Sumitomo Mitsui Financial Group, Inc.

 

Notice regarding Stock Split and Adoption of the Unit ブックメーカーjリーグ System; and

Partial Amendment to the Articles of Incorporation, etc.

 

Tokyo, May 16, 2008 --- Sumitomo Mitsui Financial Group, Inc. (SMFG, President: Teisuke Kitayama) hereby announces that SMFG’s board of directors resolved at a meeting held today to implement a stock split and to adopt a unit ブックメーカーjリーグ system, subject to approval of the partial amendment to the Articles of Incorporation at the ordinary general meeting of shareholders and the general meeting of holders of class shares with respect to each class of shares, in order to cease fractional ブックメーカーjリーグ system without causing inconvenience to the holders of fractional shares in conjunction with the introduction of the electronic ブックメーカーjリーグ certificate system, which is scheduled to take effect in January 2009.  

 

SMFG also announces that its board of directors resolved to propose partial amendment to the relevant provisions of the Articles of Incorporation, etc. to the 6th ordinary general meeting of shareholders and the general meeting of holders of class ブックメーカーjリーグ with respect to each class of ブックメーカーjリーグ, to be held on June 27, 2008.

 

1. Purpose

The electronic ブックメーカーjリーグ certificate system, which will become effective in January 2009 upon implementation of the “Law for Partial Amendment of the Laws related to Transfer of Bonds, etc., to Streamline Settlement with respect to Transactions of Stock, etc” (Law No. 88 of 2004; hereinafter referred to as “Stock Settlement Streamlining Law”), does not provide for fractional shares and, accordingly, SMFG determines to implement a stock split and to adopt a unit ブックメーカーjリーグ system in order to cease fractional ブックメーカーjリーグ system, subject to approval of the partial amendment to the Articles of Incorporation, etc. (see Section 4. below) at the 6th ordinary general meeting of shareholders and the general meeting of holders of class shares with respect to each class of shares, to be held on June 27, 2008. 

No substantive changes in the investment units will take place in conjunction with this stock split and adoption of the unit ブックメーカーjリーグ system. 

 

2. Stock Split

(1) Overview of the stock split

1) Method of split

Ordinary shares held by those who are recorded or registered either on the final register of shareholders of ordinary shares or on the beneficial shareholders’ list (including the holders of fractional shares recorded or registered on the final register of fractional shares of ordinary shares) as of the record date, which is two days prior to the date on which the Stock Settlement Streamlining Law will become effective, will be split at a ratio of 100 shares for each ブックメーカーjリーグ. Stock splits will not be conducted as to preference ブックメーカーjリーグ. 

 

2) Increase in the number of ordinary ブックメーカーjリーグ due to the split

Total number of ブックメーカーjリーグ issued (before the split):                              7,890,804.77 ブックメーカーjリーグ

The number of ブックメーカーjリーグ increased due to the split:                          781,189,672.23 ブックメーカーjリーグ

Total number of ブックメーカーjリーグ issued (after the split):                                  789,080,477 ブックメーカーjリーグ

Total number of ブックメーカーjリーグ authorized to be issued after the split:         1,500,000,000 ブックメーカーjリーグ

*There will be no changes in the total number of ブックメーカーjリーグ issued or authorized to be issued with respect to preference ブックメーカーjリーグ.

 

(2) Schedule for the stock split

・    Record date: The date two days prior to the date of the implementation of the Stock Settlement Streamlining Law

・    Effective date: The date immediately preceding the date of the implementation of the Stock Settlement Streamlining Law

*If the date of the implementation of the Stock Settlement Streamlining Law is Monday, January 5, 2009, which is the target date for implementation, then the record date will be Saturday, January 3, 2009, and the effective date will be Sunday, January 4, 2009. In this case, trading of SMFG’s ブックメーカーjリーグ on the Tokyo Stock Exchange, Osaka Securities Exchange, and the Nagoya Stock Exchange will be suspended from Thursday, December 25, 2008, to Tuesday, December 30, 2008. 

