Sony Bank Launches Discounted Interest Rate Campaign for Housing Loans

March 27, 2006

Sony Bank Inc. (hereafter "Sony Bank"), a 88.0%-owned subsidiary of Sony Financial Holdings, today announced the start of a discounted-interest campaign on its housing loans. Customers who apply for Sony Bank's housing loans during the campaign period - from March 27, 2006, to June 30, 2006 - and complete the loan process by March 30, 2007, will enjoy across-the-board annual interest rate discounts of 0.7 percentage point, compared with Sony Bank's standard interest rates.

Sony Bank's housing loans allow customers to go through the entire process from application through to contract without ever setting foot in a bank branch, and there is no need to pay either guarantee charges or group life insurance premiums. By using the Internet, customers can easily make early payments, change the type of interest or partially set various fixed rates from time to time on their floating-rate loans.

In the upcoming fiscal year 2006, Sony Bank will keep responding to customers' needs for housing funds by continuing to provide housing loans that are attractive in terms of both convenience and interest rates.

Note: This is an English-language summary of a Japanese announcement made by Sony Bank on March 27, 2006. The summary was prepared by Sony Financial Holdings Inc., solely for the convenience of non-Japanese readers.