Sony Bank to Begin Offering Mortgage Loan Group Credit Life Insurance Rider to Cover Three Major Diseases

March 26, 2007

Sony Bank Inc., an 88.0%-owned subsidiary of Sony Financial Holdings, today announced that starting from April 2, 2007, it will begin offering insurance rider to cover three major diseases on Sony Bank mortgage loan group credit life insurance underwritten by Sony Life Insurance Co., Ltd., a wholly-owned subsidiary of Sony Financial Holdings.

Under the newly introduced insurance rider to cover three major diseases, insured parties who are diagnosed with cancer, acute myocardial infarctions or cerebral embolisms are entitled to receive claim payments equivalent to their outstanding mortgage loan balance. This new insurance rider is available to new applicants for Sony Bank mortgage loans who are less than 50 years of age at the time of financing and whose mortgage payments are scheduled for completion prior to age 75. Applicants who elect to add this policy rider are subject to a 0.3% surcharge on Sony Bank's standard interest rate on mortgage loans (or to the preferential interest rate on the loan, if in effect).

By adding this rider to group credit life insurance, which pays claims in the event of death or serious injury, Sony Bank aims to meet customers' needs for protection against disease.

Note: This is an English-language summary of a Japanese announcement made by Sony Bank on March 26, 2007. The summary was prepared by Sony Financial Holdings Inc. solely for the convenience of non-Japanese readers.