April 25, 2012

Sumitomo Mitsui Banking Corporation

Equity Investment in Chinese Asset Management Company;
Sumitomo Mitsui Banking Corporation makes China Post & Capital Fund Management Co., Ltd.
an Equity Method Affiliated Company, and dispatches a Director to the company

TOKYO, April 25, 2012 --- Sumitomo Mitsui Banking Corporation (“SMBC”, President: Takeshi Kunibe) reached an agreement with Beijing Chang’an Investment Group Co., Ltd. (“Beijing Chang’an”) on the acquisition of 24% equity interest in China Post & Capital Fund Management Co., Ltd. (“China Post & Capital Fund”), a Chinese asset management company, from Beijing Chang’an, obtained the relevant governmental approvals and completed required procedures.  SMBC made China Post & Capital Fund an equity method affiliated company of SMBC, and will dispatch a non-executive director upon the resolution of shareholders’ general meeting of China Post & Capital Fund and necessary procedures.

Asset management in China is a highly promising business with long-term growth expected on the back of solid development of household financial assets, supported by high economic growth, as well as an increase of assets under management by pension funds.  In addition to the attractive market growth prospects, China Post & Capital Fund, among asset managers in China, has strong growth potential through collaboration with its two existing shareholders, Capital Securities Co., Ltd. (“Capital Securities”), a subsidiary of Beijing Capital Group Co., Ltd., a major conglomerate controlled by the Beijing Municipality, and China Post Group, a parent company of Postal Savings Bank Co., Ltd. of China that has the most extensive operational network in China.

This investment in China Post & Capital Fund is part of SMBC’s initiatives to further strengthen asset management business as one of its strategic focuses.  SMBC, benefiting from economic growth in China, aims to meet its clients’ diversified asset management needs through collaboration with China Post & Capital Fund and SMBC group companies.

[Overview of China Post & Capital Fund]

Business:                                                  Asset Management

Date of Establishment:                              May 2006

Location:                                                  Beijing, People’s Republic of China

Representative:                                        Wu Tao

Employees:                                               124 (as of December 31, 2011)

Shareholders:                                            Capital Securities 47%

(Post-Investment of SMBC)                      China Post Group                29%

                                                               SMBC                                24%

Assets under management:                        Approx. CNY 25.145 billion (as of December 31, 2011)