Before the Proposed Amendments

After the Proposed Amendments

(Total Number of Authorized ブックメーカーjリーグ, etc.)

Article 6.

1. The total number of ブックメーカーjリーグ the Corporation is authorized to issue shall be sixteen million five hundred fifteen thousand (16,515,000) ブックメーカーjリーグ.

(Total Number of Authorized ブックメーカーjリーグ, etc.)

Article 6.

1.The total number of ブックメーカーjリーグ the Corporation is authorized to issue shall be fifteen million six hundred eighty four thousand one hundred one (15,684,101) ブックメーカーjリーグ.

2. The total number of ブックメーカーjリーグ the Corporation is authorized to issue shall consist of fifteen million (15,000,000) ordinary ブックメーカーjリーグ, thirty-five thousand (35,000) type 1 preference ブックメーカーjリーグ, one hundred thousand (100,000) type 2 preference ブックメーカーjリーグ, six hundred ninety-five thousand (695,000) type 3 preference ブックメーカーjリーグ, one hundred thirty-five thousand (135,000) type 4 preference ブックメーカーjリーグ, two hundred fifty thousand (250,000) type 5 preference ブックメーカーjリーグ and three hundred thousand (300,000) type 6 preference ブックメーカーjリーグ.

2. The total number of ブックメーカーjリーグ the Corporation is authorized to issue shall consist of fifteen million (15,000,000) ordinary ブックメーカーjリーグ, fifty thousand one hundred (50,100) type 4 preference ブックメーカーjリーグ, one hundred sixty seven thousand (167,000) type 5 preference ブックメーカーjリーグ, seventy thousand one (70,001) type 6 preference ブックメーカーjリーグ, one hundred sixty seven thousand (167,000) type 7 preference ブックメーカーjリーグ, one hundred fifteen thousand (115,000) type 8 preference ブックメーカーjリーグ and one hundred fifteen thousand (115,000) type 9 preference ブックメーカーjリーグ.

(Preferred Dividends)

Article 13.

1. In the event that the Corporation distributes dividends of surplus pursuant to Article 42 hereof, the Corporation shall distributes to the holders of preference shares (hereinafter referred to as the “Preference Shareholders”) or the registered pledgees of preference shares (hereinafter referred to as the “Registered Preference ブックメーカーjリーグ Pledgees”), in preference to the holders of ordinary shares (hereinafter referred to as the “Ordinary Shareholders”) or the registered pledgees of ordinary shares (hereinafter referred to as the “Registered Ordinary ブックメーカーjリーグ Pledgees”), cash dividends of surplus in the amounts set forth below (such cash dividends being hereinafter referred to as the “Preferred Dividends”), respectively; provided, however, that if Preferred Interim Dividends stipulated in Article 14 hereof were paid during the relevant fiscal year, the amount of such Preferred Interim Dividends shall be subtracted from the amount of Preferred Dividends.

(Preferred Dividends)

Article 13.

1. In the event that the Corporation distributes dividends of surplus pursuant to Article 42 hereof, the Corporation shall distributes to the holders of preference shares (hereinafter referred to as the “Preference Shareholders”) or the registered pledgees of preference shares (hereinafter referred to as the “Registered Preference ブックメーカーjリーグ Pledgees”), in preference to the holders of ordinary shares (hereinafter referred to as the “Ordinary Shareholders”) or the registered pledgees of ordinary shares (hereinafter referred to as the “Registered Ordinary ブックメーカーjリーグ Pledgees”), cash dividends of surplus in the amounts set forth below (such cash dividends being hereinafter referred to as the “Preferred Dividends”), respectively; provided, however, that if Preferred Interim Dividends stipulated in Article 14 hereof were paid during the relevant fiscal year, the amount of such Preferred Interim Dividends shall be subtracted from the amount of Preferred Dividends.

