Sony Bank Enters Tie-up with Meiwa Estate Co., Ltd. in Mortgage Loans

November 15, 2007

Sony Bank, Inc., an 88%-owned subsidiary of Sony Financial Holdings, will offer mortgage loans in cooperation with Meiwa Estate Co., Ltd., from November 19, 2007.

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

With a business infrastructure that spans the Tokyo metropolitan region and Kanagawa, Saitama and Chiba prefectures, Meiwa Estate specializes in the provision and sale of the "cLio series" of family-style condominiums. One of Meiwa Estate's principal aims is to provide comfortable spaces and environments, and the company offers a full range of condominium-related services to ensure both convenience and comfort. Such services include condominium management, refurbishment and the introduction of properties when relocating.

The current tie-up raises Sony Bank's number of agreements with condominium developers to six. Sony Bank mortgage loans, which require no guarantee or group credit life insurance fees, are highly convenient. 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 to attract more customers.

Note: This is an English-language summary of a Japanese announcement made by Sony Bank on November 15, 2007. The summary was prepared by Sony Financial Holdings Inc. solely for the convenience of non-Japanese readers.