 

3. Adoption of the Unit ブックメーカーjリーグ System

(1) The number of shares constituting one unit of ブックメーカーjリーグ

On condition that the stock split will take effect as described above in Section 2, the unit ブックメーカーjリーグ system will be adopted on the date immediately preceding the date of the implementation of the Stock Settlement Streamlining Law and the number of shares constituting one unit of ordinary ブックメーカーjリーグ will be fixed at one hundred (100) shares.

 

(2) Schedule

・    Effective date: The date immediately preceding the date of the implementation of the Stock Settlement Streamlining Law

 

4. Partial Amendment to the Articles of Incorporation, etc.

(1) Purpose of amendment

1) Purpose of amendment to the Articles of Incorporation

The following amendment will be made to the Articles of Incorporation in order to implement the stock split as described above in Section 2 and to adopt the unit ブックメーカーjリーグ system as described above in Section 3.

Reasons for the amendment are as follows.

・ブックメーカーjリーグ 6 of the existing Articles of Incorporation will be amended in order to increase the total number of authorized shares, etc. of SMFG in accordance with the ratio of the stock split.

・ブックメーカーjリーグ 9 will be newly established in order to adopt the unit share system and to fix the number of shares constituting one unit of share at 100 simultaneously with the stock split.  

・ブックメーカーjリーグ 10 and ブックメーカーjリーグ 11 will be newly established in order to establish the rights, etc. of shares constituting less than one unit, in conjunction with the adoption of the unit share system. 

・ブックメーカーjリーグ 9 of the existing Articles of Incorporation will be eliminated and ブックメーカーjリーグ 11, ブックメーカーjリーグ 12, ブックメーカーjリーグ 42 and ブックメーカーjリーグ 43 of the existing Articles of Incorporation will be amended in order to delete the provisions regarding fractional shares in conjunction with the adoption of the unit share system.

・ブックメーカーjリーグ 10 of the existing Articles of Incorporation will be amended in order to delete the provisions regarding the beneficial shareholders in conjunction with the transition to the electronic share certificate system.

・ブックメーカーjリーグ 20 of the existing Articles of Incorporation will be amended in order to adjust the calculation method of ordinary shares to be delivered upon mandatory acquisition of preference shares, in conjunction with the stock split of ordinary shares. 

・ブックメーカーjリーグ 1 of the Supplementary Provisions will be newly established in order to prescribe that the effective date of each ブックメーカーjリーグ, except for ブックメーカーjリーグ 12 as amended, should be the date immediately preceding the date of implementation of the Stock Settlement Streamlining Law.

・ブックメーカーjリーグ 2 of the Supplementary Provisions will be newly established in order to prescribe that the effective date of ブックメーカーjリーグ 12 as amended should be the date of implementation of the Stock Settlement Streamlining Law.

・Necessary amendment, including adjustments of related provisions, will be made to the relevant provisions across the Articles of Incorporation. 

2) Purpose of amendment to the Terms and Conditions of Issue of Type 4 Preferred Stock

Necessary amendment will be made in conjunction with the above amendment to the Articles of Incorporation.

 

(2) Details of Amendment

Existing Articles of Incorporation, etc., and the proposed amendment are set forth in the attached Exhibits 1 and 2. 

 

(3) Schedule

1) The day on which the general meetings of shareholders are scheduled to be held for the proposed amendment to the Articles of Incorporation, etc.: June 27, 2008 (Tentative)

2) The day on which the proposed amendment to the Articles of Incorporation is expected to become effective: As stated in ブックメーカーjリーグ 1 and ブックメーカーjリーグ 2 of the Supplementary Provisions to the Articles of Incorporation

3) The day on which the proposed amendment to the Terms and Conditions of Issue of Type 4 Preferred Stock is expected to become effective: The date immediately preceding the date of the implementation of the Stock Settlement Streamlining Law.