News Releases

Sony Bank Inc., a wholly-owned subsidiary of Sony Financial Holdings, today announced plans to enter the syndicated loan business.

1. Purpose of Entering Syndicated Loan Business

   Sony Bank will commence corporate financing through syndicated loans to diversify its investment portfolio of more than ¥1 trillion. The bank also aims to expand its range of fund investment methods and strengthen its revenue base by adding wholesale corporate loans to its investment portfolio. The portfolio currently consists of securities, primarily Japanese government and corporate bonds, as well as mortgage and other consumer loans.

2. Scope of Operations in Corporate Financing
   • Participation in syndicated loan agreements
   • Purchases of syndicated and other loans

   Note: In principle, Sony Bank does not accept corporate financing applications directly from borrowers.

3. Schedule

   The Corporate Loan Department will be established on September 1, 2009, to develop the new business, mainly by participating in syndicated loan agreements. These operations are scheduled to begin in October 2009.

Sony Bank will continue to offer a wide range of individual customer asset management services. To enhance its financial foundation, the bank strives to disperse risks by diversifying its investment portfolio and raising its level of trust with customers.

Note: This is an English-language summary of a Japanese announcement made by Sony Bank on August 27, 2009. The summary was prepared by Sony Financial Holdings Inc. solely for the convenience of non-Japanese readers.