Sony Bank Ties up with Gro-bels Co., Ltd. in the Area of Mortgage Loans

October 5, 2006

Sony Bank Inc., an 88.0% subsidiary of Sony Financial Holdings, today announced the start of a tie-up with Gro-bels Co., Ltd. ("Gro-bels") in offering mortgage loans. Through this agreement, customers who purchase newly built condominiums that Gro-bels has subdivided and apply for Sony Bank's mortgage loans through Gro-bels will enjoy annual interest rate discounts of 0.3 percentage point, compared with Sony Bank's standard interest rates.

Gro-bels is a supplier of high quality condominiums primarily in Tokyo metropolitan area, and a group company of Daikyo Inc., the top housing supplier in Japan in terms of annual condominium sales. By cooperating with Gro-bels, Sony Bank will solicit Gro-bels' customers with customer-friendly mortgage loans.

Note: This is an English-language summary of a Japanese announcement made by Sony Bank on October 5, 2006. The summary was prepared by Sony Financial Holdings Inc. solely for the convenience of non-Japanese readers.