Sumitomo Mitsui Financial Group, Inc.

 

 

Notice regarding Establishment of ブックメーカー野球 and

Issuance of Non-Dilutive Non-Cumulative Perpetual ブックメーカー野球

 

TOKYO, November 19, 2008 --- Sumitomo Mitsui Financial Group, Inc. (SMFG, President: Teisuke Kitayama) hereby announces that its board of directors has resolved to establish a wholly-owned overseas special purpose subsidiary (the “Cayman Subsidiary”) in the Cayman Islands and to issue perpetual ブックメーカー野球 through the Cayman Subsidiary (the “ブックメーカー野球”).

 

The ブックメーカー野球 are non-dilutive non-cumulative perpetual preferred securities to be issued by the Cayman Subsidiary and are expected to qualify as Tier I capital under the applicable regulations in Japan. The Preferred Securities are not convertible into common stock of SMFG.

 

PARTICULARS

 

Issuer	SMFG Preferred Capital JPY 2 Limited
	The issuer is an overseas special purpose subsidiary established in the Cayman Islands, the voting rights of which are wholly owned by SMFG
Type of Security	Japanese yen denominated Non-Cumulative Perpetual ブックメーカー野球
	The ブックメーカー野球 are not convertible into common stock of SMFG
Total Issue Amount	To be determined
Use of Proceeds	To be ultimately provided to Sumitomo Mitsui Banking Corporation, a banking subsidiary of SMFG, as perpetual subordinated loans
Ranking	The ブックメーカー野球 rank, as to liquidation preferences, effectively pari passu with preferred stock of SMFG
Method of Offering	Private placement to qualified institutional investors, etc. in Japan
Listing	Unlisted

Note: The above description is prepared on the assumptions that SMFG performs necessary filings and obtains the approval required under the relevant laws.

 

Disclaimer:

This document is prepared for the purpose of public disclosure about establishment of an overseas special purpose subsidiary and issuance of the ブックメーカー野球 by SMFG and does not constitute a solicitation of an offer for purchase of any securities in and outside of Japan. This document is not an offer to sell or a solicitation of any offer to buy the ブックメーカー野球 in the United States. The ブックメーカー野球 set forth above have not been and will not be registered under the United States Securities Act of 1933 (the “Act”) and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements under the Act.