Before the Proposed Amendments

After the Proposed Amendments

The type 1 preference ブックメーカーjリーグ:           

10,500 yen per ブックメーカーjリーグ

The type 2 preference ブックメーカーjリーグ:           

28,500 yen per ブックメーカーjリーグ

The type 3 preference ブックメーカーjリーグ:           

13,700 yen per ブックメーカーjリーグ

The type 4 preference ブックメーカーjリーグ:           

amount not exceeding 200,000 yen per ブックメーカーjリーグ and determined by resolution of the board of directors relating to the issuance of the shares

The type 5 preference ブックメーカーjリーグ:           

amount not exceeding 200,000 yen per ブックメーカーjリーグ and determined by resolution of the board of directors relating to the issuance of the shares

The type 6 preference ブックメーカーjリーグ:           

amount not exceeding 300,000 yen per ブックメーカーjリーグ and determined by resolution of the board of directors relating to the issuance of the shares

The type 4 preference ブックメーカーjリーグ:           

amount not exceeding 200,000 yen per ブックメーカーjリーグ and determined by resolution of the board of directors relating to the issuance of the shares

The type 5 preference ブックメーカーjリーグ:           

amount not exceeding 200,000 yen per ブックメーカーjリーグ and determined by resolution of the board of directors relating to the issuance of the shares

The type 6 preference ブックメーカーjリーグ:           

amount not exceeding 300,000 yen per ブックメーカーjリーグ and determined by resolution of the board of directors relating to the issuance of the shares

The type 7 preference ブックメーカーjリーグ:

amount not exceeding 200,000 yen per ブックメーカーjリーグ and determined by resolution of the board of directors relating to the issuance of the shares

The type 8 preference ブックメーカーjリーグ:

amount not exceeding 300,000 yen per ブックメーカーjリーグ and determined by resolution of the board of directors relating to the issuance of the shares

The type 9 preference ブックメーカーjリーグ:

amount not exceeding 300,000 yen per ブックメーカーjリーグ and determined by resolution of the board of directors relating to the issuance of the shares

2. If the amount of cash dividends of surplus paid to the Preference Shareholders or the Registered Preference ブックメーカーjリーグ Pledgees is less than the amount of the Preferred Dividends in any fiscal year, such deficiency shall not be carried over for accumulation to the subsequent fiscal years.

2. If the amount of cash dividends of surplus paid to the Preference Shareholders or the Registered Preference ブックメーカーjリーグ Pledgees is less than the amount of the Preferred Dividends in any fiscal year, such deficiency shall not be carried over for accumulation to the subsequent fiscal years.

3. The Corporation shall not pay dividends in excess of the amount of the Preferred Dividends to the Preference Shareholders or the Registered Preference ブックメーカーjリーグ Pledgees.

3. The Corporation shall not pay dividends in excess of the amount of the Preferred Dividends to the Preference Shareholders or the Registered Preference ブックメーカーjリーグ Pledgees.

Before the Proposed Amendments

After the Proposed Amendments

(Preferred Interim Dividends)

Article 14.

In the event that the Corporation pays Interim Dividends pursuant to Article 43 hereof, the Corporation shall pay to the Preference Shareholders or the Registered Preference ブックメーカーjリーグ Pledgees, in preference to the Ordinary Shareholders or the Registered Ordinary ブックメーカーjリーグ Pledgees, Interim Dividends (hereinafter referred to as the “Preferred Interim Dividends”) in the amounts set forth below, respectively.

The type 1 preference ブックメーカーjリーグ:

5,250 yen per ブックメーカーjリーグ

The type 2 preference ブックメーカーjリーグ:

14,250 yen per ブックメーカーjリーグ

The type 3 preference ブックメーカーjリーグ:

6,850 yen per ブックメーカーjリーグ

The type 4 preference ブックメーカーjリーグ:

amount not exceeding one-half of the amount of the Preferred Dividends per ブックメーカーjリーグ and determined by resolution of the board of directors relating to the issuance of the shares

The type 5 preference ブックメーカーjリーグ:

amount not exceeding one-half of the amount of the Preferred Dividends per ブックメーカーjリーグ and determined by resolution of the board of directors relating to the issuance of the shares

The type 6 preference ブックメーカーjリーグ:

amount not exceeding one-half of the amount of the Preferred Dividends per ブックメーカーjリーグ and determined by resolution of the board of directors relating to the issuance of the shares

(Preferred Interim Dividends)

Article 14.

