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[Sumitomo Mitsui Financial Group, Inc.]Notice regarding Pricing of Non-Dilutive Non-Cumulative Perpetual Preferred Securities(1/1)

Sumitomo Mitsui Financial Group, Inc.

Notice regarding Pricing of Non-Dilutive Non-Cumulative Perpetual Preferred Securities

TOKYO, January 8, 2009 --- Sumitomo Mitsui Financial Group, Inc. (SMFG, President: Teisuke Kitayama) hereby announces that it has decided to issue additional series of non-dilutive non-cumulative perpetual preferred securities (the “Preferred Securities”) and that it has determined the following conditions of the Preferred Securities, with regard to the issuance of non-dilutive non-cumulative perpetual preferred securities by its overseas special purpose subsidiary announced in the “Notice regarding Establishment of Overseas Special Purpose Subsidiary and Issuance of Non-Dilutive Non-Cumulative Perpetual Preferred Securities” dated November 19, 2008.

As a result of the issuance of the Preferred Securities (the total amount of which is JPY 160.7 billion), the total issue amount of the preferred securities issued by the relevant subsidiary will be JPY 698.9 billion, combined with the total issue amount of the preferred securities (JPY 538.2 billion), the conditions of which were announced in the “Notice regarding Pricing of Non-Dilutive Non-Cumulative Perpetual Preferred Securities” dated December 11, 2008.

SMFG has no plans for any further issuance of preferred securities by the relevant subsidiary in the future.

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 Preferred Securities (Series E)	Japanese yen denominated Non-Cumulative Perpetual Preferred Securities (Series F)	Japanese yen denominated Non-Cumulative Perpetual Preferred Securities (Series G)
	The Preferred Securities are not convertible into common stock of SMFG
Total Issue Amount	JPY 33.0 billion	JPY 2.0 billion	JPY 125.7 billion
Dividend Rate	5.05% per annum (Fixed rate until July 2019) Floating rate after July 2019 (non step-up)	4.80% per annum (Fixed rate until January 2016) Floating rate after January 2016 (non step-up)	4.65% per annum (Fixed rate until January 2014) Floating rate after January 2014 (non step-up)
Issue Price	JPY 100 million per Preferred Security
Use of Proceeds	To be ultimately provided to Sumitomo Mitsui Banking Corporation, a banking subsidiary of SMFG, as perpetual subordinated loans
Ranking	The Preferred Securities rank, as to liquidation preferences, effectively paripassu with preferred stock of SMFG
Method of Offering	Private placement to qualified institutional investors, etc. in Japan
Listing	Unlisted
Scheduled Issue Date	January 22, 2009

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 issuance of the Preferred Securities 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 Preferred Securities in the United States. The Preferred Securities 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.

(Reference)

The conditions of the non-dilutive non-cumulative perpetual preferred securities which were announced in the “Notice regarding Establishment of Overseas Special Purpose Subsidiary and Issuance of Non-Dilutive Non-Cumulative Perpetual Preferred Securities” dated November 19, 2008, are as follows:

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 Preferred Securities (Series A)	Japanese yen denominated Non-Cumulative Perpetual Preferred Securities (Series B)	Japanese yen denominated Non-Cumulative Perpetual Preferred Securities (Series C)	Japanese yen denominated Non-Cumulative Perpetual Preferred Securities (Series D)
	The Preferred Securities are not convertible into common stock of SMFG
Total Issue Amount	JPY 113.0 billion	JPY 140.0 billion	JPY 140.0 billion	JPY 145.2 billion
Dividend Rate	4.57% per annum (Fixed rate until January 2019) Floating rate after January 2019 (with step-up)	5.07% per annum (Fixed rate until July 2019) Floating rate after July 2019 (non step-up)	4.87% per annum (Fixed rate until January 2016) Floating rate after January 2016 (non step-up)	4.76% per annum (Fixed rate until January 2014) Floating rate after January 2014 (non step-up)
Issue Price	JPY 100 million per Preferred Security
Use of Proceeds	Ultimately provided to Sumitomo Mitsui Banking Corporation, a banking subsidiary of SMFG, as perpetual subordinated loans
Ranking	The Preferred Securities rank, as to liquidation preferences, effectively paripassu with preferred stock of SMFG
Method of Offering	Private placement to qualified institutional investors, etc. in Japan
Listing	Unlisted
Issue Date	December 18, 2008

Note: The “Preferred Securities” referred to in the above chart means the non-dilutive non-cumulative perpetual preferred securities conditions of which were announced in the “Notice regarding Establishment of Overseas Special Purpose Subsidiary and Issuance of Non-Dilutive Non-Cumulative Perpetual Preferred Securities” dated November 19, 2008.

Disclaimer: