Sony Bank Ties up with Towa Real Estate Development Co., Ltd. In the Area of Mortgage Loans

September 28, 2007

Sony Bank, Inc., an 88%-owned subsidiary of Sony Financial Holdings, will offer mortgage loans in cooperation with Towa Real Estate Development Co., Ltd., from October 1, 2007.

Towa Real Estate Development will accept applications for these mortgage loans, which will be offered by Sony Bank to people who purchase condominiums newly constructed by Towa Real Estate Development. Borrowers who meet certain Sony Bank lending criteria will be eligible for preferential interest rates.

Towa Real Estate Development offers a wide variety of condominium types to suit a broad range of lifestyles and personal value choices. Taking this approach, the company has retained a top-10 position in the Real Estate Economic Institute's nationwide annual ranking of unit sales by type of real estate for the past 15 years, placing sixth in 2006.

Sony Bank mortgage loans, which require no guarantee or group credit life insurance fees, are highly convenient. The entire loan process, from application through to contract, is conducted without the need to ever set foot in a bank branch. Even after the initial loan has been made, payments may be accelerated and the type of interest applied may be changed, all over the Internet. Sony Bank will continue to enhance its mortgage loan services.

Note: This is an English-language summary of a Japanese announcement made by Sony Bank on September 28, 2007. The summary was prepared by Sony Financial Holdings Inc. solely for the convenience of non-Japanese readers.