In the event that the Corporation pays Interim Dividends pursuant to Article 43 hereof, the Corporation shall pay to the Preference Shareholders or the Registered Preference ブックメーカーjリーグ Pledgees, in preference to the Ordinary Shareholders or the Registered Ordinary ブックメーカーjリーグ Pledgees, Interim Dividends (hereinafter referred to as the “Preferred Interim Dividends”) in the amount not exceeding one-half of the amount of the Preferred Dividends per preference ブックメーカーjリーグ and determined by resolution of the board of directors relating to the issuance of the shares.

(Liquidation Distributions of Residual Assets)

Article 15.

1.           In the event that the Corporation makes a liquidation distribution of residual assets, the Corporation shall make to the Preference Shareholders or the Registered Preference ブックメーカーjリーグ Pledgees, in preference to the Ordinary Shareholders or the Registered Ordinary ブックメーカーjリーグ Pledgees, a distribution in the amounts set forth below, respectively.

(Liquidation Distributions of Residual Assets)

Article 15.

1.          In the event that the Corporation makes a liquidation distribution of residual assets, the Corporation shall make to the Preference Shareholders or the Registered Preference ブックメーカーjリーグ Pledgees, in preference to the Ordinary Shareholders or the Registered Ordinary ブックメーカーjリーグ Pledgees, a distribution of 3,000,000 yen per preference ブックメーカーjリーグ.

Before the Proposed Amendments

After the Proposed Amendments

The type 1 preference ブックメーカーjリーグ:           

3,000,000 yen per ブックメーカーjリーグ

The type 2 preference ブックメーカーjリーグ:           

3,000,000 yen per ブックメーカーjリーグ

The type 3 preference ブックメーカーjリーグ:           

1,000,000 yen per ブックメーカーjリーグ

The type 4 preference ブックメーカーjリーグ:           

3,000,000 yen per ブックメーカーjリーグ

The type 5 preference ブックメーカーjリーグ:           

3,000,000 yen per ブックメーカーjリーグ

The type 6 preference ブックメーカーjリーグ:           

3,000,000 yen per ブックメーカーjリーグ

2. Other than a distribution mentioned in the foregoing Paragraph, no liquidation distribution shall be made to the Preference Shareholders or the Registered Preference ブックメーカーjリーグ Pledgees.

2. Other than a distribution mentioned in the foregoing Paragraph, no liquidation distribution shall be made to the Preference Shareholders or the Registered Preference ブックメーカーjリーグ Pledgees.

(Provisions for Acquisition)

Article 16.

The Corporation may acquire a part or the whole of the type 5 preference ブックメーカーjリーグ or the type 6 preference ブックメーカーjリーグ (i) on or after such day as shall be reasonably determined by resolution of the board of directors by the time such preference ブックメーカーjリーグ are first issued, (ii) in exchange for cash payment in the amount regarded to be appropriate in light of market price, etc. In the event that a part of such preference ブックメーカーjリーグ are acquired, the preference ブックメーカーjリーグ to be acquired shall be decided by lottery or by proportional allotment.

(Provisions for Acquisition)

Article 16.

The Corporation may acquire a part or the whole of the type 5 preference ブックメーカーjリーグ, the type 6 preference ブックメーカーjリーグ, the type 8 preference ブックメーカーjリーグ or the type 9 preference ブックメーカーjリーグ (i) on or after such day as shall be reasonably determined by resolution of the board of directors by the time such preference ブックメーカーjリーグ are first issued, (ii) in exchange for cash payment in the amount regarded to be appropriate in light of market price, the amount of liquidation distributions of residual assets relating to such preference ブックメーカーjリーグ, etc. In the event that a part of such preference ブックメーカーjリーグ are acquired, the preference ブックメーカーjリーグ to be acquired shall be decided by lottery or by proportional allotment.

Before the Proposed Amendments

After the Proposed Amendments

(Request for Acquisition of ブックメーカーjリーグ)

Article 19.

