuke Kitayama) hereby announces that SMFG’s board of directors resolved at a meeting held today on establishment of a limit for acquiring its own ブックメーカー 賭け 方 and other agenda as described below, so that SMFG can cope with the disposition of SMFG’s common shares in market transactions by The Resolution and Collection Corporation (RCC), which RCC is expected to carry out at the request of SMFG.

SMFG established the limit for acquiring its own ブックメーカー 賭け 方 pursuant to Article 8 of the Articles of Incorporation as described in 2.(2) below, in addition to the one established by the resolution at the annual general shareholders’ meeting held on June 29, 2006, in order to prepare for possible rise in ブックメーカー 賭け 方 price and thereby ensure the repayment of outstanding public funds in their entirety.

Details of the method of acquisition will be determined in due course, taking SMFG’s financial conditions, ブックメーカー 賭け 方 price and other factors into consideration. SMFG will ask Deposit Insurance Corporation of Japan through RCC for disposal of the common shares when SMFG decides to acquire them at a later date.

Establishment of the limit for acquiring SMFG’s own ブックメーカー 賭け 方, etc.

1.Reason for establishment of the limit for acquiring SMFG’s own ブックメーカー 賭け 方, etc.

To acquire SMFG’s common shares, including 60,466 common shares* issued and delivered in exchange for the public fund preferred ブックメーカー 賭け 方, as to which the right to request acquisition was exercised.

*60,466 common shares were delivered to RCC in exchange for the part of SMFG’s Type 3 Preferred ブックメーカー 賭け 方 as to which RCC exercised its right to request acquisition. Summary of the acquisition is as follows:

Type of ブックメーカー 賭け 方 acquired	Type 3 Preferred ブックメーカー 賭け 方
Total amount of acquisition price	JPY 50,000,000,000
Date of request for acquisition	September 29, 2006
Acquisition price at which a common share is issued and delivered in exchange for Type 3 Preferred ブックメーカー 賭け 方	JPY 826,900
Number of common shares delivered in exchange for Type 3 Preferred ブックメーカー 賭け 方	60,466 shares

For more details, please refer to the press release dated September 28, 2006, titled “Notice regarding Repayment of Public Fund Preferred ブックメーカー 賭け 方”.

2.Details of the limit for acquisition, etc.

(1) Acquisition of SMFG’s own ブックメーカー 賭け 方 in accordance with the resolution at the annual general shareholders’ meeting held on June 29, 2006

- Type of ブックメーカー 賭け 方 to be acquired	: Common ブックメーカー 賭け 方
- Number of shares to be acquired	: 60,466 shares (Upper limit)
- Amount of cash to be tendered in exchange for the acquired ブックメーカー 賭け 方	: JPY 79,639,200,000 (Upper limit)
- Acquisition period	: From October 16, 2006 to December 29, 2006

(2) The limit for acquiring SMFG’s own ブックメーカー 賭け 方 established pursuant to Article 8 of the Articles of Incorporation

- Type of ブックメーカー 賭け 方 to be acquired	: Common ブックメーカー 賭け 方
- Number of shares to be acquired	: 6,700 shares (Upper limit)
- Amount of cash to be tendered in exchange for the acquired shares	: JPY 10,000,000,000 (Upper limit)
- Acquisition period	: From October 16, 2006 to December 29, 2006

It follows from the board resolutions described in (1) and (2) above that an aggregate upper limit on the number of shares to be acquired is 67,166 shares and an aggregate upper limit on the amount of cash to be tendered in exchange for the acquired ブックメーカー 賭け 方 is JPY 89,639,200,000.

(Reference)

1. Details of the limit for acquiring SMFG’s own ブックメーカー 賭け 方 established by the resolution at the annual general shareholders’ meeting held on June 29, 2006

Type of ブックメーカー 賭け 方 to be acquired	Number of shares to be acquired	Amount of cash to be tendered in exchange for the acquired shares
Common ブックメーカー 賭け 方	Upper limit 1,000,000 shares	Upper limit JPY 1,200,000,000,000
Type 2 Preferred ブックメーカー 賭け 方	Upper limit 67,000 shares	Upper limit JPY 1,200,000,000,000
Type 3 Preferred ブックメーカー 賭け 方	Upper limit 695,000 shares	Upper limit JPY 1,200,000,000,000
Total	Aggregate upper limit 1,762,000 shares	Aggregate upper limit JPY 1,200,000,000,000

2. The results of acquisition using the limit described in 1 above as of October 13, 2006

Type of ブックメーカー 賭け 方 acquired	Number of shares acquired	Amount of cash tendered in exchange for the acquired shares
Common ブックメーカー 賭け 方	0 shares	JPY 0
Type 2 Preferred ブックメーカー 賭け 方	67,000 shares	JPY 245,079,300,000
Type 3 Preferred ブックメーカー 賭け 方	645,000 shares	JPY 875,281,500,000
Total	Total　712,000 shares	Total　JPY 1,120,360,800,000

This “Notice regarding Establishment of Limit for Acquiring Own ブックメーカー 賭け 方, Etc.” 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.