Sony Bank to Expand Its "Carbon Offsetting Investment Trust" Offerings

May 28, 2008

Sony Bank Inc., a wholly-owned subsidiary of Sony Financial Holdings, today announced plans to add two new eco-funds to its carbon offsetting investment trust offering in June 2008.

New funds to be added to the lineup are as follows.

• Sompo Japan Eco Open (Dividend Focus Type), will go on sale June 2, 2008.
• DWS New Resources Technology Fund ("global shift") will go on sale June 16, 2008.

Sony Bank began offering a carbon offsetting investment trust in April 2008, as a part of the bank's efforts to contribute to environmental protection activities through financial services. Every year on the relevant date, on behalf of each customer who owns more than a specified amount of this fund, Sony Bank purchases emission rights* for donation to the Japanese government. The bank purchases these rights using a portion of the sales commissions and trust fees that it generates through the sale of the funds. To this end, customers can contribute to greenhouse gas reduction targets.

These additions will bring Sony Bank's investment trust offerings up to 62, including three carbon offsetting investment trusts, with 26 asset management companies. Going forward, Sony Bank will keep striving to offer environment-friendly financial services.

* Emission rights were derived from the Clean Development Mechanism (CDM), an arrangement under the Kyoto Protocol whereby the United Nations allows industrialized countries with a greenhouse gas reduction commitment to reduce emissions in developing countries as an alternative to emission reductions in their own countries.

Note: This is an English-language summary of a Japanese announcement made by Sony Bank on May 28, 2008. The summary was prepared by Sony Financial Holdings Inc. solely for the convenience of non-Japanese readers.