1. A Preference Shareholder of the type 1 preference ブックメーカーjリーグ, the type 2 preference ブックメーカーjリーグ or the type 3 preference ブックメーカーjリーグ may request the Corporation to acquire his or her preference ブックメーカーjリーグ in exchange for ordinary ブックメーカーjリーグ. The period during which the acquisition may be requested (hereinafter referred to as the “Acquisition Request Period”) and the terms and conditions of acquisition are as stipulated in the resolution made in accordance with the provisions of Article 365 of the old Commercial Code, of a shareholders meeting of Sumitomo Mitsui Banking Corporation.

（Deleted）

2.           A Preference Shareholder of the type 4 preference ブックメーカーjリーグ or the type 5 preference ブックメーカーjリーグ may request the Corporation to acquire his or her preference ブックメーカーjリーグ in exchange for ordinary ブックメーカーjリーグ. The Acquisition Request Period and the terms and conditions of acquisition shall be reasonably determined by resolution of the board of directors by the time of the first issuance of the relevant preference ブックメーカーjリーグ.

(Request for Acquisition of ブックメーカーjリーグ)

Article 19.

1. A Preference Shareholder of the type 4 preference ブックメーカーjリーグ may request the Corporation to acquire his or her preference ブックメーカーjリーグ in exchange for ordinary ブックメーカーjリーグ. The period during which the acquisition may be requested (hereinafter referred to as the “Acquisition Request Period”) andthe terms and conditions of acquisition shall be reasonably determined by resolution of the board of directors by the time of the first issuance of the relevant preference ブックメーカーjリーグ.

Before the Proposed Amendments

After the Proposed Amendments

（Newly established）

2. A Preference Shareholder of the type 5 preference ブックメーカーjリーグ or the type 7 preference ブックメーカーjリーグ may request the Corporation to acquire his or her preference ブックメーカーjリーグ in exchange for ordinary ブックメーカーjリーグ. The Acquisition Request Period in such case shall be reasonably determined by a resolution of the board of directors by the time of the first issuance of the relevant preference ブックメーカーjリーグ, provided that the last day of such Acquisition Request Period shall fall within twenty five (25) years after the date of issuance of the relevant preference ブックメーカーjリーグ. The number of ordinary ブックメーカーjリーグ to be delivered in exchange for acquisition of the relevant preference ブックメーカーjリーグ shall be obtained by dividing the amount of the subscription price of the relevant preference ブックメーカーjリーグ by the amount fixed in a manner as reasonably determined by a resolution of the board of directors by the time of the first issuance of the relevant preference ブックメーカーjリーグ (hereinafter referred to as the “Acquisition Rights Exercise Price”). Provided, however, that the initial Acquisition Rights Exercise Price shall be determined by reference to the amount regarded to be appropriate in light of market price, etc., and provided further that any fraction of less than one ブックメーカーjリーグ arising as a result of calculation of the number of ordinary shares to be delivered pursuant to the foregoing shall be treated in accordance with the provisions of Article 167 of the Corporation Law. Other terms and conditions of acquisition shall be reasonably determined by a resolution of the board of directors by the time of the first issuance of the relevant preference ブックメーカーjリーグ.

Before the Proposed Amendments

After the Proposed Amendments

(Mandatory Acquisition)

Article 20.

1.Any type 1 preference ブックメーカーjリーグ, type 2 preference ブックメーカーjリーグ or type 3 preference ブックメーカーjリーグ with respect to which acquisition has not been requested during the Acquisition Request Period shall be mandatorily acquired by the Corporation, as of the date immediately following the last day of the Acquisition Request Period (hereinafter referred to as the “Mandatory Acquisition Date”), in exchange for such number of ordinary shares as is obtained by dividing the corresponding amount set forth below by the average of the daily closing prices (including quoted prices (kehai hyoji) if no closing prices are reported) per ブックメーカーjリーグ of the Corporation's ordinary shares by regular transactions at the Tokyo Stock Exchange for the thirty (30) trading days (disregarding trading days on which no such closing prices are available) commencing on the day forty-five (45) trading days prior to the Mandatory Acquisition Date. The average price shall be calculated in yen and rounded down to the nearest ten and thereafter rounded to the nearest hundred (50 being rounded upwards). Provided, however, that if such average price is less than, in the case of the type 1 preference shares or the type 2 preference shares, five hundred thousand yen (\500,000) or, in the case of the type 3 preference shares, two hundred fifty-eight thousand three hundred thirty yen (\258,330), then a preference ブックメーカーjリーグ shall be acquired by the Corporation in exchange for such number of ordinary shares as is obtained by dividing the corresponding amount set forth below by the relevant amount described above:

