Sony Bank's Plans to Offer Securities Intermediary Services

March 2, 2007

Sony Bank Inc., an 88%-owned subsidiary of Sony Financial Holdings, was preparing to acquire shares in Kaiyo Securities Co., Ltd. ("Kaiyo Securities") and convert this company to an Internet-specialized securities subsidiary, with the aim of providing full-fledged securities intermediary services to the bank's customers. However, Sony Bank today announced that it has not acquired these shares, as conditions to convert Kaiyo Securities into a Sony Bank subsidiary were not met.

Sony Bank remains committed to its plans to provide full-fledged securities intermediary services and will continue to negotiate for the use of stop-loss and other services provided by Kaiyo Securities.

Note: This is an English-language summary of a Japanese announcement made by Sony Bank on March 2, 2007. The summary was prepared by Sony Financial Holdings Inc. solely for the convenience of non-Japanese readers.