The type 1 preference ブックメーカーjリーグ:

3,000,000 yen per ブックメーカーjリーグ

The type 2 preference ブックメーカーjリーグ:

3,000,000 yen per ブックメーカーjリーグ

The type 3 preference ブックメーカーjリーグ:

1,000,000 yen per ブックメーカーjリーグ

（Deleted）

Before the Proposed Amendments

After the Proposed Amendments

2. Any type 4 preference ブックメーカーjリーグ or type 5 preference ブックメーカーjリーグ with respect to which acquisition has not been requested during the Acquisition Request Period shall be mandatorily acquired by the Corporation, as of the Mandatory Acquisition Date, in exchange for such number of ordinary shares as is obtained by dividing the amount of subscription price per ブックメーカーjリーグ paid for the preference ブックメーカーjリーグ by the average of the daily closing prices (including quoted prices (kehai hyoji) if no closing prices are reported) per ブックメーカーjリーグ of the Corporation's ordinary shares by regular transactions at the Tokyo Stock Exchange for the thirty (30) trading days (disregarding trading days on which no such closing prices are available) commencing on the day forty-five (45) trading days prior to the Mandatory Acquisition Date. The average price shall be calculated in yen and rounded down to the nearest ten and thereafter rounded to the nearest hundred (50 being rounded upwards). Provided, however, that if such average price is less than the amount not less than five hundred thousand yen (\500,000) determined by resolution of the board of directors relating to the issuance of the relevant preference shares, then a preference ブックメーカーjリーグ shall be acquired by the Corporation in exchange for such number of ordinary shares as is obtained by dividing the amount of subscription price per ブックメーカーjリーグ paid for the preference ブックメーカーjリーグ by such amount determined by such resolution.

(Mandatory Acquisition)

Article 20.

1. Any type 4 preference ブックメーカーjリーグ, type 5 preference ブックメーカーjリーグ or type 7 preference ブックメーカーjリーグ with respect to which acquisition has not been requested during the Acquisition Request Period shall be mandatorily acquired by the Corporation, as of the date immediately following the last day of the Acquisition Request Period (hereinafter referred to as the “Mandatory Acquisition Date”), in exchange for such number of ordinary shares as is obtained by dividing the amount of subscription price per ブックメーカーjリーグ paid for the preference ブックメーカーjリーグ by the average of the daily closing prices (including quoted prices (kehai hyoji) if no closing prices are reported) per ブックメーカーjリーグ of the Corporation's ordinary shares by regular transactions at the Tokyo Stock Exchange for the thirty (30) trading days (disregarding trading days on which no such closing prices are available) commencing on the day forty-five (45) trading days prior to the Mandatory Acquisition Date. The average price shall be calculated in yen and rounded down to the nearest ten and thereafter rounded to the nearest hundred (50 being rounded upwards). Provided, however, that if such average price is less than the amount not less than five hundred thousand yen (\500,000) determined by resolution of the board of directors relating to the issuance of the relevant preference shares, then a preference ブックメーカーjリーグ shall be acquired by the Corporation in exchange for such number of ordinary shares as is obtained by dividing the amount of subscription price per ブックメーカーjリーグ paid for the preference ブックメーカーjリーグ by such amount determined by such resolution.

3.Any fraction of less than one ブックメーカーjリーグ arising as a result of calculation of the number of ordinary shares pursuant to the foregoing two Paragraphs shall be treated in accordance with the provisions of Article 234 of the Corporation Law.

2. Any fraction of less than one ブックメーカーjリーグ arising as a result of calculation of the number of ordinary shares pursuant to the foregoing Paragraph shall be treated in accordance with the provisions of Article 234 of the Corporation Law.